Cashless

As part of the Smart Nation initiative, the government has been pushing for Singapore to go fully cashless within the next few years. Soh Kian Peng lays out the benefits and drawbacks of this move and explains why a complete switch away from cash might not be desirable.

BY PITICHOKE CHULAPAMORNSRI During the first week at the Harvard Kennedy School, my orientation leaders encouraged us to download Venmo, a peer-to-peer money transfer app, which allows users to easily split bills at restaurants. Rather than giving the server multiple credit cards, one person can pay the bill, and the rest can just “Venmo” the […]