SINGAPORE - A cashback initiative by POSB has boosted the takings of heartland merchants by about 40 per cent on weekends, as more customers turn to scan-to-pay options.
DBS Bank said the volume of transactions across all merchants has increased by about 40 per cent. ST PHOTO: BRIAN TEO The bank provided the update at a community event held at Toa Payoh West Market and Food Centre. There were activities focused on digital literacy and scam prevention for residents. However, some still prefer cash as they find using their phones difficult, he said. He helps those who have trouble with navigating the app.
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