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.
Senior citizens and those earning less than $2,500 a month made up 39 per cent of these recipients, it added. Madam Ivy Tan, 63, and her husband have been running Jasmine Florist at the market for 13 years. She started accepting PayLah payments during the pandemic. However, some still prefer cash as they find using their phones difficult, he said. He helps those who have trouble navigating the app.
As the Government promotes digital solutions and services, it will ensure there is sufficient support so that no one is left behind, said Mr Chee, who is MP for the Toa Payoh West-Thomson ward in Bishan-Toa Payoh GRC. Since November 2022, DBS Foundation and the Infocomm Media Development Authority have also held more than 600 workshops for over 110,000 people to improve their digital literacy.He added that the early results of the POSB cashback initiative are encouraging.
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