We’re better than Hong Kong, okay?!
Wow, this is the first time I’ve had a few spare moments to go looking at the news. What do I find? Something Neil and I have talked about plenty of times (and obviously, we weren’t the only ones) — Singapore would do well to introduce one card that people can use to pay for pretty much everything.
The new e-payment system will make it easier and more convenient to pay, and this is likely to boost consumer spending.
So, more impulse buys — good, eh*? If only there were a way for them to hook up the stall owners at MAAD, where I am planning on visiting at least once while I’m in Singapore. Ah, Singapore. We only want to shop shop shop and eat eat eat.
* I forget my economics equations, but if we add to the, er, income and take away from savings, surely that evens out? Or are the weights of the contributions different?
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One system I thought was pretty good was where you can walk up to a coke machine and dial a number on your cell phone to pay for it. Maybe we will be able to use a mobe or a PDA to debit a Gbay (google online payments) to buy stuff.
Terry, I actually thought that pay via your mobile was kind of annoying. If you had a card like ezlink it would be more convenient. I’m not sure what kind of boosted security is needed, though, as it’s a stored value card.
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