Cash use in Singapore drops as e-transactions climb

ZDNet Asia, 26 Aug 2010
The amount of funds transacted via e-money in Singapore increased at compound annual growth rate (CAGR) of 14 percent between 2004 and 2008, driven largely by the proliferation of e-money and cards for contactless payments, according to a new report Thursday. Released by U.S. financial research and consulting firm Celent, the study also noted that fewer people in the country were using cash to make purchases. Full story