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Singapore’s stated ambitions to become a smart city faces one roadblock to fruition - cash and checks remain the preferred method of transaction in the city. This is despite what Prime Minister Lee Hsien Loong describes as a well-developed financial system and tech-savvy population.
One company that is gearing up to support this cashless future is Fave, a startup with an app it claims is helping make it easier for restaurants and offline retailers to offer cashless payment options and reward customers using its FavePay platform.
Fave claims it has more than 2 million subscribers in Singapore and is accepted in over 150...