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In highly developed Singapore, cash is still king - at least in 2015 and perhaps 2016. But this condition is going to change very quickly as the country's leadership etches plans to cement the island nation's position in the global financial technology landscape.
With its stated ambition to turn Singapore into Asia's financial technology hub, the Monetary Authority of Singapore (MAS) published its "Singapore Payments Roadmap" as its vision for how electronic payment will evolve in Singapore.
The MAS commissioned KPMG to conduct a study on how payment is evolving in the island...