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2 in 3 SMEs expect to go cashless by 2023: OCBC

Samantha Chiew
Samantha Chiew8/10/2018 10:55 AM GMT+08  • 2 min read
2 in 3 SMEs expect to go cashless by 2023: OCBC
SINGAPORE (Aug 10): Times are changing for businesses with the boom of the e-payments movement in Singapore.
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SINGAPORE (Aug 10): Times are changing for businesses with the boom of the e-payments movement in Singapore.

More than 66% or two in three Singapore-based SMEs say that they are likely to go cashless – including doing away with cheques – by 2023, according to a poll conducted by OCBC Bank, two weeks before the launch of PayNow on 13 Aug for businesses.

What is even more encouraging is that more than 45% of the respondents anticipate going cashless by as early as 2020.

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