Singapore is pushing to be a smart nation. A national effort of Singaporeans, Businesses and government to support better living using technology. (Smart Nation SG)
I think 5 years ago if I were to forget my wallet at home, I would have starved the whole day. Now, you could just pull out your phone and beep away. QR codes, Cardless ATMs & mobile wallets are available in Singapore now to make transactions easier. China is showing the rest of the World that you could live in a Cashless society. It’s a good thing that Gentlemen clubs are banned in China, otherwise that would be a very confusing transaction for a cashless society in that situation. Or interesting, I guess we’ll never know.
DBSPaylah! understands consumer’s micro moments. The app is trying to eliminate the need for cash for daily transactions. You can simply purchase anything in 7-11 using DBSPaylah! They know that mistakes such as forgetting to bring your wallet is a real first world problem and they want to be the app that Singaporeans remember by partnering up with big food chains in Singapore. They’re there when you need it, quick information at the tip of your hands and useful when you are in cashless situation. The three models for mobile app to be chosen from other competitors.
It is more than an app, it is a lifestyle. Singaporeans use it to send E-Angbao during the Chinese new year to avoid spending hours queuing at the bank for new notes and spending quite an amount for red packets. Users simply transfer the amount they want using phone number or QR code. DBSPaylah! offers Movie ticket deals as well when purchasing online.
In my opinion, Singapore is still on its way to be a completely cashless society. It is quite challenging for the elderly to rely on such technology as it is not a part of their daily lives.