More than 11,500 hawkers have adopted cashless payments so far, with government subsidies to encourage them to do so extended until the end of 2025. The subsidy, under the Hawkers Go Digital (HGD) programme, waives the 0.5 per cent transaction fee that stallholders must pay...
More than 11,500 hawkers have adopted cashless payments so far, with government subsidies to encourage them to do so extended until the end of 2025.
The subsidy, under the Hawkers Go Digital programme, waives the 0.5 per cent transaction fee that stallholders must pay for each digital transaction, for the first $20,000 of such transactions per stall each month.
Both the monthly transaction value and volume of these e-payments have increased as compared with a year ago, according to the joint statement. In August, the monthly transaction value reached $60 million, an increase from $45 million in August 2023.Ms Low Yen Ling, Senior Minister of State for Trade and Industry, and Culture, Community and Youth, said the scheme is part of “our ongoing efforts to ensure our hawkers continue to thrive in the digital age”.
DIGITALISATION PAYMENT SYSTEMS
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