3 in 4 Singaporeans believe they'll go cashless by 2030

More than half think going cashless will be more convenient.

Singapore's Smart Nation initiatives have begun to enter the public consciousness as 76% believe in a cashless Singapore by 2030.

According to a survey by Blackbox Research, 72% are already aware of the cashless method by PayNow. The technology was introduced by seven banks in July and will serve as a fund transfer option that requires a NRIC or mobile number.

Three out of five see that the new payment method will bring greater convenience.

Currently, one in three Singaporeans use mobile phone banking apps at least twice a week. In total, 64% of Singapore use mobile banking apps.

Retailers are also embracing Fairprice's launch of the first unmanned cashless convenience store in the country.

In the future, public transport is also projected to make the shift to cashless payments. Bus and train rides will be paid using travel cards, whilst top-ups will be performed without physical cash.