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20 September 2018

Cashless Payment: Smart or Smug?
























I just don’t understand.

The issue is easily solved with the simplest solution of tap-n-go like credit card payment and toll-payment. There isn’t any need for signature anymore. Why don’t just make these credit-card terminals smarter to accept e-zlink card, cash cards and nets cards? Better still, just use biometric identity like finger-print or iris to e-pay. No need any cards.

Why must we use mobile devices, apps & scan some codes to pay? Why make this process so complicated? 

When one thinks within the box and limited by one’s imagination, solutions look smart but in fact they are not. 

When all problems look like nails, the only tool they know is the hammer. Sigh! 





If I need to pay to use cashless payment or e-wallet, it’s not smart. If smart devices are needed and process takes more than 2 steps to e-pay, it’s not smart either.
The only reason cashless payment is being pushed strongly to all 12,000 hawkers, canteens and food courts is obvious. Every transaction could be tracked electronically & digitally so our ‘Big Brother’ knows your revenues and incomes. Can businesses under-declare their incomes to evade tax? Very difficult isn’t it? 
Now think again, who is smarter?
















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