On December 18, Singapore-based DBS bank launched the first cryptocurrency exchange in the world backed by a traditional bank.
Banks have been buying stakes and businesses from each other. In Singapore, talks of million-dollar acquisitions happen every four years or less.
As cases of taxi fare evasion rise, it might be time for taxi drivers to embrace cashless payment systems.
Singaporean banks are clearing the way for cashless transactions. But Singaporeans may not be ready for them.