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News in brief

Singapore ups contactless spending

News in brief

Singapore’s United Overseas Bank has reported a more than three-fold increase in contactless card transactions in the year to April 2014, with more than 500 contactless purchases now being made each day. Nine out of 10┬ácontactless payments are for everyday items such as groceries, dining and pharmacy purchases, while the most frequent users of contactless cards are professionals and executives aged 30 to 45.

Filed by Email Rian Boden Published • Last updated 11 July 2014, 12:54

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