SINGAPORE: Supermarket chain NTUC FairPrice will accept Visa payment card at all its stores island-wide starting Friday.
It hopes to offer a convenient, fast, secure and rewarding way to make payment.
According to a Visa
survey on payment card usage habits at supermarkets in Singapore, 42 per
cent of grocery shoppers use cash most often when paying for their
purchases, but 49 per cent would prefer paying for groceries with
The survey said although payment with cash at supermarkets is still prevalent, with payment card acceptance widespread in Singaporean supermarkets, cards are set to displace cash as the most popular payment method for grocery shopping.
Among the most common electronic payment card options available to consumers, credit cards (39 per cent) are the preferred way to pay for groceries, followed by ATM cards (28 per cent) and cash (22 per cent).
Grocery shoppers who responded to the survey said they prefer to use cards to pay to earn rewards/loyalty points and enjoy direct discounts or other benefits.
55 per cent of respondents also said using credit cards was more convenient than using cash, and 50 per cent already use credit cards for big expense items and routine shopping.
Should have implemented long ago.
We are like 10 years behind other developed countries.
Why they restrict on card payment, only allow certain ones?