Summary: In Singapore’s financial hub, hundreds of people line up daily at money changer stalls in Raffles Place to buy and sell hard currency. Despite the rise of multi-currency payment apps, these cash dealers thrive due to Singapore’s role as a shipping and transit hub, attracting sailors and office workers seeking better exchange rates than banks. While acknowledging the challenges posed by digital payments and increased competition, money changers remain optimistic about the future of their industry, believing cash will always have a place in people’s wallets.

Link: https://www.businesstimes.com.sg/singapore/singapores-banking-hub-has-busy-corner-where-cash-still-king