Summary: The money changer industry in Singapore is facing challenges due to the rise of digital multi-currency wallets like Revolut and YouTrip. These e-wallets offer better exchange rates and greater convenience, leading to a decline in customers for traditional money changers. Despite this, some believe that cash will remain relevant for certain transactions and that money changers will not disappear entirely.

Link: https://www.businesstimes.com.sg/companies-markets/banking-finance/money-changers-facing-existential-threat-youtrip-revolut-alipay-and-other-multi-currency-wallets