Calvin Cheng

SINGAPORE — Former Nominated Member of Parliament (NMP), Calvin Cheng has incurred the wrath of netizens from a post that he made on Friday, asking for ...

A former cashier wrote, “As someone with experience as a cashier, I can say that when there is a long queue of people waiting to make payment, cash payment is the fastest mode of payment for anything below $100. In any case, they are the business owner, they have the right to decide what’s the mode of payment is best for them. PayNow is the slowest mode of payment, because very often, the customer fumbles with the app, waiting for the pages to load, point the camera to the QR code, show proof of payment, etc.” I mean if the stall owners who know nothing or find it hard to keep up with the technology because they are the older generations and they need to feed themselves and families because everything in Singapore is so expensive. It could be they are not as tech savvy, or the cost of using tech is too high for them, or they had experienced many dishonest consumers who don’t pay for their meals. Can I say I know finance or blockchain or AI, and you do not know is a shame also? Do not blame the business if they prefer the most efficient way to transact.” What I observe is payment platforms usually try to get you into the ecosystem and then they start to charge a fee. Just like you have the right to boycott as you are using your own money to make a decision. The only thing shameful I see is a person of your stature saying things like that.” Cheng said: “I believe in the future of digital assets, but this has to be done in accordance with traditional finance’s compliance standards. Failure to reach a Swiss standard of living is being held back by the villagers amongst us.