Fintonia's views on e-payments in Singapore that were quoted by Business Times include:
"....building a ubiquitous e-payment scheme is a "network-effect and winner-takes-all" type of activity....."
"The likely dominant solution is a party that already has a large enagaged base of users....and is able to subsidise losses in e-payments while making profits elsewhere in the business value chain..."
"Financial payments using tech is, in itself, a low-value activity..."
For the full article and perspectives quoted by Business Times, please see: https://www.businesstimes.com.sg/technology/many-recipes-but-singapores-cashless-appetite-still-not-sated