19 April 2018
The National University of Singapore has announced plans to become a fully cashless campus in the next academic year.
In particular, this means that retailers as well as food operators will accept only cashless payment options, and will not be able to accept cash transactions.
The initiative has understandably triggered much concern among NUS students. Two key issues that have been raised by the student body include the lack of inclusiveness, and also, the concern that the unreliable and erratic WiFi connection on NUS campus could affect sales transactions.
The university has already implemented various cashless payment options such as DBS PayLah! in its canteens and food courts last year, as well as modes of payment such as credit cards, Nets, OCBC Pay Anyone, Apple Pay and Samsung Pay.
Still, many students expressed the opinion that they would find it hard to do away with cash completely. For one, it sometimes takes a long time for an electronic transaction to be processed, resulting in delays. A lot of time is also squandered on technical hiccups.
Other higher learning institutes said they have no plans to go fully cashless yet.