The report said 82 per cent of Gen Z Singapore consumers surveyed said they had tried "cashless shopping", up from 74 per cent of Gen Y (born between 1980 and 1995) consumers.
Digital payments are profoundly affecting and changing the way young Singaporeans shop. Seventy percent of Gen Z respondents said they would be willing to go to a store with a self-checkout device, with another 70 percent of those willing to accept biometric payments.
The study found that about 60 per cent of Singapore consumers have tried "cashless shopping" for reasons including faster speed and efficiency (47 per cent), convenience (47 per cent) and ease of tracking and tracing financial records (43 per cent).
The type of cashless transaction singaporeans were most likely to make was to pay bills, at 62 per cent. Another 59 percent and 56 percent said they would go cashless for public transportation-related transactions, as well as taxi rides and ride-sharing payments.
The Visa survey found that 74 per cent of Singaporean consumers are using contactless cards, with another 84 per cent using them at least once a week. Other digital payment methods widely used locally include online card payments (81 percent), mobile contactless payments (49 percent) and swiping/inserting payments (48 percent).
About 80 percent of Singaporean employees aged 18 to 24 would be willing to work remotely overseas, according to a 2021 survey by Randstad, a leading global staffing company. Only half of workers aged 55 to 67 expressed interest in working remotely overseas.
Chaya Das, managing director of Randstad Singapore, said that the younger generation prefers remote working to older ones mainly because they have grown up in a global environment and are open to the opportunities and challenges of intercultural communication.
