Singapore Expats

Money changers

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
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Money changers

Post by abbby » Sun, 13 Sep 2020 7:02 pm

Read an article online today and realised they were also very badly affected by the pandemic, most lost 90% of their businesses no one is needing to change currency during this period. I recalled late last year when I had to queue 30 minutes to get my currency changed. :o
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

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Re: Money changers

Post by bgd » Sun, 13 Sep 2020 10:52 pm

That and I think fintech is starting to impact. Cash isn't as dominant as it once was.

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Re: Money changers

Post by PNGMK » Mon, 14 Sep 2020 8:44 am

Also... I think there is finally some push back on the various money laundering schemes around town (spas, money changers etc).
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the observer
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Re: Money changers

Post by the observer » Mon, 14 Sep 2020 5:48 pm

For the common man like I am, I have been using Revolut for my travels last year. Even for cash withdrawals.

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