02 Dec '11, 2am

Debit-card use may rise amid global turmoil: "What you see now is that debt and credit are getting a little bit

Debit-card use may rise amid global turmoil: "What you see now is that debt and credit are getting a little bit

By Sophie Hong my paper Friday, Dec 02, 2011 TWO out of three ATM- or debit-card holders here choose to pay for their daily purchases using PIN-based debit-payment methods such as Nets or Epins, according to a recent survey. More people are expected to turn to these payment methods in the light of a looming economic crisis, said Korvac Holdings, which conducted the survey involving 452 participants. The company, which provides services for cashless payments, currently runs Epins - a payment service similar to Nets - for qualifying-full-bank account holders, and Payment Link, which allows consumers to use their ez-link cards to make payments not related to public transport. "What you see now is that debt and credit are getting a little bit of a bad name. There is an increased feeling that you should really watch your spending," said Korvac's chief marketing officer, Mr Jos ...

Full article: http://www.asiaone.com/News/AsiaOne%2BNews/Singapore/Stor...

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must. get. this. AHHHHHHHH STUPID SHIT

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