Skip to main content

Singapore to roll out automated tray return systems at hawker centers


As Singapore continues its drive to promote cashlessness, automated tray return systems might soon become a regular sight at hawker centers. Customers will be asked to make cash deposits which are refundable when they return their trays. Would customers be willing to accept digital refunds? Japnit Singh, Deputy Chief Executive Officer at Spire Research and Consulting, shared his viewpoint, published in Today Online’s news portal.

Automated tray return systems could be rolled out across 25 hawker centers. Patrons going to hawker centers such as the ones in Marsiling Mall and Bukit Merah will have to shell out cash to make deposits of SGD0.50 and SG1 respectively for each tray they take. These deposits would be refunded upon the return of the tray.

In a separate development, Ez-Link cardholders can also use their cards to pay for drinks and food at 1,000 stalls in over 30 hawker centers from April.

An integrated cashless hawker center experience may entice customers to forego cash transactions altogether. However, Japnit cautioned against totally eliminating cash as a payment option, since cards can go missing or be stolen. Acceptance of digital refunds might still not be perceived as credible.

Concern over cash deposits for trays is another challenge. Customers fear the machine might not work. It was noted that seniors might be less comfortable going completely cashless.

https://www.spireresearch.com/newsroom/media/singapore-to-roll-out-automated-tray-return-systems-at-hawker-centers/

Comments

Popular posts from this blog

ASEAN gaming on the rise

ASEAN’s gaming market is set for rapid growth. By 2017, there will be an estimated 80 million middle-income households, adding more consumers in the 20-50 years age bracket. This means gaming revenues will reach USD2.2 billion – double in value. What factors contribute to this emerging market? With improved broadband infrastructure and more disposable income, online as well as mobile gaming is increasingly accessible. By the end of 2016, there will be 230 million smartphones in Asia – which means more potential users. ASEAN governments have been quick to cash in. For instance, game developers in Indonesia receive subsidies to encourage market growth whereas the University of the Philippines actively promotes game development and design courses, hosts gaming events as well as offers scholarships to attract students. However, the gaming market in ASEAN is highly fragmented. Each ASEAN country has unique preferences and gaming behaviour. No one single publisher or format c...

Global Halal cosmetics market continues to prosper

With the global Halal cosmetics market expected to reach USD55 billion in 2017, Spire Research and Consulting shared its views on the outlook for this category in an article published in Techno Business Insight. As the global Muslim population reaches 1.6 billion people, awareness of Halal cosmetics has surged. Halal cosmetics are not permitted to contain any animal blood, pigs or alcohol content. The entire supply chain, production, packaging as well as distribution process needs to comply with these rules to be certified as Halal. The rise of e-commerce has pushed the demand for Halal cosmetic products even further. https://www.spireresearch.com/newsroom/media/global-halal-cosmetics-market-continues-to-prosper/

Hong Kong maintains its global financial center tag

After 20 years of becoming an independent judiciary, does Hong Kong continue to remain a financial and business hub? Will this impact businesses in Singapore? Leon Perera, CEO of Spire Research and Consulting shared his insights in The Business Times – Views from the Top section on 10 July 2017 on Hong Kong’s economic climate and its impact on businesses in Singapore. Hong Kong continues to attract investors due to many factors such as a high- quality civil service, economic linkages to China’s Pearl River Delta economy as well as geographic proximity to the economic giants of Korea, Japan and China. Perera opined that despite economic and political uncertainties as well as what some perceive as political encroachment from Beijing, Hong Kong will remain an important business hub for the foreseeable future. Hong Kong both complements and competes with Singapore. Many multinational corporations (MNCs) use both cities as Asia-Pacific regional headquarters (RHQs). Shanghai ...

The ultimate precious cargo – Human organs

The transportation of human organs – especially a donor’s heart – is usually done by packing it in ice inside a cooler box and getting it to the hospital as quickly as possible. Transporters have to race against time. The heart is only viable and capable of being transplanted between 4 and 6 hours after death. But a lot can go wrong during such journeys – traffic jams, bad weather or mechanical difficulties can cause delays. In addition, a heart can be damaged if it is warmed up at the end of surgery; meaning it cannot be “tested” until the transplant operation is complete. The introduction of a new heart-preservation system is set to change all that. Manufactured by Transmedics Inc. in Massachusetts, it is specifically designed to pump oxygenated donor blood and keep the heart in “a warm, beating and functioning physiological state outside of the body”. Moreover, the heart can be monitored to keep beating for up to 12 hours. Should trials of this new system be successf...

Korea needs to focus on developing service robots

The Korean robotics industry grew by 60% a year between 2005 and 2011. Korea has a strong position in industrial robots. Now, the government’s focus should now be on developing service robots to sustain growth. Spire Research and Consulting shared its insights, published on the Business Korea news portal. Korea’s industrial robot sector is larger than any country’s, except for Japan, China and the U.S. However, the service robot sector is emerging as a new growth hotbed, thanks to the accelerated use of artificial intelligence. However, Korea does not have any companies that specialize in the development of service robots. It will take time to further develop Korea’s service robotics technology which is where the government and Korean enterprises need to step in and focus so as to claim early global leadership. https://www.spireresearch.com/newsroom/media/korea-needs-to-focus-on-developing-service-robots/