Singapore’s street food vendors rapidly adopt digital payments

Singapore’s hawkers go digital

More than half of Singapore’s hawker stalls now offer e-payments, with transactions in January having grown four times from June last year, authorities in the city state said in a joint media release on February 19, adding that this would include around 10,000 stallholders.

Transactions crossed the 1.2-million-mark in January with a value of $10.6 million, a new high. This is a 400-per cent increase compared to June 2020, when the Hawkers Go Digital programme was launched.

The programme aims to reach out to and encourage a total of 18,000 stallholders to adopt a unified e-payment solution by June 2021, whereby joining vendors are receiving a monthly bonus when they achieve at least 20 transactions a month.

There are also lucky draw campaigns to entice more consumers to support stallholders by using e-payment for their purchases. This campaign was first launched in November last year.

Further, e-payments service provider Nets has rolled out new features to help hawkers fight fraud connected to online and mobile transactions

Improving productivity of stallholders

“The bonus complements the government’s efforts to help stallholders adopt e-payment solutions to improve their productivity and to encourage the sustained use of e-payment,” the concerned government agencies said in the release.

The step towards e-payment is a great cultural change for the historically informal business setup of Singapore’s hawkers. Their culture dates back to the 1800s, when early migrants sold quick, affordable meals on the streets, in town squares and parks. At the end of 2020, Singapore hawker culture was added to UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.

While the street food vendor scene was somewhat chaotic and unregulated after Singapore’s independence in 1965, many street hawkers have been relocated to residential food halls, while others were offered spaces in hawker centers near factories, the port and in the city center, which makes the scene more inclusive and, most of all, more hygienic.



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Singapore's hawkers go digital More than half of Singapore’s hawker stalls now offer e-payments, with transactions in January having grown four times from June last year, authorities in the city state said in a joint media release on February 19, adding that this would include around 10,000 stallholders. Transactions crossed the 1.2-million-mark in January with a value of $10.6 million, a new high. This is a 400-per cent increase compared to June 2020, when the Hawkers Go Digital programme was launched. The programme aims to reach out to and encourage a total of 18,000 stallholders to adopt a unified e-payment...

Singapore’s hawkers go digital

More than half of Singapore’s hawker stalls now offer e-payments, with transactions in January having grown four times from June last year, authorities in the city state said in a joint media release on February 19, adding that this would include around 10,000 stallholders.

Transactions crossed the 1.2-million-mark in January with a value of $10.6 million, a new high. This is a 400-per cent increase compared to June 2020, when the Hawkers Go Digital programme was launched.

The programme aims to reach out to and encourage a total of 18,000 stallholders to adopt a unified e-payment solution by June 2021, whereby joining vendors are receiving a monthly bonus when they achieve at least 20 transactions a month.

There are also lucky draw campaigns to entice more consumers to support stallholders by using e-payment for their purchases. This campaign was first launched in November last year.

Further, e-payments service provider Nets has rolled out new features to help hawkers fight fraud connected to online and mobile transactions

Improving productivity of stallholders

“The bonus complements the government’s efforts to help stallholders adopt e-payment solutions to improve their productivity and to encourage the sustained use of e-payment,” the concerned government agencies said in the release.

The step towards e-payment is a great cultural change for the historically informal business setup of Singapore’s hawkers. Their culture dates back to the 1800s, when early migrants sold quick, affordable meals on the streets, in town squares and parks. At the end of 2020, Singapore hawker culture was added to UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.

While the street food vendor scene was somewhat chaotic and unregulated after Singapore’s independence in 1965, many street hawkers have been relocated to residential food halls, while others were offered spaces in hawker centers near factories, the port and in the city center, which makes the scene more inclusive and, most of all, more hygienic.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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