Mandating that Businesses Must Continue to Accept Cash as Payment Option
Ministry of FinanceSpeakers
Transcript
27 Mr Abdul Muhaimin Abdul Malik asked the Prime Minister and Minister for Finance given the rise in cashless-only stores (a) whether the Ministry will consider mandating that businesses continue to accept cash as a payment option; (b) how does the Ministry ensure that seniors who are not digitally savvy and youths without bank accounts are not left behind due to digital payment requirements; and (c) how does the Ministry ensure universal access to basic payment instruments.
Mr Gan Kim Yong (for the Prime Minister): This question has been answered in Minister Chee Hong Tat's reply1 to Mr Louis Chua's Committee of Supply cut on 26 February 2026. [Please refer to "Committee of Supply – Head U (Prime Minister's Office)", Official Report, 26 February 2026, Vol 96, Issue 20, Budget section.]