Mandating that Businesses Must Continue to Accept Cash as Payment Option

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 reply 1 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.]

Note(s) to Question No(s) 27:

1 https://www.mas.gov.sg/news/parliamentary-replies/2026/reply-to-cos-cuts