Streetwise

Making e-payments when you travel: How to save on fees and guard against fraud

Consumers aged between 25 and 34 lean towards digital multi-currency accounts that charge lower foreign exchange rates. PHOTO: WISE
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SINGAPORE – Digital payments may be catching on around the world, but a recent study has found that 56 per cent of people in Singapore use cash most often when making payments overseas.

Their main concerns are bank charges levied on overseas spending, and security risks such as malware and data breaches.

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