“SINGAPORE – Despite having an e-payment option, the bulk of logistics firm Shalom Movers’ customers use cash or cheque to pay.
To save the time needed for daily trips to the bank to deposit money – which are “cumbersome” and can take up to three hours – Shalom’s finance team considered installing a bank-operated cash deposit machine at its office, said chief executive Gideon Lam.
Shalom, for instance, signed up with OCBC Bank last month and Mr Lam said his company will be able to save time, streamline its processes and offer greater convenience to customers and suppliers.
Mr Lam was told that no charges would be incurred for using PayNow Corporate.”
Read the full article at: https://www.todayonline.com/singapore/eager-do-away-cheques-and-cash-businesses-already-signing-paynow
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