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Parliamentary Replies
 Published Date: 07 April 2026

Written reply to Parliamentary Question on timeline for making cash acceptance mandatory

Date: For Parliament Sitting on 7 April 2026

Name and Constituency of Member of Parliament

Mr Abdul Muhaimin Abdul Malik, Sengkang GRC

Question

Mr Abdul Muhaimin Abdul Malik: To ask the Prime Minister and Minister for Finance (a) whether there is a timeline for Government to decide on making cash acceptance mandatory by law to ensure that consumers are not left without payment options when digital banking services fail; and (b) if so, what is the timeline.

Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:

1. I refer the Member to Minister Chee Hong Tat’s reply to Mr Louis Chua’s Committee of Supply cut on 26 February 2026.

[Please refer to “Mandating Acceptance of Cash”, Official Report, 26 February 2026, Vol 96, Issue 20, Oral Answers to Questions.]

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