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Economic Impacts
See how Electronic Payments affect the Economy
Economic Impacts: Intro
Contribute to GDP
Card usage accounts for 0.10% of Singapore GDP between 2011-2015
Economic Impacts: Body
Add more jobs
Average of 3380 jobs per year added in Singapore
Economic Impacts: Body
Enables E-commerce
Allow retailers to expand onto the internet and give chance to online trading
->Â Time saving: online purchases often take less time and effort
-> Increase accessibility everytime, everywhere
-> Encourage price competition:
Economic Impacts: Conclusion
Facilitate cross-border trades
Online payments created the potential for cross-border trades.
In 2012, 25% of online buyers in the EU27 purchased goods from other European countries.
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Economic Impacts: Body
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