MAS urges Singaporeans to use digital ‘red envelopes’ during Lunar New Year
The Monetary Authority of Singapore (MAS) is urging Singaporeans to use digital hong bao – monetary gifts given during holidays in Asia – in the coming Lunar New Year celebrations.
Adopting digital hong bao will help reduce queues for physical notes and is more environmentally friendly, the MAS said in a statement on January 11. The move could reduce the carbon emissions generated by the production of new notes for Lunar New Year, estimated to be around 330 tonnes each year.
“The adoption of e
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com