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The Singapore government may be eager to drive e-payment adoption in the country, but it appears to want to do so through encouraging market competition, instead of introducing legislation to bring down surcharges for e-payments.
Deputy Prime Minister Tharman Shanmugaratnam, who also was Minister-in-Charge of the Monetary Authority of Singapore (MAS), said the government was assessing the impact of laws regulating e-payment fees in other countries.