MAS pushes e-hong baos for Lunar New Year

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No Clients who prefer physical notes will have to pre-order from their respective banks. The Monetary Authority of Singapore (MAS) is encouraging customers to use e-hong baos for the upcoming Lunar New Year to reduce queues and promote environmental sustainability, a statement read. This is a part of a larger shift towards e-gifting that the central bank and Association of Banks in Singapore (ABS) are promoting. read more