Consumer Payment Protection through Legislation of Mandatory Cash Acceptance during Digital Banking Service Failures

Mr Abdul Muhaimin Abdul Malik asked 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.

I refer the Member to Minister Chee Hong Tat's reply to Mr Louis Chua's Committee of Supply cut (Mandating Acceptance of Cash) on 26 February 2026. [Please refer to ​"Committee of Supply – Head U (Prime Minister's Office)", Official Report, 26 February 2026, Vol 96, Issue 20, Budget section.]