Not necessarily. e-wallets are convenient and just another payment tool. Whether one spend more is more of how the person is educated on value of money and necessity versus wants. I prefer credit cards as it comes with better benefits compared to e-wallets.
Is Gen Z in Singapore Spending More Using E-Wallets?
A recent survey in Singapore found that 71% of Gen Zs think mobile apps and digital services are improving at the right pace, but 29% are spending more money because of them.
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