The YSW team provided powerful insights in their presentation about the presence of competing card issuers, the main stakeholders involved in the platform, CEPAS impact, motivations/ incentives for the stakeholders, analysis prior to CEPAS initiative. This is exactly what we look forward to send who want to acknowledge how we merged the two systems and explain the success story of how this country 'Singapore' is advancing towards ez-cards and less cash.
After YSW presentation, we have come to an agreement that the faster turnaround time in the payment process within an economy which will ultimately increase GDP across the economies will be the best option and most effective process in every aspect. The more innovation brought about to this platform, the more economies will prosper across the world. The consultants discussed the CEPAS strongest point and mentioned about having standard methodologies & create an entity independent of stakeholders. If there is an independent entity appointed who reinforce the changes across the society, there will be an evidence for a need to change perceived by the people. The results of using the CEPAS is clear to its users, there will be a large number of changes and the nation will be more consistent and effective in its operations.
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