Tuesday, April 21, 2015

Spending Money Singapore Style

Leave it Singapore to find a cuteness factor in the act of spending money. Here in San Francisco I experience "contactless payment" through my Clipper card, which gets me on to most of the forms of public transportation that I use and can be "fueled" through machines and selected underground stations or remotely through a Web site. Singapore seems to have decided that a plastic card is just not cute enough, so they have replaced them with charms of the Hello Kitty character. Not only does this explore a new dimension to payment, but also it provides a new avenue for marketing. Here is how Aloysius Low described the business angle in his CNET article:
Each charm retails for S$24.90 ($18) and comes with no stored value. There are a total of four designs to choose from: pink, red, black and blue. The blue one is not sold individually -- you'll have to buy all four together, or be one of the first 1,000 customers, who can redeem one through the use of loyalty points.
O brave new world that has such cute toys in 't!

No comments: