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GOASIAPLUS April 2019

Taking the cover feature of our April issue is Mayflower's CTO, Cheah Kwan Cheong (KC) sharing his experience and insights on building aviation and travel start-up websites. For a different travelling scene, Taman Negara in Pahang might just be what you are seeking for, alongside the city of Gwangju in South Korea. The final touch to our April's table are the unmissable dessert places in Kuala Lumpur for a sweet finish.

Taking the cover feature of our April issue is Mayflower's CTO, Cheah Kwan Cheong (KC) sharing his experience and insights on building aviation and travel start-up websites. For a different travelling scene, Taman Negara in Pahang might just be what you are seeking for, alongside the city of Gwangju in South Korea.

The final touch to our April's table are the unmissable dessert places in Kuala Lumpur for a sweet finish.

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THE FACE OFF<br />

FACE OFF:<br />

CASH VS MOBILE PAYMENT<br />

THE OMNIPRESENT VALUE OF MONEY HAS TAKEN MANY FORMS<br />

THROUGHOUT HISTORY. WILL “CASH IS KING” BE DETHRONED BY<br />

THE PIXELS OF DIGITAL CURRENCY IN THIS TECH SAVVY WORLD?<br />

Text JESSY WONG • Illustration ADOBE STOCK<br />

CASH<br />

TYPES<br />

Paper printed currencies<br />

BENEFITS<br />

Managing tangible cash gives a form of control and<br />

improved fiscal conduct as compared to the digital mode.<br />

This is because handling money physically can affect our<br />

psychological well-being that influence how we spend or save<br />

our money. Cash transaction also open doors for negotiations<br />

deals in the marketplace.<br />

RISKS<br />

Carrying cash (especially when overseas) gives a mixed sense<br />

of security as the natural appeal of money can also attract<br />

unwanted attention. Knowing you have instant money in<br />

hand for emergencies leaves you wrangled with the possibility<br />

of theft and robbery as stolen money is impossible to track.<br />

So, stashing away emergency cash in hotel room's safe or<br />

lugagge is commonly practiced as a precaution.<br />

VALUE<br />

Indisputable appeal<br />

MOBILE PAYMENT<br />

TYPES<br />

Mobile, banking and payment apps through smartphone<br />

BENEFITS<br />

It is all about convenience. Transactions could happen in<br />

an instant through several taps on digital wallet without the<br />

hassle of finding a cash machine and fiddling with tangible<br />

notes for payments. Most mobile apps also exclusively<br />

reward their users with cashbacks, promotional services and<br />

products with usage of digital payment.<br />

RISKS<br />

Unlimited access to credit via payment apps could result in<br />

poor spending choices. It has been proven that digital money<br />

and its transparent transaction make us feel less affected with<br />

our expenses and puts us in risk of unauthorised transactions.<br />

As many payment apps require authentications, a majority of<br />

us tend to reuse password across multiple services. This will<br />

inevitably increase the risk of hackers and data leak.<br />

VALUE<br />

Ever expanding with technology<br />

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