According to the source, SGQR is the world’s first unified payment QR code. It combines multiple payment QR codes into a single SGQR label, making QR payments simple for both consumers and merchants.
The figures have been rounded.
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Volume of credit and debit card payments Singapore 2018-2023
As of 2023, the volume of credit and debit card payments in Singapore amounted to around **** billion transactions. A wide range of e-payment options are available in Singapore, including PayNow, PayNow Corporate, and SGQR, as well as credit and debit cards.
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MAS. (January 3, 2025). Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS. "Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions)." Chart. January 3, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS. (2025). Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS. "Volume of Credit and Debit Card Payments in Singapore from 2018 to 2023 (in Millions)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Jan 2025, /statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS, Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) ÌÇÐÄÆƽâ°æ, /statistics/1298694/singapore-credit-and-debit-card-payments-volume/ (last visited July 30, 2026)
Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) [Graph], MAS, January 3, 2025. [Online]. Available: /statistics/1298694/singapore-credit-and-debit-card-payments-volume/
