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Digital payments in Singapore

Statistics report on digital payments in Singapore

This report provides a range of statistics and facts on digital payments in Singapore. After giving a general overview and key indicators of the sector, it presents statistics on the main cashless payment methods in the country, such as bank cards, mobile wallets, online banking and e-money, as well as other payment services. Finally, the report outlines consumer behavior in Singapore regarding payments.

Table of contents

Overview

4
  • Premium Statistic Gross transaction value of digital payments SEA 2019-2030, by country
  • Premium Forecast Digital payment transaction value in Singapore 2018-2030, by segment
  • Premium Forecast Digital payment users in Singapore 2018-2030, by segment
  • Premium Statistic Payments transaction volume Singapore 2023-2028, by instrument

Key indicators

4
  • Premium Forecast Penetration rate of online banking in Singapore 2000-2050
  • Premium Forecast Penetration rate of credit cards in Singapore 2011-2050
  • Premium Statistic Most used in-store (POS) payment methods in Singapore 2017-2025, with 2030 forecast
  • Premium Statistic Funding for digital payments Singapore 2018-2024, by deals and value

Bank cards

3
  • Premium Statistic Value of credit and debit card payments Singapore 2018-2023
  • Premium Statistic Volume of credit and debit card payments Singapore 2018-2023
  • Premium Statistic Volume of card payments in Singapore 2023, by type

FAST and e-money

4
  • Premium Statistic Value of FAST transactions Singapore 2015-2023
  • Premium Statistic Volume of FAST transactions Singapore 2015-2023
  • Premium Statistic Value of e-money payments Singapore 2020-2023
  • Premium Statistic Volume of e-money payments Singapore 2020-2023

Mobile wallets

3
  • Premium Statistic Number of mobile wallet users in Singapore 2020-2025
  • Premium Statistic Mobile wallets as a share of e-commerce payments Singapore 2022-2029
  • Premium Statistic Mobile wallet ownership among adults Singapore 2021-2023

Buy Now, Pay Later (BNPL)

4
  • Premium Statistic BNPL transaction value Singapore 2021-2023
  • Premium Statistic Number of BNPL users in Singapore 2020-2025
  • Premium Statistic BNPL market size Singapore 2023-2028
  • Premium Statistic BNPL payments as a share of e-commerce payments in Singapore 2020-2030

Consumer behavior

5
  • Premium Statistic Consumer preferences for digital versus traditional banks Singapore 2023
  • Premium Statistic Number of digital banking activity days Singapore 2023, by generation
  • Premium Statistic Usage of mobile contactless payments Singapore 2020-2023
  • Premium Statistic Share of consumers using PayNow for payments Singapore 2024, by generation
  • Premium Statistic Share of consumers using GrabPay for payments daily Singapore 2024, by generation
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