Share of payment transactions value Singapore 2020-2025, by instrument

Published by Lucas Romero, Aug 16, 2022
In 2020, paper-based payments accounted for 47.1 percent of payment transactions valued in U.S. dollars in Singapore, and this figure is predicted to drop to 34.7 percent by 2025. Singaporeans are switching from paper-based payments to real-time digital payments, as well as mobile wallets.

Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument

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Release date

May 2021

Region

Singapore

Survey time period

2020

Supplementary notes

The figures have been rounded.

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Overview

4

Cash

5

Cards

5

Cashless payment and mobile money

6

Payment behavior

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Further related statistics

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