In 2022, the value of fast and secure transfers (FAST) in Singapore amounted to about 380 billion Singapore dollars. The value of transactions has significantly increased compared to the previous year, and has grown steadily since the launch of the service. FAST is a domestic real-time payment scheme launched in 2014, that enables customers of the participating banks to transfer Singapore dollar funds from one bank to another almost instantly.
Value of FAST transactions in Singapore from 2015 to 2022
(in billion Singapore dollars)
Characteristic
Transaction value in billion Singapore dollars
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MAS. (August 17, 2023). Value of FAST transactions in Singapore from 2015 to 2022 (in billion Singapore dollars) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/
MAS. "Value of FAST transactions in Singapore from 2015 to 2022 (in billion Singapore dollars) ." Chart. August 17, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/
MAS. (2023). Value of FAST transactions in Singapore from 2015 to 2022 (in billion Singapore dollars) . Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/
MAS. "Value of Fast Transactions in Singapore from 2015 to 2022 (in Billion Singapore Dollars) ." Statista, Statista Inc., 17 Aug 2023, https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/
MAS, Value of FAST transactions in Singapore from 2015 to 2022 (in billion Singapore dollars) Statista, https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/ (last visited June 18, 2024)
Value of FAST transactions in Singapore from 2015 to 2022 (in billion Singapore dollars) [Graph], MAS, August 17, 2023. [Online]. Available: https://www.statista.com/statistics/1325973/singapore-fast-transactions-value/