Payment types accepted by all e-commerce vendors in Singapore in 2022 and 2024

Published by
Raynor de Best,
Mar 26, 2024

Five out of 10 e-commerce vendors in Singapore offer buy now, pay later on their website come 2024. This is according to a survey held in early 2024, asking e-commerce professionals on which payment methods they are offering. Noticeable for  Singapore is the substantial share of respondents who indicated they offer credit cards in 2024. Cryptocurrency also features in this list. The source does not clarify, however, whether merchants would like to accept direct payments with Bitcoin or whether this involved a third-party payment aggregator.

Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024

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Source

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Release date

February 2024

Region

Singapore

Survey time period

February 2024

Number of respondents

2,700 respondents

Age group

18 years and older

Special properties

third-party panelists worldwide; Commerce professionals that held a director or higher leadership role; Professionals from B2B, B2C, and B2B2C companies across North America, Latin America, Asia Pacific, Japan, and Europe

Method of interview

Online panel

Supplementary notes

The numbers provided have been taken from multiple publications. It is unclear whether the two releases are comparable, as the number of respondents for February 2022 (4,102 respondents) had declined significantly by February 2024 (2,700 respondents).


The source adds that respondents did not provide information on the exact number of respondents per country.

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Statistics on " Digital payments in Singapore "

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Overview

3

Key indicators

5

Bank cards

3

Mobile wallets

3

Online banking and electronic money

6

Other payment services

4

Consumer behavior

5

Further related statistics

10

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Topics

Cryptocurrency in SingaporeInternet usage in SingaporeFintech in SingaporeStartups and venture capital in SingaporeMobile internet and apps in Singapore
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