Annual adoption of cash by consumers, online or offline, in Singapore 2020-2023
The share of cash transactions at POS (Point-of-Sale) in Singapore declined by six percentage points between 2020 and 2023. This is according to two different questions asked throughout multiple surveys from Statista's Consumer Insights. The numbers shown here refer to a rolling 12-month share of respondents who indicated they used cash in a brick and mortar shop or whilst shopping online. In 2020, the share of respondents using cash transactions at POS (Point-of-Sale) stood at 78 percent, which declined to 72 percent in 2023. Moreover, during the same period, the share of respondents paying cash in advance and cash on delivery for online payments rose by nine and one percentage points, respectively.
