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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FinTech News. (May 25, 2021). Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/
FinTech News. "Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument." Chart. May 25, 2021. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/
FinTech News. (2021). Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/
FinTech News. "Share of Payment Transactions Value in Singapore in 2020, with Forecasts for 2025, by Instrument." Statista, Statista Inc., 25 May 2021, https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/
FinTech News, Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument Statista, https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/ (last visited May 13, 2024)
Share of payment transactions value in Singapore in 2020, with forecasts for 2025, by instrument [Graph], FinTech News, May 25, 2021. [Online]. Available: https://www.statista.com/statistics/1298708/singapore-share-of-transactions-value-by-payment-instrument/