According to a payments survey conducted in Singapore in June 2021, the COVID-19 pandemic appears to have changed user preferences, with a decrease from 74 percent to 56 percent in cash use. This shift seems to have been in favor of peer-to-peer payments with an increase from 53 percent to 64 percent and mobile wallet use, rising from 31 percent to 41 percent.
Change in payment methods used due to COVID-19 pandemic in Singapore in 2021
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Milieu Insight. (July 7, 2021). Change in payment methods used due to COVID-19 pandemic in Singapore in 2021 [Graph]. In Statista. Retrieved June 08, 2024, from https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/
Milieu Insight. "Change in payment methods used due to COVID-19 pandemic in Singapore in 2021." Chart. July 7, 2021. Statista. Accessed June 08, 2024. https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/
Milieu Insight. (2021). Change in payment methods used due to COVID-19 pandemic in Singapore in 2021. Statista. Statista Inc.. Accessed: June 08, 2024. https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/
Milieu Insight. "Change in Payment Methods Used Due to Covid-19 Pandemic in Singapore in 2021." Statista, Statista Inc., 7 Jul 2021, https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/
Milieu Insight, Change in payment methods used due to COVID-19 pandemic in Singapore in 2021 Statista, https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/ (last visited June 08, 2024)
Change in payment methods used due to COVID-19 pandemic in Singapore in 2021 [Graph], Milieu Insight, July 7, 2021. [Online]. Available: https://www.statista.com/statistics/1300100/singapore-covid-19-changes-in-payment-methods/