According to a 2022 study on consumer payment behavior, 39 percent of the respondents in Singapore stated that they preferred digital banking as it allowed them to be able to bank any time of the day.
Reasons for choosing digital banks among consumers in Singapore as of October 2022
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Other statistics that may interest you Digital payments in Singapore
Overview
3
- Premium Statistic Digital payments transaction value in Southeast Asia 2023, by country and segment
- Premium Statistic Digital payments average transaction in Southeast Asia 2022, by country and segment
- Premium Statistic Digital payments as a share of e-commerce and POS payments APAC 2023, by country
Key indicators
5
- Premium Statistic Most used in-store (POS) payment methods in Singapore 2017-2023, with 2027 forecast
- Premium Statistic Digital payment users in Singapore 2018-2027, by segment
- Premium Statistic Digital payment transaction value in Singapore 2019-2028, by segment
- Premium Statistic Funding for digital payments Singapore 2018-2023, by deals and value
- Premium Statistic E-commerce payment method share Singapore 2021-2027
Bank cards
3
Mobile wallets
3
Online banking and electronic money
6
- Premium Statistic Value of FAST transactions Singapore 2015-2022
- Premium Statistic Volume of FAST transactions Singapore 2015-2022
- Premium Statistic Value of e-money payments Singapore 2020-2022
- Premium Statistic Volume of e-money payments Singapore 2020-2022
- Premium Statistic Consumer preferences for digital versus traditional banks Singapore 2022
- Premium Statistic Reasons for choosing digital banks among consumers Singapore 2022
Other payment services
4
Consumer behavior
5
- Premium Statistic Most used digital payment methods among Singaporeans 2022
- Premium Statistic Usage of mobile contactless payments Singapore 2020-2022
- Premium Statistic Main reasons for e-payment usage among respondents in Singapore 2022
- Premium Statistic Main transaction types using e-payments among respondents in Singapore 2022
- Premium Statistic E-payments apps satisfaction index Singapore 2022
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Visa Inc.. (July 17, 2023). Reasons for choosing digital banks among consumers in Singapore as of October 2022 [Graph]. In Statista. Retrieved June 15, 2024, from https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/
Visa Inc.. "Reasons for choosing digital banks among consumers in Singapore as of October 2022 ." Chart. July 17, 2023. Statista. Accessed June 15, 2024. https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/
Visa Inc.. (2023). Reasons for choosing digital banks among consumers in Singapore as of October 2022 . Statista. Statista Inc.. Accessed: June 15, 2024. https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/
Visa Inc.. "Reasons for Choosing Digital Banks among Consumers in Singapore as of October 2022 ." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/
Visa Inc., Reasons for choosing digital banks among consumers in Singapore as of October 2022 Statista, https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/ (last visited June 15, 2024)
Reasons for choosing digital banks among consumers in Singapore as of October 2022 [Graph], Visa Inc., July 17, 2023. [Online]. Available: https://www.statista.com/statistics/1440675/singapore-reasons-for-using-digital-banking/