Singapore: digital payment segment transaction value

Transaction value in the digital commerce segment of Singapore reached 9.52 billion U.S. dollars in 2021. By 2026, the Statista Digital Market Outlook estimates transaction value in this segment to reach 19.96 billion dollars. The digital remittances market segment, in contrast, had a market value of around 0.57 billion dollars in 2021 and is expected to increase to one billion by 2026.

Transaction value of digital payments in Singapore from 2017 to 2026, by segment (in million U.S. dollars)

Characteristic	Digital Commerce	Mobile POS Payments	Digital Remittances
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Supplementary notes

The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point-of-sale (POS) via smartphone applications . The following are not included in this segment: transactions between businesses (Business-to-Business payments), bank transfers initiated online (that are not in connection with products and services purchased online), and payment transactions at the point-of-sale where mobile card readers (terminals) are used.

All figures are estimates. A detailed methodology can be found in the Statista Digital Market Outlook.

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