As of 2023, the volume of credit and debit card payments in Singapore amounted to around 1.98 billion transactions. A wide range of e-payment options are available in Singapore, including PayNow, PayNow Corporate, and SGQR, as well as credit and debit cards.
Volume of credit and debit card payments in Singapore from 2018 to 2023
(in millions)
According to the source, SGQR is the world’s first unified payment QR code. It combines multiple payment QR codes into a single SGQR label, making QR payments simple for both consumers and merchants.
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MAS. (January 3, 2025). Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) [Graph]. In Statista. Retrieved February 08, 2025, from https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed
MAS. "Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions)." Chart. January 3, 2025. Statista. Accessed February 08, 2025. https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed
MAS. (2025). Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions). Statista. Statista Inc.. Accessed: February 08, 2025. https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed
MAS. "Volume of Credit and Debit Card Payments in Singapore from 2018 to 2023 (in Millions)." Statista, Statista Inc., 3 Jan 2025, https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed
MAS, Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) Statista, https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed (last visited February 08, 2025)
Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions) [Graph], MAS, January 3, 2025. [Online]. Available: https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/?__sso_cookie_checker=failed