In 2021, the volume of fast and secure transfers (FAST) in Singapore amounted to around 226 million transactions. This figure represents a significant increase in transactions from the previous year, and continued growth since the launch of the service. FAST is a domestic real-time payment scheme launched in 2014, that enables customers of the participating banks to transfer Singapore dollar funds from one bank to another almost instantly.
Volume of FAST transactions in Singapore from 2015 to 2021 (in millions)
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Statistics on Digital payments in Singapore
Overview
6
- Premium Statistic Users of digital payments in the APAC region 2021, by country and age
- Premium Statistic Digital payments as a share of e-commerce and POS payments APAC 2021, by country
- Premium Statistic Cashless payments adoption rate SEA 2021, by country
- Premium Statistic Digital payments transaction value in Southeast Asia 2022, by country and segment
- Premium Statistic Digital payments average transaction in Southeast Asia 2022, by country and segment
- Premium Statistic Most popular in-store payment methods in Singapore 2017-2021
Key indicators
4
- Premium Statistic Digital payment users in Singapore 2017-2026, by segment
- Premium Statistic Digital payment transaction value in Singapore 2017-2026, by segment
- Premium Statistic Payments transaction volume Singapore 2020-2025, by instrument
- Premium Statistic Funding for digital payments Singapore 2018-Q3 2022, by deals and value
Bank cards
5
- Premium Statistic Value of credit and debit card payments Singapore 2018-2021
- Premium Statistic Bank card payments value Singapore 2017-2025, by type
- Premium Statistic Volume of credit and debit card payments Singapore 2018-2021
- Premium Statistic Annual number of credit card transactions in Singapore 2013-2021, per capita
- Basic Statistic Ownership rate credit cards Singapore 2011-2021 by gender
Mobile wallets
4
Online banking and electronic money
4
Other payment services
4
Consumer behavior
6
- Premium Statistic Most used digital payment methods among Singaporeans 2021
- Premium Statistic Consumers attitudes towards cashless payment Singapore 2021
- Premium Statistic Change in payment methods due to COVID-19 Singapore 2021
- Premium Statistic Change in the usage of cash since COVID-19 Singapore 2021
- Premium Statistic Usage of mobile contactless payments Singapore 2020-2021
- Premium Statistic Consumer preferences for digital versus traditional banks Singapore 2021
Further related statistics
21
- Pay-easy transaction volume via online banking in Japan 2015-2022, by recipient
- Most well-known digital payment brands in the United States 2022
- Most well-known digital payment brands in the UK 2022
- Share of people using online banking in Morocco 2022, by gender
- Pay-easy transaction volume via online banking in Japan 2017-2021
- Share of people using online banking in South Africa 2022, by gender
- Share of people using online banking in Libya 2022, by gender
- Share of people using online banking in Algeria 2022, by gender
- RBI's digital payment index India 2018-2022
- Preferred digital payment methods in Poland 2022
- Share of people using online banking in Poland 2016-2021
- Share of consumer payment volume with online and mobile banking Thailand 2017-2021
- Volume of internet banking transactions Thailand 2017-2021
- Volume of FAST transactions Singapore 2015-2021
- Annual buy now, pay later (BNPL) transaction volume in U.S. 2019-2021, by vertical
- Digital payment index in Hungary 2021
- Concerns regarding digital payment methods in Indonesia 2020
- Online banking usage among digital buyers in Japan 2021, by age group and gender
- Visa, MasterCard, UnionPay transaction volume worldwide 2014-2021
- Leading digital payment methods used among Indian households 2020
- Leading digital payment platforms for e-commerce Asia 2021, by country
Further Content: You might find this interesting as well
MAS. (February 21, 2022). Volume of FAST transactions in Singapore from 2015 to 2021 (in millions) [Graph]. In Statista. Retrieved February 05, 2023, from https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of FAST transactions in Singapore from 2015 to 2021 (in millions) ." Chart. February 21, 2022. Statista. Accessed February 05, 2023. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. (2022). Volume of FAST transactions in Singapore from 2015 to 2021 (in millions) . Statista. Statista Inc.. Accessed: February 05, 2023. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of Fast Transactions in Singapore from 2015 to 2021 (in Millions) ." Statista, Statista Inc., 21 Feb 2022, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS, Volume of FAST transactions in Singapore from 2015 to 2021 (in millions) Statista, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/ (last visited February 05, 2023)
Volume of FAST transactions in Singapore from 2015 to 2021 (in millions) [Graph], MAS, February 21, 2022. [Online]. Available: https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/