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Value of FAST transactions Singapore 2015-2021

Published by Statista Research Department, Aug 11, 2022
In 2021, the value of fast and secure transfers (FAST) in Singapore amounted to about 296 billion Singapore dollars. The value of transactions has significantly increased compared to the previous year, and has grown steadily 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.

Value of FAST transactions in Singapore from 2015 to 2021 (in billion Singapore dollars)

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Release date

February 2022

Region

Singapore

Survey time period

2015 to 2021

Supplementary notes

One Singapore dollar (SGD) is equal to 0.73 U.S. dollars and 0.71 euros as of August 2022.

Figures have been rounded.

Data prior to 2020 are from previous reports.

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