Singapore: Visa, Mastercard market share

Domestic scheme NETS leads the market for card payments in Singapore, ahead of both Visa and Mastercard. NETS is Singapore's domestic network for debit cards, originally set up by a consortium of banks. Whilst the leading card scheme in the country, NETS does not have a similar dominance as, for example, Dankort in Denmark or UnionPay in China. Nevertheless, it is relatively unusual for an in-market local card scheme to be ahead of either Visa and Mastercard. Singapore's most popular POS payment methods somewhat reveals why some of the major card schemes are relatively close to each other, as credit cards, cash, and debit cards all vie for the top position in the country.

Biggest payment card brands - Visa, Mastercard, or in-market local card schemes - in Singapore from 2016 to 2020

Characteristic	2016	2017	2018	2019	2020
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2022

More information

Region

Singapore

Survey time period

2016 to 2020

Special properties

Online and offline payments that involved a payment card; The source did not provide separate figures for either offline or online, but provided a total

Supplementary notes

The figures have been taken from several publications.

Percentage points exceeding or below 100 percent are probably due to rounding.

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