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 June 05, 2025, from https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS. "Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions)." Chart. January 3, 2025. Statista. Accessed June 05, 2025. https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/
MAS. (2025). Volume of credit and debit card payments in Singapore from 2018 to 2023 (in millions). Statista. Statista Inc.. Accessed: June 05, 2025. https://www.statista.com/statistics/1298694/singapore-credit-and-debit-card-payments-volume/
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/
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/ (last visited June 05, 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/
