As of 2023, the value of credit and debit card payments in Singapore amounted to around 142 billion Singapore dollars. A wide range of e-payment options are available in Singapore, including PayNow, PayNow Corporate, and SGQR, as well as credit and debit cards.
Value of credit and debit card payments in Singapore from 2018 to 2023
(in billion Singapore dollars)
Characteristic
Value of transactions in billion Singapore dollars
One Singapore dollar equals approximately 0.74 euros and 0.71 U.S. dollars (as of February 2025). Â
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
MAS. (January 3, 2025). Value of credit and debit card payments in Singapore from 2018 to 2023 (in billion Singapore dollars) [Graph]. In Statista. Retrieved June 05, 2025, from https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
MAS. "Value of credit and debit card payments in Singapore from 2018 to 2023 (in billion Singapore dollars)." Chart. January 3, 2025. Statista. Accessed June 05, 2025. https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
MAS. (2025). Value of credit and debit card payments in Singapore from 2018 to 2023 (in billion Singapore dollars). Statista. Statista Inc.. Accessed: June 05, 2025. https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
MAS. "Value of Credit and Debit Card Payments in Singapore from 2018 to 2023 (in Billion Singapore Dollars)." Statista, Statista Inc., 3 Jan 2025, https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
MAS, Value of credit and debit card payments in Singapore from 2018 to 2023 (in billion Singapore dollars) Statista, https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/ (last visited June 05, 2025)
Value of credit and debit card payments in Singapore from 2018 to 2023 (in billion Singapore dollars) [Graph], MAS, January 3, 2025. [Online]. Available: https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
