In 2023, electronic payments accounted for 58.1 percent of payment transactions volume in Singapore, and this figure is predicted to rise to 61.9 percent by 2028. Singaporeans are switching from paper-based payments to real-time digital payments, as well as mobile wallets.
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Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument
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Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument
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ACI Worldwide. (April 30, 2024). Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument [Graph]. In Statista. Retrieved July 11, 2025, from https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/
ACI Worldwide. "Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument ." Chart. April 30, 2024. Statista. Accessed July 11, 2025. https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/
ACI Worldwide. (2024). Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument . Statista. Statista Inc.. Accessed: July 11, 2025. https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/
ACI Worldwide. "Distribution of Payment Transaction Volume in Singapore in 2023, with Forecasts for 2028, by Instrument ." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/
ACI Worldwide, Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument Statista, https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/ (last visited July 11, 2025)
Distribution of payment transaction volume in Singapore in 2023, with forecasts for 2028, by instrument [Graph], ACI Worldwide, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1298705/singapore-share-of-transactions-volume-by-payment-instrument/
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