Singapore: digital payment user by segment 2018-2027

Over the forecast period until 2027, the number of users is forecast to exhibit fluctuations among the three segments. Overall, the indicator appears to follow a positive trend, as there are more increasing values than decreasing values expected in the individual segments until 2027. Among them, the segment Digital Commerce achieves the relatively highest value throughout the entire period, reaching 4.5 million users.

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Number of users of digital payments in Singapore from 2018 to 2027, by segment (in million users)

Characteristic	Digital Commerce	Mobile POS Payments	Digital Remittances
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Digital Payments market segement is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). Transaction value equals money transfers out of the selected region.

Structure:

The three markets in Digital Payments include Digital Commerce, Mobile PoS payments, and Digital Remittances.

Additional Information:

The market comprises transaction values, average transaction value per user, users and user penetration rates. Transaction values in the Digital Payments market segment refers to consumer transactions made via the Internet or mobile wallets.

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