According to a survey in November 2019, 68 percent of respondents in Singapore who earned more than five thousand Singapore dollars a month stated that they were interested in virtual banking. In recent years, there has been a growing proportion of the population in Singapore who use digital banking to pay bills or shop online.
Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income*
Respondents were imposed for age, gender and income to ensure sample representivity when reporting at the overall level.
Method of interview
Online survey
Supplementary notes
*High-income earners were classified as those who were earning more than SGD 5,000 a month, middle-income earners between SGD 2,000-5,000, and low-income earners less than SGD 2,000 a month.
Note: 1 Singapore dollar is equivalent to 0.74 U.S. dollars and 0.67 euros as of January 2020.
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PwC. (November 28, 2019). Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income* [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/
PwC. "Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income*." Chart. November 28, 2019. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/
PwC. (2019). Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income*. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/
PwC. "Share of Respondents in Singapore Who Are Interested in Virtual Banking as of November 2019, by Income*." Statista, Statista Inc., 28 Nov 2019, https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/
PwC, Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income* Statista, https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/ (last visited November 19, 2024)
Share of respondents in Singapore who are interested in virtual banking as of November 2019, by income* [Graph], PwC, November 28, 2019. [Online]. Available: https://www.statista.com/statistics/1091710/singapore-interest-in-virtual-banking-by-income/
