As of 2022, the value of credit and debit card payments in Singapore amounted to around 124 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 2022
(in billion Singapore dollars)
Characteristic
Value of transactions in billion Singapore dollars
One Singapore dollar equals approximately 0.74 euros and 0.69 U.S. dollars (as of November 2023).
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. (August 17, 2023). Value of credit and debit card payments in Singapore from 2018 to 2022 (in billion Singapore dollars) [Graph]. In Statista. Retrieved November 18, 2024, 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 2022 (in billion Singapore dollars)." Chart. August 17, 2023. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
MAS. (2023). Value of credit and debit card payments in Singapore from 2018 to 2022 (in billion Singapore dollars). Statista. Statista Inc.. Accessed: November 18, 2024. 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 2022 (in Billion Singapore Dollars)." Statista, Statista Inc., 17 Aug 2023, 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 2022 (in billion Singapore dollars) Statista, https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/ (last visited November 18, 2024)
Value of credit and debit card payments in Singapore from 2018 to 2022 (in billion Singapore dollars) [Graph], MAS, August 17, 2023. [Online]. Available: https://www.statista.com/statistics/1298697/singapore-credit-and-debit-card-payments-value/
