Factors motivating senior citizens to increase card payment usage Singapore 2021

Published by
R. Hirschmann,
May 29, 2024
According to a 2021 survey on factors motivating senior citizens' use of card payments, 57 percent of the respondents in Singapore indicated that the transaction speed is one of the motivating factors. On the other hand, 36 percent of the respondents indicated that one of the motivating factors for the usage of card payments is fraud prevention.

Factors motivating senior citizens to increase card payment usage in Singapore as of May 2021

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Release date

September 2021

Region

Singapore

Survey time period

May 2021

Number of respondents

200 respondents

Age group

50-80 years

Supplementary notes

The study explores access, literacy and participation in digital payments and commerce services among older consumers in Singapore.

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