Volume of FAST transactions Singapore 2015-2023

Published by Lucas Romero, Aug 15, 2024

In 2023, the volume of fast and secure transfers (FAST) in Singapore amounted to around 380 million transactions. This figure represents a significant increase in transactions from the previous year, and continued growth since the launch of the service. FAST is a domestic real-time payment scheme launched in 2014, that enables customers of the participating banks to transfer Singapore dollar funds from one bank to another almost instantly.

Volume of FAST transactions in Singapore from 2015 to 2023 (in millions)

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Release date

June 2024

Region

Singapore

Survey time period

2015 to 2023

Supplementary notes

Data prior to 2020 are from previous reports.

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