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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MAS. (June 5, 2024). Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) ." Chart. June 5, 2024. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. (2024). Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) . Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of Fast Transactions in Singapore from 2015 to 2023 (in Millions) ." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS, Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) Statista, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/ (last visited December 18, 2024)
Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) [Graph], MAS, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/