In 2022, the volume of fast and secure transfers (FAST) in Singapore amounted to around 292 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 2022
(in millions)
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Volume of transactions in millions
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MAS. (August 17, 2023). Volume of FAST transactions in Singapore from 2015 to 2022 (in millions) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of FAST transactions in Singapore from 2015 to 2022 (in millions) ." Chart. August 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. (2023). Volume of FAST transactions in Singapore from 2015 to 2022 (in millions) . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of Fast Transactions in Singapore from 2015 to 2022 (in Millions) ." Statista, Statista Inc., 17 Aug 2023, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS, Volume of FAST transactions in Singapore from 2015 to 2022 (in millions) Statista, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/ (last visited July 22, 2024)
Volume of FAST transactions in Singapore from 2015 to 2022 (in millions) [Graph], MAS, August 17, 2023. [Online]. Available: https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/