Value of FAST transactions Singapore 2015-2023

Published by Lucas Romero, Aug 15, 2024

In 2023, the value of fast and secure transfers (FAST) in Singapore amounted to about 487 billion Singapore dollars. The value of transactions has significantly increased compared to the previous year, and has grown steadily 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.

Value of FAST transactions in Singapore from 2015 to 2023 (in billion Singapore dollars)

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Release date

June 2024

Region

Singapore

Survey time period

2015 to 2023

Supplementary notes

1 Singapore dollar is equal to 0.76 U.S. dollars and 0.69 euros as of August 2024. 

Figures have been rounded.

Data prior to 2020 are from previous reports.

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