Five out of 10 e-commerce vendors in Singapore offer buy now, pay later on their website come 2024. This is according to a survey held in early 2024, asking e-commerce professionals on which payment methods they are offering. Noticeable for Singapore is the substantial share of respondents who indicated they offer credit cards in 2024. Cryptocurrency also features in this list. The source does not clarify, however, whether merchants would like to accept direct payments with Bitcoin or whether this involved a third-party payment aggregator.
Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024
third-party panelists worldwide; Commerce professionals that held a director or higher leadership role; Professionals from B2B, B2C, and B2B2C companies across North America, Latin America, Asia Pacific, Japan, and Europe
Method of interview
Online panel
Supplementary notes
The numbers provided have been taken from multiple publications. It is unclear whether the two releases are comparable, as the number of respondents for February 2022 (4,102 respondents) had declined significantly by February 2024 (2,700 respondents).
The source adds that respondents did not provide information on the exact number of respondents per country.
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Salesforce Research. (February 7, 2024). Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/
Salesforce Research. "Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024." Chart. February 7, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/
Salesforce Research. (2024). Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/
Salesforce Research. "Share of Companies That Accept Selected Digital Payments for All Types of E-commerce in Singapore as of February 2024." Statista, Statista Inc., 7 Feb 2024, https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/
Salesforce Research, Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024 Statista, https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/ (last visited November 18, 2024)
Share of companies that accept selected digital payments for all types of e-commerce in Singapore as of February 2024 [Graph], Salesforce Research, February 7, 2024. [Online]. Available: https://www.statista.com/statistics/1372528/implementation-plans-of-digital-payment-types-singapore/
