According to a survey conducted in February 2023, 42 percent of B2B companies based in the Singapore used wire transfers for cross-border transactions. About the same percentage opted for bank transfers. However, the preference rate for eChecks was extremely low, at four percent.
Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023
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Rapyd. (March 14, 2023). Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/
Rapyd. "Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023." Chart. March 14, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/
Rapyd. (2023). Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/
Rapyd. "Most Used and Preferred Methods for Receiving Cross-border Payment among B2b Companies in Singapore in 2023." Statista, Statista Inc., 14 Mar 2023, https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/
Rapyd, Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023 Statista, https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/ (last visited November 22, 2024)
Most used and preferred methods for receiving cross-border payment among B2B companies in Singapore in 2023 [Graph], Rapyd, March 14, 2023. [Online]. Available: https://www.statista.com/statistics/1480578/singapore-popular-methods-for-receiving-cross-border-b2b-payments/
