According to a survey conducted in February 2023, 50 percent of B2B companies based in Singapore used wire transfers for sending cross-border transactions. In comparison, about the same percentage opted for bank transfers, while the preference rate for cash was extremely low, at three percent.
Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023
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Rapyd. (March 14, 2023). Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/
Rapyd. "Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023." Chart. March 14, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/
Rapyd. (2023). Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/
Rapyd. "Most Used and Preferred Methods for Sending Cross-border Payment among B2b Companies in Singapore in 2023." Statista, Statista Inc., 14 Mar 2023, https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/
Rapyd, Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023 Statista, https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/ (last visited December 22, 2024)
Most used and preferred methods for sending cross-border payment among B2B companies in Singapore in 2023 [Graph], Rapyd, March 14, 2023. [Online]. Available: https://www.statista.com/statistics/1480588/singapore-popular-methods-to-send-cross-border-b2b-payments/
