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Singapore

SG · SGP · 702Asia-PacificSGD S$33 methods

3 sources

Singapore's e-commerce market is worth US$7 billion in 2022, growing to US$12 billion by 2027.

$7 bn
e-commerce spend
5.4M
online population
11%
of total retail
53%
cross-border spend
98%
banked adults
67%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Card53%
  • E-Wallet32%
  • Bank Transfer9%
  • Other5%
  • Cash1%

Methods in use

top 8 of 33
All 33 methods in Singapore →

Checkout behaviour

Local card schemes account for 48% of card transactions — well above the global average — primarily through NETS.

E-wallets are used in 32% of online transactions, led by GrabPay, PayNow, and DBS PayLah.

79%
shoppers buying cross-border
$4 bn
cross-border value
11%
e-commerce of retail
Facts
ISO 3166
SG · SGP · 702
Region
Asia-Pacific
Population
5.9M
Currency
SGD S$
Banked adults
98%
Methods live
33
Banks covered
46
Largest banks
Compare with
New ZealandMalaysiaPhilippinesVietnam
Sources
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