1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
  5. > Consumer Payments Country Snapshot: Singapore

Consumer Payments Country Snapshot: Singapore

  • February 2015
  • -
  • GlobalData
  • -
  • 30 pages

Summary

Table of Contents

Summary
Singapore has one of the most developed payment card systems in Asia Pacific. With one of the highest card penetration rates in Asia Pacific, the country's payment card market is set to grow at a steady rate - influenced by a push by relevant authorities, issuers, and schemes to increase acceptance and roll out emerging payment capabilities.


Synopsis
- Futureproof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Singapore.
- Target consumers with inside knowledge of their true behaviors and attitudes with detailed analysis from our proprietary insight.
- Learn about the threat new payment technologies pose to the payment card space, and how these developments will influence market dynamics.

Reasons To Buy
- How do Singaporean consumers use their payment tools, and how has this changed in recent years?
- Which players are key in the debit, credit, and charge card spaces? How are they adapting to changes within the wider market?
- How extensive are mobile, online, and contactless payments and where does future growth lie?

Key Highlights
While payment card numbers continue to rise, this will not translate to increased usage and transaction value. The market requires a boost in acceptance of payment cards, especially in the SME space.

While a significant proportion of contactless payment card holders have a positive attitude towards contactless payments, some are concerned about security issues. Providers will need to provide further education and assurances.

Although mobile proximity payments are at an early stage of development in the Singaporean market, a significant number of consumers are ready to adopt them. On the other hand, the market is waiting for clarity on mobile proximity payment standards before providers start to roll out this format to the mass market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Consumer Payments Country Snapshot: Taiwan 2017

Consumer Payments Country Snapshot: Taiwan 2017

  • $ 3450
  • Industry report
  • February 2017
  • by GlobalData

Summary Taiwan has a very unique payment card environment compared to most other markets. While the infrastructure is in place, with Visa and Mastercard introducing contactless payment capabilities from ...

Consumer Payments Country Snapshot: Sweden 2016

Consumer Payments Country Snapshot: Sweden 2016

  • $ 3450
  • Industry report
  • December 2016
  • by GlobalData

Summary Sweden has the potential to become the world's first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. ...

Consumer Payments Country Snapshot: France 2016

Consumer Payments Country Snapshot: France 2016

  • $ 3450
  • Industry report
  • November 2016
  • by GlobalData

Summary The French consumer payments market is unlike many other developed markets in the Western world in that card holding is low, with fewer payment cards than people in 2015. France has a highly developed ...


Download Unlimited Documents from Trusted Public Sources

Payments Industry in the UK - Forecast

  • February 2017
    39 pages
  • Payments  

  • United Kingdom  

    Europe  

View report >

Mobile Payment Industry in Australia - Forecast

  • February 2017
    54 pages
  • Mobile Payment  

    Wallet  

  • Australia  

View report >

Debit Card Industry in the UK

  • January 2017
    137 pages
  • Debit Card  

    Credit Card  

  • United Kingdom  

    Europe  

    Ireland  

View report >

Payments Statistics

3 months ago

Related Market Segments :

Store Card
Debit Card
Mobile Payment

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.