Key Market Indicators
The number of bank accounts in Singapore is expected to surge to nearly $19 billion by 2026, up from $17.45 billion in 2021. This is an increase of 1.3% annually, according to a compound annual growth rate (CAGR). Since 2012, demand for bank accounts in Singapore has grown at a rate of 2.8% year on year. In 2021, the country was ranked 15th globally. Belgium overtook Singapore with $17.45 billion, while Japan, the United States and Switzerland respectively ranked second, third and fourth.
Singapore Banking Innovation Articles
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Navigating the Fintech Revolution: Investment Banks’ Strategic Shifts
Apr 29th 2025
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Mastercard and Ondo Finance Revolutionize Banking with Real-World Asset Tokenization
Mar 25th 2025
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Shaking Up the Financial World: Euroclear and Microsoft’s Game-Changing Partnership
Feb 16th 2025
