Market Research Report Singapore Consumer Payments Industry Report 2017

Singapore Consumer Payments Industry Snapshot
and Market Report 2017
Market Research Hub (MRH) has recently announced the addition of a fresh report,
titled “Consumer Payments Country Snapshot: Singapore 2016” to its report
offerings. This report examines the consumer payments market in Singapore,
considering payment cards, online payments, P2P payments, and newer payment
technologies such as mobile wallets and contactless. This report also examines the
main regulatory players in the Singaporean market.
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Singapore has a very well-developed payments system, with strong penetration of
all forms of payment cards and healthy growth over the past few years. However,
due to the mature nature of the market issuance is set to plateau going forward.
Providers will need to shift their focus to encouraging increased use of payment
cards, which will be crucial in driving consumers away from cash, which remains
popular in the country.
This report examines the consumer payments market in Singapore, considering
payment cards, online payments, P2P payments, and newer payment technologies
such as mobile wallets and contactless. This report also examines the main
regulatory players in the Singaporean market.
- Analyzes consumer attitudes to financial services by lifestage.
- Analyzes the major payment card types in terms of both card holding and usage.
- Identifies the major competitors in card issuing and how their position in the market
has changed over the last five years.