Market Research Report Singapore Consumer Payments Industry Report 2017 | Page 2

- Considers consumer attitudes towards P2P tools, mobile payment tools, and
contactless cards, and how companies in China are deploying these tools to meet
customer needs.
- Explores the online payment market in Singapore by merchant type and payment
tool, as well as providing a five-year forecast for the development of the market.
Scope
- Payment card penetration has grown at a healthy pace, especially for credit cards.
With 92% of consumers owning a current account and 72% a credit card the market
has matured, and we expect to see very slow growth in both the debit and credit card
spaces going forward.
- High internet and smartphone penetration among Singaporean consumers has
positioned the market for strong growth in online commerce.
- Acceptance of contactless cards is high in Singapore, due in part to government
initiatives, but while consumers appreciate the benefits of the technology there is
little genuine enthusiasm.
Reasons to buy
- Understand the key facts and figures in the consumer payments market in
Singapore.
- Learn what trends drive consumer behavior at the macro level and plan your
strategy accordingly.
- Find out what products the major competitors are launching in the market.
- Discover consumer sentiments towards various payment tools in the Singapore
market and use this knowledge to inform product design.