Singapore country report PPRO
All countries

Payment methods in Singapore

Here are the top takeaways you need to know about Singapore’s e-commerce market:

  • By 2027, the e-commerce market in Singapore will be worth US$12 billion, up from US$7 billion in 2022, in a city state with a population of just 5 million.
  • Singaporean online shoppers complete 65% of their e-commerce transactions using a mobile device such as a tablet or smartphone.
  • The average Singaporean online shopper spends more than US$1,453 online each year, set to rise to US$2,195 by 2027.
  • Popular payment methods in Singapore include Grab Pay, Apple Pay and Samsung Pay, along with various types of bank-transfer apps.
  • Singaporeans use digital payment methods in almost half of all online transactions, with e-wallets alone used in a third of all purchases.
Online Population
B2C E-commerce
Banked Population
Credit Card Population
E-commerce of Total Retail

Payment Method Breakdown

  • Card 53%
  • Cash 1%
  • Bank Transfer 9%
  • E-Wallet 32%
  • Other 5%
[{"label":"Card","value":"53"},{"label":"Cash","value":"1"},{"label":"Bank Transfer","value":"9"},{"label":"E-Wallet","value":"32"},{"label":"Other","value":"5"}]

Popular payment methods

Card Scheme Breakdown

  • Visa 27%
  • Mastercard 19%
  • American Express 3%
  • Local schemes 48%
  • Other 3%
[{"label":"Visa","value":"27"},{"label":"Mastercard","value":"19"},{"label":"American Express","value":"3"},{"label":"Local schemes","value":"48"},{"label":"Other","value":"3"}]

Cross-Border E-Commerce


Online shoppers who have shopped cross-border


Cross-border proportion of total e-commerce

4 bn $US

Value of cross-border e-commerce

Top cross-border shopping origin markets