That’s the projected transaction value of digital payments in Singapore by 2030.
📲 Cashless capital: Transaction value is forecast to rise from $39.4B (2023) to $113.7B (2030), powered largely by Gen Z and millennials.
Adoption is already near-universal: ~98% of adults use digital wallets, and Singapore’s real-time payment rail FAST processed 500M+ transactions in 2024.
Singapore leads Southeast Asia not just in usage, but in funding too — payments investment exceeded Indonesia, Malaysia, the Philippines, Thailand and Vietnam combined, with volumes projected to hit $13.3B by 2032.
Free Guide
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
