US EditionDigital Wallets Overtake Credit Cards as Top E-Commerce Payment Method in Singapore - Fintech Singapore
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Digital Wallets Overtake Credit Cards as Top E-Commerce Payment Method in Singapore - Fintech Singapore
In the past decade, digital wallet adoption in Singapore has surged, overtaking long-standing payment methods such as credit cards and cash as the preferred payment method. According to Worldpay’s Global Payments Report 2025, digital wallets now lead e-commerce transactions and are the second most-used payment method for point-of-sale (POS) transactions, accounting for 39% of e-commerce transactions, and 29% of transaction value in 2024. The fig…
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