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Discover the analysis on Singapore credit card market share to 2021

Financial Services Market Research

Singapore Cards and Payments Market - By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATM's), By Payment Instruments (Credit Transfers, Direct Debit, Cheques and Payment Cards) - Transaction Value, Volumes, Historical Trends, Analysis and Forecasts (2017 -2021)

Singapore payment cards are majorly categorized into debit cards, credit cards and prepaid cards. As of now, debit cards lead the market with close to 86% of the transaction values.

The market is close to its saturation with hefty competition and banks like DBS, OCBC and UOB leading from the front. The rapid changes in customer preferences are pushing the banks and card issuers to concentrate more on innovative services than products.