Singapore
Singapore’s payment landscape in 2026 is shaped by real-time bank transfers and digital wallets. Local bank transfers and e-wallets account for around 86% of transaction volume, outpacing traditional credit and debit cards. For merchants, prioritizing PayNow integration is key to reaching consumers and unlocking growth in this advanced digital market.
*Data is for Codapay in the period of 1st Oct 2024 - 30th Sep 2025
Impact figures
68%
Android users
32%
iOS users
41.7%
Credit & Debit Card ownership
276.8M
App downloads in 2025
474M
App revenue (USD) in 2025
Insights
Digital wallets
Singapore is a dominant Android market reducing the efficacy of Apple Pay to some degree in enabling online payments.
Cards
Credit & Debit cards have moderate penetration in-market, making redundant payment options strategically valuable for maximizing conversion.
Coda as your Merchant of Record
We handle payments, compliance, and complexity, so you can move faster.
Stay compliant automatically
Taxes, regulations (including PCI-DSS compliance), and reporting handled for you.
Reduce risk and operational overhead
Cross-border settlement, FX complexities, payouts, all managed end-to-end.
Fraud protection
Full fraud management with everything from risk mitigation to chargebacks and dispute resolution.
Related payment methods
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