Singapore, a city-state in Southeast Asia known for its economic prowess, has a highly digitalized financial system. Singaporeans are early adopters of technology and embrace cashless transactions. Contactless payments, mobile banking, and digital wallets are widely adopted, and the country is a leader in financial innovation. Singapore boasts a highly developed and largely cashless payment system. Credit and debit cards are widely accepted, with contactless payments being nearly ubiquitous. Mobile payment solutions (PayNow, Apple Pay, Google Pay) are extensively used, reflecting the high level of digital literacy and sophisticated digital infrastructure. Online banking is extremely prevalent, and electronic transfers are standard for various transactions. Cash is increasingly rare, used primarily for smaller transactions or specific situations. The government actively promotes digitalization initiatives, ensuring a secure and efficient payment environment.
Estimated Population
5.9 million
Currency
Singapore dollar (SGD)
All supported payment methods for Singapore:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
