Singapore | Aurato

Singapore
`mkt_sg`

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PayNow addresses Singapore bank transfers by mobile number or business identifier over FAST, while SGQR brings payment brands into shared merchant acceptance. Cards and wallets remain part of a highly connected Singapore-dollar market whose population was 6.1 million in 2025.

Population

6.1M

GDP

$604B

GDP per Capita

$99K

GDP Growth

5.0%

Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Singapore

At Singapore's hawker stalls, cash coexists with a strong shift toward cards and payments made by scanning QR codes. PayNow and SGQR give everyday sellers bank-linked alternatives, extending electronic checkout without a card terminal.

ATMs (PER 100K)

45.3

BANKS (PER 100K)

5.8

DEBIT CARDS (PER ADULT)

2.7

CREDIT CARDS (PER ADULT)

1.3

Compare

IMF, Financial Access Survey (FAS), 2025