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Over the last two observations, the transaction value is forecast to significantly increase in all segments. As part of the positive trend, the indicator reaches the maximum value for all three different segments at the end of the comparison period. Particularly noteworthy is the segment Mobile POS Payments, which has the highest value of 22.18 billion U.S. dollars.

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Transaction value of digital payments in Singapore from 2019 to 2028, by segment (in billion U.S. dollars)

Characteristic	Mobile POS Payments	Digital Commerce	Digital Remittances
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Digital Payments market segement is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). Transaction value equals money transfers out of the selected region.

Structure:

The three markets in Digital Payments include Digital Commerce, Mobile PoS payments, and Digital Remittances.

Additional Information:

The market comprises transaction values, average transaction value per user, users and user penetration rates. Transaction values in the Digital Payments market segment refers to consumer transactions made via the Internet or mobile wallets.

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