In 2023, the volume of fast and secure transfers (FAST) in Singapore amounted to around 380 million transactions. This figure represents a significant increase in transactions from the previous year, and continued growth since the launch of the service. FAST is a domestic real-time payment scheme launched in 2014, that enables customers of the participating banks to transfer Singapore dollar funds from one bank to another almost instantly.
Volume of FAST transactions in Singapore from 2015 to 2023
(in millions)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
MAS. (June 5, 2024). Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) ." Chart. June 5, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. (2024). Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) . Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS. "Volume of Fast Transactions in Singapore from 2015 to 2023 (in Millions) ." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/
MAS, Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) Statista, https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/ (last visited November 22, 2024)
Volume of FAST transactions in Singapore from 2015 to 2023 (in millions) [Graph], MAS, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1325967/singapore-fast-transactions-volume/