Singapore leads Asia's adoption of in-app payment systems

The frequent use of transport apps could have boosted in-app payments.

Singapore leads Asia’s adoption of in-app payment systems at 19%, possibly due to the prevalence of transport apps such as Grab and Uber, Paypal revealed.

According to a study, Singapore is also the most knowledgeable towards in-app payments. About 29% are aware of in-app payments, compared to 25% in Indonesia.

About 49% use contactless credit cards, the highest in Asia. This was followed by Hong Kong at 19%.

However, 43% of Singaporeans still use cash, albeit significantly lower than 75% of India, the highest in the region.

Amongst Singaporeans, 100% have internet access and 98% own smartphones.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.