Singapore cements wealth hub status with $92b digital payments: report

The firm noted that Singapore is home to approximately 242,400 millionaires, placing it fourth globally. 

Singapore’s digital finance infrastructure continues to scale, with digital payment transactions exceeding $92.0b in 2025 and cross-border settlements averaging US$47.0b daily, according to figures cited by Noah ARK from Shicheng News.

In a release by ARK Global Market Watch and Noah ARK, Singapore’s overall appeal to high-net-worth individuals (HNWIs) was framed as increasingly strategic.

The firm cited data from Henley & Partners and New World Wealth showing that Singapore is home to approximately 242,400 millionaires—placing it fourth globally—and has experienced over 60% growth in its millionaire population since 2015.

Singapore’s “sea-land-air” infrastructure was also highlighted as a competitive advantage, with the Port of Singapore, Changi Airport, and over 100 international air routes enabling efficient flows of goods, capital, and people.

Tax and legal structures were cited as further strengths. The country operates under a common-law system, offers strong intellectual property protection, and maintains a pro-business regulatory environment.

Key tax features noted in the release include a flat 17% corporate tax rate (with tiered exemptions for startups), personal income tax rates ranging from 0% to 24%, and no estate, gift, capital gains, or dividend tax. Singapore also has more than 50 tax treaties covering over 100 jurisdictions.

The firm described a Singapore identity—via residency or citizenship—as a long-term asset offering access to healthcare and education (supported by the CPF system), global mobility, and resilience against geopolitical and currency risks.