Traditional payment methods like cash remain relevant in Singapore, but digital solutions—particularly mobile wallets, credit card storage, and peer-to-peer payment apps—are experiencing rapid growth. Approximately of respondents store credit card information on their phones. This practice enables seamless online and in-person transactions, making it easier for individuals to make quick purchases. Regarding peer-to-peer payments, of respondents have used payment apps like Venmo, while a smaller group has transferred money to friends through social media platforms like Facebook or Snapchat. However, the relatively low usage of mobile wallets suggests that many are still in the early stages of adopting this payment method.
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