Credit cards and debit cards continue to dominate the card payments landscape in Singapore, with charge cards lagging far behind in terms of volume and current value transactions, and set to see only low growth in 2024. The primary reason for this is the limited merchant acceptance of charge cards, such as those issued by American Express (Amex) and Diners Club, compared with the widespread acceptance of Visa and Mastercard in Singapore. This lack of broad acceptance makes charge cards less prac...
Euromonitor International's Charge Card Transactions in Singapore report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Charge Card Transactions, Personal Charge Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Charge Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Charge Cards in Singapore
Euromonitor International
November 2024
List Of Contents And Tables
CHARGE CARDS IN SINGAPORE
KEY DATA FINDINGS
2024 DEVELOPMENTS
Traction remains low for charge cards in Singapore due to limited merchant acceptance
Commercial charge cards struggles to achieve growth due to competition from other payment methods
American Express expands its member benefits to attract a wider audience
PROSPECTS AND OPPORTUNITIES
Limited merchant acceptance will continue to limit growth for charge cards in Singapore
Competition from credit cards is accelerating
Businesses likely to prefer payment methods other than charge cards
CATEGORY DATA
Table 1 Charge Cards: Number of Cards in Circulation 2019-2024
Table 2 Charge Cards Transactions 2019-2024
Table 3 Charge Cards in Circulation: % Growth 2019-2024