The strong recovery of Singapore’s tourism industry in 2024 is set to have a significant positive impact on credit card transaction volumes and current value transactions. International visitor arrivals are projected to reach 15-16 million in 2024, with tourism receipts estimated at between SGD26 billion and SGD28 billion, marking a return to near pre-pandemic (2019) levels. This resurgence in tourism has directly boosted consumer spending, particularly in areas such as hospitality, travel, and...
Euromonitor International's Credit 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 Credit Card Transactions, Personal Credit 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 Credit 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.
Credit Cards in Singapore
Euromonitor International
November 2024
List Of Contents And Tables
CREDIT CARDS IN SINGAPORE
KEY DATA FINDINGS
2024 DEVELOPMENTS
Strong growth in international visitor arrivals contributes to growth, spurred by an increase in entertainment activities
With the increasing competition, banks offer increasingly attractive rewards
The entry of non-traditional players, and the easy comparison of credit cards
PROSPECTS AND OPPORTUNITIES
The intensifying competition will benefit consumers and fuel growth in credit cards
Strong macroeconomic environment to fuel further growth in credit cards in Singapore
Cybersecurity and fraud prevention the topmost concerns of Singapore’s regulators
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2019-2024
Table 2 Credit Cards Transactions 2019-2024
Table 3 Credit Cards in Circulation: % Growth 2019-2024