2025新加坡B2B支付实践趋势报告

B2B paymentpractices trendsSingapore 2025 In this report About the AtradiusPayment Practices Barometer The Atradius Payment Practices Barometer is an annual survey ofbusiness-to-business (B2B) payment practices in markets across theworld. Our survey gives you the opportunity to hear directly from businessestrading on credit with B2B customers about how they are coping withevolving trends in customer payment behaviour. Staying informedabout these trends is vital because it helps to identify emerging shifts incustomer payment habits, allowing businesses to address potentialliquidity pressure and maintain smooth operations. Businesses operating in – or planning to enter – the markets andindustries covered by our survey can gain valuable insights from ourreports, which also shed light on the challenges and risks companiesanticipate in the coming months, as well as their expectations for futuregrowth. This report presents the survey results forSingapore. The survey was conducted during the second half of Q2 2025.Findings should therefore be viewed with this in mind. B2B paymentpractices trends Strengthening liquidity amid growingawareness of B2B payment risks A positive shift in the domestic business-to-business (B2B) creditlandscape is revealed in our latest survey of companies inSingapore. Three in five firms report improved customer paymentbehaviour in recent months, and overdue invoices currently affectan average 35% of all B2B sales transacted on credit. Latepayments are largely attributed to customer liquidity issues andinvoice disputes. In contrast, there is a surge in bad debt toaverage 6% of B2B invoices, losses which erode margins and pointto underlying financial vulnerability. This may explain why 50% of companies in Singapore arechoosing not to expand trade credit to their B2B customers.However, our survey shows that businesses which do offer moretrade credit also implement stricter payment policies in parallel.This is to try to balance customer support with credit riskcontainment. Currently, 54% of B2B sales are made on credit, andthere is an average payment term of 46 days. Businesses in Singapore are increasingly focused on workingcapital efficiency. More than 60% are intensifying collectionefforts, which is reflected in shorter Days Sales Outstanding(DSO). At the same time, faster inventory turnover is unlockingadditional liquidity, improving operational flexibility. However, thisliquidity is under pressure from suppliers, many of whom are nowrequesting faster payments. This trend, evident in Days PayableOutstanding (DPO) data, signals liquidity strain within supplychains and an attempt by suppliers to shore up their own cashpositions. To finance trade activity three in five businesses prefer invoicefinancing due to its ability to turn receivables into cash quickly.42% of firms in Singapore combine internal provisioning withoutsourced credit risk management, including insurance, tomitigate customer payment risk and enhance financial resilience.These dynamics highlight that Singapore’s corporate sector is stillcarefully balancing growth, risk, and liquidity, suggesting that astrong focus on working capital and customer payment riskmanagement will remain vital. Key figures and charts Singapore Singapore % of the total value of B2B invoices paid on time,overdue and bad debts What are the top 4 reasons your B2B customers payinvoices late? (change vs. 2024) (% of respondents - multiple response) Customer’s liquidity issues Invoice disputes Operational constraints Supply chain disruptions Sample: all survey respondents Source: Atradius Payment Practices Barometer Singapore – 2025 Source: Atradius Payment Practices Barometer Singapore – 2025 Singapore Singapore % of respondents reporting changes in Days SalesOutstanding (DSO)* over the past 12 months What are the main sources of financing that yourcompany used during the past 12 months? (% of respondents - multiple response) (% of respondents) 74% Invoice financing58% Internal funds39% Bank loans33% Trade credit *average amount of time to collect payment after a sale Source: Atradius Payment Practices Barometer Singapore – 2025 Looking ahead Anxiety over global economy prompts subduedoutlook for sales and profits 73% of companies across industries in Singapore tell us theyexpect the rate of B2B customer insolvencies to continue atcurrent levels as they look to the remainder of the year andbeyond. This is an indication that many businesses foresee nosubstantial improvement in the financial health of their B2Bcustomers during the coming months. Against this backdrop,most companies expect greater challenges in managing workingcapital, leading to an increased focus on tighter paymentcollection to reduce cash flow delays. This probably explains why 62% of firms are optimistic they willshorten their Days Sales Outstanding (DSO), reflecting a proactiveapproach to maintaining liquidity through swifter receivablesturno