支付的状态2026

Shifts redefining Singapore's payment ecosystem Foreword3 Connect with us Foreword Over the past decade, Singapore hastransformed its payments ecosystem into oneof the most advanced, resilient and trusted in theworld. The Payments' State of Play 2026 reportreflects how far Singapore’s payments ecosystemhas progressed, driven by innovation, a strongregulatory framework, and close collaborationbetween the public and private sectors. At the As the global finance landscape evolves,Singapore emerges as a leader in the paymentsindustry. This report, Payments' State of Play2026, explores Singapore's development fromfoundational infrastructure to its current The development of Singapore’s paymentsecosystem is underpinned by progressiveregulations and strong public-private partnerships.With the adoption of technologies like real-timepayments, digital wallets, blockchain and artificial As the national FinTech association forSingapore, the Singapore FinTech Association(SFA) plays a pivotal role within this ecosystem.Working closely with policymakers and industrystakeholders, SFA fosters ongoing dialoguesbetween regulators and FinTechs, bridgesstrategy and execution, and helps surface real-world insights from across the payments valuechain. Initiatives such as the Payments Leaders This report highlights significant milestones,including the implementation of instant paymentsystems such as PayNow and FAST, theexpansion of mobile wallets as well as theestablishment of cross-border payment links Challenges such as the rise in fraud and scamsaccompanying the growth in digital transactionsremain a focus. This necessitates robust securitymeasures, heightened awareness, and ongoingcooperation among regulators, financialinstitutions and technology providers. As a The report also highlights the growing complexityof today’s payments landscape. As digitalpayments, wallets, stablecoins and embeddedfinance become increasingly mainstream,safeguarding trust requires a shared responsibility Looking ahead, Singapore’s payments sector ispoised for stronger growth momentum driven byembedded finance, super apps and AI-poweredsolutions. By fostering continual innovation andcollaboration, Singapore is well-positioned to bothaddress evolving challenges and capitalise on As we enter the next phase of paymentsdevelopment, advances in generative AI,programmable money, and real-time cross-borderpayment rails will further accelerate the movetowards a borderless, secure and fully digitalpayments future. By continuing to work closely Holly Fang Wong WanyiFinTech LeaderPwC Singapore PresidentSingapore FinTech Association Singapore paymentslandscape: Singapore payments landscape: A decade of redefining possibilities Singapore’s payments industry has evolved from conventional banking system toa global leader in digital finance, driven by strong regulatory frameworks,technological advancements, and consumer demand for seamless payment Phase 1: Early development and infrastructure buildingIn the mid-1980s, Singapore focused on establishing foundational payment infrastructure with systems such as the Inter-bank GIRO and NETS’ EFTPOS,enabling recurring bill payments from bank accounts and allowing consumersto pay merchants using ATM cards, respectively. From the mid-1990s to early 2000s, stored valued cards like the EZ Link cardfor public transport and the NETS Cashcard for road tolls and parking wereintroduced. These developments paved the way for the early adoption of contactless cardpayments and mobile banking apps, shifting consumer behaviour towardsdigital payments. Phase 2: Digital transformation and cashless payments Singapore has seen a surge in cashless payments driven by initiatives likePayNow, FAST (Fast And Secure Transfers), and the Singapore QuickResponse Code (SGQR). Some92%of Singaporeans have used a digitalpayment method in the one year through November 2025.1This widespreadadoption is supported by high banking and smartphone penetration, along withclear Monetary Authority of Singapore (MAS) regulations under the Payment 92% of Singaporeanshave used adigital paymentmethod in the Real-time payments (RTPs)transaction volumes acrossAsia-Pacific are projected todouble from49.2 billionin 2022to96.2 billionby 2027, with The gross merchandise value(GMV) of the city-state’s digitaleconomy is estimated to rise fromUSD29 billionin 2024 to betweenUSD40 billionandUSD65 billionby 2030.1 Singapore payments landscape: Phase 3: Over70% The road ahead Purpose Bound Money (PBM) tokens and blockchain-based solutions arebeing trialled for secure and programmable payments. By 2027, Singapore’s e-commerce sales are projected to reachUSD14 billion,nearly double the amount from the beginning of the decade.3 of SoutheastAsia’s non–USDstablecointransactionvolume peggedto SGD in Q2 MAS is expected to strengthen consumer protections for Buy Now, Pay Later(BNPL) services and cryptocurrency payments to ensure sustainable growth.