Cards lead SG's payments market in 2025 as wallets and A2A gain ground

It held 44% of e-commerce and 40% of POS spend.

Card payments in both e-commerce and point-of-sale (POS) transactions led Singapore’s payments market in 2025, accounting for 44% of e-commerce spend at $13.93b (US$10.8b) and 40% of POS spend at $70.95b (US$55b), according to a Global Payments report.

The report said cards remained the top payment method across both channels in 2025, whilst account-to-account (A2A) payments also expanded from a lower base through PayNow.

Digital wallets followed, accounting for 40% of e-commerce spend at $12.90b (US$10b) and 36% of POS spend at $63.21b (US$49b).

A2A payments accounted for a smaller share of the market but are projected to rise to 13% of e-commerce transaction value and 15% of POS transaction value by 2030.

The report placed Singapore within a regional shift towards real-time payment systems alongside Thailand and Malaysia.

Across Asia-Pacific, digital wallets accounted for 77% of online spend at $3.48t (US$2.7t) and 63% of in-person spend at $8.13t (US$6.3t) in 2025, the highest regional share globally.

(US$1 = SG$1.29)