Real-Time Digital Payments Volume Surges 48% in Singapore
Singaporeans are moving away from paper-based payments and embracing real-time digital payments and mobile wallets, a shift that has accelerated with COVID-19, a new report by ACI Worldwide Real-Time Payments and GlobalData says. 2021 Prime-Time for Real Time, a global report tracking and analyzing real-time payments across 48 global markets, shows that real-time transactions volumes and values have jumped significantly over the past years in Singapore and are further expected to grow. In 2020, total real-time transactions reached 138.38 million, up a staggering 48% from 93.24 million in 2...
Source: fintechnews.sg
