(May 24 14:27) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
Businesses actively opt for trade credit as part of ‘common practice’.
After a steep decrease from 54.5% in 2016, the average proportion of B2B sales in Singapore made on credit increased again in 2018 to 46.4%, Atradius revealed. Only transactions in the country reported higher use of trade credit amongst Asia Pacific countries (down from 45.9% in 2017 to 43.6%).
According to its Payment Practices Barometer, Singapore businesses actively opt for trade credit because they are “common practice” for both their domestic and foreign B2B customers.
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