Credit financed 46.4% of Singapore's business-to-business sales

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. read more