Card payments market to hit $158b in 2023

Submitted By:  Staff Reporter Case Study:  No Credit cards took the lion’s share in market value at 60% in 2019. Singapore’s card payments market is set to reach $158b (US$116b) in 2023 from S111.9b (US$82.1b) in 2019, according to a GlobalData report. The government’s cashless efforts alongside rising consumer awareness and a better payment structure spurred growth, with the average Singaporean holding more than three cards. read more