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Consumer Credit in Singapore

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    Report

  • 14 Pages
  • November 2023
  • Region: Singapore
  • Euromonitor International
  • ID: 5910642
Following the pandemic, card lending, contributing to over 60% of consumer credit gross lending in Singapore, has witnessed significant growth, largely propelled by the enduring trend of revenge travel. The resumption of travel and tourism activities in numerous countries across the Asia Pacific region has led to a rapid upsurge in travel expenditure, consequently driving the overall expansion of card lending as well as consumer credit in Singapore.

The Consumer Credit in Singapore report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Consumer Credit market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

CONSUMER CREDIT IN SINGAPOREKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Card lending soars as revenge travel boosts consumer credit landscape
  • Buy Now Pay Later sustains its popularity, revolutionising payment and lending options and expanding partnerships
PROSPECTS AND OPPORTUNITIES
  • Digital banks disrupt consumer credit with innovative offerings and expanding product range
  • Government initiatives and digitalisation drive disruptions in Singapore’s consumer credit landscape amid regulatory constraints
CATEGORY DATA
  • Table 1 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
  • Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 3 Consumer Credit: Gross Lending by Category: Value 2018-2023
  • Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
  • Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
  • Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
  • Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028
CONSUMER LENDING IN SINGAPORE
EXECUTIVE SUMMARY
  • Consumer lending in 2023: The big picture
  • 2023 key trends
  • High interest rates raise concerns over mortgages/housing costs, impacting consumer sentiment
  • Buy Now Pay Later continues to gain popularity among younger generation with expanded partnerships across the retail payment ecosystem
  • What next for consumer lending?
MARKET DATA
  • Table 9 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
  • Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
  • Table 11 Consumer Lending: Gross Lending by Category: Value 2018-2023
  • Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
  • Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
  • Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
  • Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
  • Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
  • Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources