Credit Cards in Singapore

In 2025, credit cards in Singapore saw a rise in the number of cards in circulation, driven by a combination of strong consumer demand and a well-established digital payments infrastructure. The Monetary Authority of Singapore (MAS) reported that credit card debt saw a double-digit increase in Q1 2024 to reach SGD14.6 billion. Such growth reflects an increased reliance on credit cards for everyday transactions, especially as consumers continue to shift away from cash.

This Credit Card Transactions 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: Commercial Credit Card Transactions, Personal Credit Card Transactions.

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

Why buy this report?

• Get a detailed picture of the Credit Card Transactions 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.