The Republic of Singapore, is a southeast Asian city-state off the southern tip of the Malay Peninsula. Link to external site : Website for Singapore |  |
| Wallets | |
| Development | Developed |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
161,347.39 Register/Log In |
| HDI classification | Very High |
| Mobile Connections (m) |
7.744 Upgrade to Bronze |
| Currency | SGD |
| Class | |
| CountryISO | SG |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["SG",5.2,111]],"options":{"title":"Countries","region":"SG","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["SingTel",3500000],["StarHub",2205000],["M1",2030000],["Grid Communications",9498]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",2442500],["Q4 2001",2847000],["Q4 2002",3245000],["Q4 2003",3477000],["Q4 2004",3861000],["Q4 2005",4258000],["Q4 2006",4639000],["Q4 2007",5619000],["Q4 2008",6338000],["Q4 2009",6857000],["Q4 2010",7169739],["Q4 2011",7525208],["Q4 2012",7812568],["Q4 2013",8038051],["Q4 2014",8213763]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Agent",1],["Branch",1],["Location",1],["Mobile",11],["Web",3]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",4],["Bank",6],["MNO",1],["PSP",1],["Scheme",1],["TechWeb",2],["Vendor",2]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["Hub",2],["MB",1],["MM",1],["MP",2],["MW",3],["NFC",1],["Tech",1],["VC",1]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Anon",2],["BB",1],["CICO",1],["Card",1],["DMT",6],["DP",1],["DW",2],["Hub",1],["IAT",1],["IMT",2],["LP",2],["LVP",2],["MB",1],["MP",6],["MW",1],["NFC",2],["OP",1],["PaySys",2],["Transport",2],["VC",1],["WhiteLabel",1]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",6],["Card",4],["NFC",3],["PC",1],["Wallet",7]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Common Upgrade to Bronze |
| Legal System |
English common law Upgrade to Bronze |
| Law is based on |
Based on English common law , but Muslims are subject to the Administration of Muslim Law Act, which gives the Syariah Court jurisdiction over Muslim personal law Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
MNO Led Upgrade to Bronze |
| E-Money |
E-money allowed for non-banks as per cpss Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",185.93],["Banked",98],["Internet",59],["Urban",100],["Adult",82],["Literate",94.4321]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 5.20 |
| Adult % | 82.00 |
| Migrants % |
40.00 Register/Log In |
| Stock Immigrants ('000) |
1,966.90 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
19.10 Upgrade to Bronze |
| Urban % | 100.00 |
| Female % | 55.80 |
| Literate % | 94.43 |
| Annual Growth % |
| Mobile Penetration % | 185.93 |
| Banked % | 98.00 |
| Access to FS % | 0.00 |
| Internet % | 59.00 |
| Branches per 100k adults | 10.97 |
| ATMs per 100k adults | 50.64 |
| POS per 100k adults | 1,886.56 |
| Prepaid % | 48.60 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.10 |
| Monthly ARPU |
36.00 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mobile Payment Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |