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Singapore One Of World's Leaders In Mobile Wallet Adoption, Survey Says

May 14, 2016: 12:00 AM EST
In Singapore, 58 percent of consumers say they prefer paying for their in-store purchases with mobile wallets, such as Samsung Pay, Apple Pay, and Android Pay, according to Visa's 2015 Consumer Payment Attitudes Survey. Reasons cited by respondents for their preference for mobile payment systems include faster transactions for 71 percent; ease of use, 55 percent; and no need to have cash on hand, 47 percent. Also, the growing popularity of mobile payment systems is being driven by the country's high smartphone penetration rates.
Shubhi Tandon, "Singaporeans prefer to use mobile wallets to pay: Study", Digital Market Asia, May 14, 2016, © Digital Market Asia
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