Payments Landscape in Singapore: Opportunities and Risks byDBS Bank, United Overseas Bank, OCBC Bank, Citibank, Standard Chartered Bank, HSBC, Maybank, NETS, Visa, Mastercard, American Express, Diners Club, China UnionPay, JCB

GlobalData’s "Payments Landscape in Singapore: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Singaporean cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2014-18e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

Get Sample Copy of this Report@ https://www.orbisresearch.com/contacts/request-sample/2495640

Scope:
- In November 2017 the Singapore Payments Council announced the development of SGQR, a common standard for QR code payments that is designed to work across all schemes, e-wallets, and banks in the market. The new payment system - which was developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Info-communications Media Development Authority - was officially launched in September 2018. For consumers the new standard means that any QR code-based service they choose should be able to be used at any merchant, simplifying the purchasing experience and thus boosting electronic and mobile payments.
- Contactless has become a mainstream payment method in Singapore, with banks, retailers, transport systems, and universities embracing the technology. Banks in Singapore have been at the forefront, with DBS Bank, United Overseas Bank (UOB), OCBC Bank, Citibank, and Standard Chartered Bank all offering contactless cards. On November 30, 2018 the Land Transport Authority expanded the trial of its account-based ticketing system for contactless public transport payments to Visa and NETS. The system enables users to tap their contactless credit or debit card on bus or MRT fare readers to pay for public transport. The NETS pilot will be open to users with a NETS contactless bank card from DBS Bank/POSB Bank, OCBC Bank, or UOB. The system has already been tested with Mastercard in a pilot project that involved more than 100,000 participants, with over 26 million trips made using the new system.
- To offer instant payments, peer-to-peer (P2P) fund transfer service PayNow was launched in July 2017. The service is available to customers of Citibank, DBS Bank/POSB Bank, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, UOB, Bank of China, and ICBC. Customers of these banks can send and receive Singapore dollar funds from one bank to another instantly through Fast and Secure Transfers (FAST), using just their mobile number or National Registration Identity Card number. In addition, in August 2018 PayNow Corporate was launched for businesses. The service enables businesses to pay and receive funds in domestic currency instantly by linking their respective Unique Entity Number to their Singapore bank account. To further enhance the customer experience, a QR code option is also available to give businesses more channels through which to receive payments.

Direct Purchase this Report@ https://www.orbisresearch.com/contact/purchase/2495640
Key Players:
• DBS Bank
• United Overseas Bank
• OCBC Bank
• Citibank
• Standard Chartered Bank
• HSBC
• Maybank
• NETS
• Visa
• Mastercard
• American Express
• Diners Club
• China UnionPay
• JCB

Reasons to buy:
- Make strategic business decisions, using top-level historic and forecast market data, related to the Singaporean cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Singaporean cards and payments industry.
- Assess the competitive dynamics in the Singaporean cards and payments industry.
- Gain insights into marketing strategies used for various card types in Singapore.
- Gain insights into key regulations governing the Singaporean cards and payments industry.

This report provides top-level market analysis, information and insights into the Singaporean cards and payments industry, including -
- Current and forecast values for each market in the Singaporean cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis.
- Analysis of various market drivers and regulations governing the Singaporean cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Make an Inquiry before Buying this Report@ https://www.orbisresearch.com/contacts/enquiry-before-buying/2495640

Key Points from TOC:
Market Overview
Executive Summary
Card-based Payments
Merchant Acquiring
E-commerce Payments
Mobile Proximity Payments
P2P Payments
Bill Payments
Alternative Payments
Payment Innovations
Payments Infrastructure & Regulation
Appendix

Get More Information about this Report@ https://www.orbisresearch.com/reports/index/payments-landscape-in-singapore-opportunities-and-risks-to-2022

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +912064101019
Email id: sales@orbisresearch.com

This release was published on openPR.