Over the past decade, Singapore has seen a dramatic shift in how consumers pay — digital wallets now account for 39% of all online transaction value and nearly a third of point-of-sale spending, skyrocketing from just 7% and 1% respectively ten years ago. 

This surge has positioned Singapore as a leader in digital payment innovation across the Asia-Pacific region, fueled by a tech-savvy population and a robust digital infrastructure. 

But what’s really driving this rapid adoption? Is it simply the growing demand for convenience, or does this trend signal a deeper transformation that fintech investors should be watching closely? 

On Wealth Tracker, Hongbin Jeong speaks to Phil Pomford, General Manager, Global eCom, APAC, Worldpay, to find out more.

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