The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreNov 2020
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With the spread of COVID-19 locally and reports about the ability of the virus to survive on surfaces for days, consumers were becoming increasingly cautious about handling cash and using PIN number pads as they were seen as being possible media for virus transmission. There has therefore been a rise in contactless credit card usage, as it is seen as offering a safer and more convenient method of payment at retail outlets.
The impact on transaction volume has been cushioned by the contactless benefits offered by credit cards, but average spend per transaction is expected to take a hit in 2020, with the double-digit decline in transaction value. With the uncertain economic climate, consumers are being put off making big-ticket purchases, such as electronics or furniture, which would traditionally be made through a low or no-interest credit card loan.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Credit Card Transactions industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Credit Card Transactions in Singapore market research report includes:
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Euromonitor’s industry reports, including Credit Card Transactions in Singapore, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.