E-Commerce (Goods and Services) in Singapore

April 2021
USD 690
Request More Information

E-Commerce (Goods and Services) in Singapore - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Sharp uptake in proximity e-commerce within retailing and foodservice necessitated by COVID-19
Streaming services offer consumers a convenient avenue to keep themselves entertained during the pandemic
E-commerce categories related to tourism fare poorly amidst standstill in international travel

RECOVERY AND OPPORTUNITIES

Economic and travel recovery in the medium term expected to drive growth in discretionary spending
Buy-now-pay-later (BNPL) takes off amidst prudent economic outlook
Quick commerce thrives as consumers crave immediacy and are willing to pay

Digital Consumer in Singapore - Industry Overview

EXECUTIVE SUMMARY

COVID-19 has seen retailers and foodservice operators leverage remote and proximity e-commerce to enhance safety in-outlet
SGRediscovers campaign launched to support local tourism industry in recovery; online travel intermediaries engaged as booking partners
MAS awards digital full bank licences to Sea Ltd and Grab-Singtel consortium
Proximity mobile wallets as a remote e-commerce payments gateway
Cybersecurity labelling scheme launched to improve Internet of Things (IoT) security

E-COMMERCE IN THE REMOTE ENVIRONMENT

State of the Market
Leading Industries
Case Study: Shopee
Chart 1 Shopee Interface

E-COMMERCE IN THE PROXIMITY ENVIRONMENT

State of the Market
Leading Industries
Case Study: Network for Electronic Transfers Singapore (NETS)
Chart 2 Using SGQR at Hawker Centres in Singapore, facilitated by NETS’ Payment Infrastructure

SOURCES

Summary 1 Research Sources
Share:

NEW REPORT GUARANTEE

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page