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E-wallets yet to take off in Singapore: Worldpay report

E-wallets constitute only 10% and 4% of payments for online and offline purchases respectively

Published Mon, Nov 12, 2018 · 09:50 PM

Singapore

E-WALLETS or mobile wallets have yet to change payment habits among Singapore consumers, found the 2018 Global Payments Report by payment processing company Worldpay.

Credit cards continued to be one of the most preferred ways to pay for online and offline purchases in 2017, according to the report published on Monday.

For online or e-commerce purchases in the last year, credit cards formed the highest percentage (67 per cent) of payment methods.

E-wallets tied with bank transfer for second place, each c…

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