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Slow payments on the rise in Q3, retail sector sees highest jump in over six years

Spike in slow payments within the retail sector due to weaker sales in previous quarter resulting from muted consumer sentiments

Nisha Ramchandani

Published Tue, Oct 2, 2018 · 09:50 PM

Singapore

SLOW payments among local companies rose for the second consecutive quarter in Q3 2018, most noticeably in the retail sector, but the overall payment performance is not seen has having deteriorated significantly with slight improvements across some other sectors.

According to the latest report from the Singapore Commercial Credit Bureau (SCCB), prompt payments weakened slightly to under half of all payment transactions while slow payments made up over a third of transactions.

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