Subscribe
News
|
Interviews
|
Voice of the Industry
|
Watch & Learn
|
Reports
Cross Border Ecommerce Research
Company Database
|
Events
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Select a country in
- choose a country -
E-commerce facts & figures in in
Singapore
Mobile commerce and online shopper behaviour in Singapore
Read below more about ecommerce growth, Ecommerce sales and cross-border ecommerce in Singapore
Download report on Cross-border Ecommerce - singapore
Download report on singapore
Singapore is a strong ecommerce market within Asia, with high levels of internet and mobile penetration. Smartphone usage is certainly driving the ecommerce market in Singapore, with over 35% of smartphone users doing purchases via their mobile device in the first three months of 2014. Singapore also stands out for its participation in cross-border ecommerce, the most active country in the Asia Pacific region.
•
Total Population
- 5.4 million
•
Age Breakdown
- Over 50% of the population in Singapore are between 25 and 54.
•
Religion
- Singapore is a country with a number of religious beliefs, but the most prevalent is Buddhist at 33%.
•
Urban Population
- 100%
•
Internet Penetration
- 75%
•
Mobile Penetration
- 156%
•
Tablet Penetration
- 47%
•
Smartphone Penetration
- 87%
•
Online Shoppers
- 4.4 million
•
Ecommerce Sales
- USD 3.5 billion (SGD 4.4 billion)
- Up from USD 2 billion (SGD 2.5 billion) in 2012.
- The Singaporean online shopper spends an average of USD 1120 (SGD 1422) a year.
•
Ecommerce Penetration
- 94%
•
Ecommerce CAGR (2008 – 2013)
- 7.7%
Cross-border Ecommerce Opportunities
• Of the Asian-Pacific countries, Singapore had the highest estimated share of cross-border B2C ecommerce in 2013.
• The population of Singapore includes almost 40% permanent foreign residents (workers or students), and 23% of Singaporean citizens were born abroad. This explains why 55% of ecommerce transactions are conducted cross-border.
Language as a Key Driver
• English was introduced to Singapore in 1819 when the British first established a port and then a colony on the island. English is considered the main language of Singapore and is one of the only countries in the South East Asia region that uses English as a working language.
• The Singaporean government recognizes four official languages: English, Malay, Mandarin and Tamil.
• Singapore has a policy of bilingualism. Students learn in English but are taught the language of their ethnicity, referred to as their "mother tongue". The mother tongue is seen as a way to preserve unique cultural values in the multicultural society, although their usage is decreasing in the home as English becomes more predominant.
Download report on Cross-border Ecommerce - singapore
Download report on singapore
Top Stories
/
Most Read
Nium becomes a Financial Service Provider in New Zealand
Published 14:55 | New Zealand |
News
BIAN expands its network
Published 14:48 | United Kingdom |
News
Onbe and ScrapRight revolutionize scrap yard payouts
Published 14:19 | United States |
News
WSFS Bank launches Early Pay
Published 13:57 | United States |
News
EBA, EIOPA and ECB establish a common governance framework
Published 13:56 | Europe |
News
:::
more news
Fils partners Aion to advance ESG across the Middle East
Published 16 Apr | Middle East |
News
Stripe secures USD 694 million in tender offer
Published 16 Apr | World |
News
Zopa reports first full year profit
Published 16 Apr | United Kingdom |
News
Tencent augments payment experience for China visitors
Published 16 Apr | World |
News
Nubank to introduce its mobile operator services
Published 16 Apr | Brazil |
News
:::
more news
Interviews
16 Apr
Presenting crypto payments trends – a CoinsPaid perspective
15 Apr
Key ecommerce and payments trends in 2024
11 Apr
AML/sanctions compliance: A vital lifeline for Banking-as-a-Service partnerships' survival
10 Apr
The agility of the Electronic Money Institution: paving the way for instant, low-cost payments around the globe
9 Apr
Countdown to IFGS 2024: Unveiling trends shaping fintech's next decade
:::
more interviews
Voice of the Industry
12 Apr
Shaping the future of the payments industry: key insights from MPE 2024
12 Apr
A bumpy road to becoming an open identity infrastructure: MOSIP Connect 2024 in retrospect
9 Apr
Innovation in payments: what role do policy and regulation play?
8 Apr
Mobile payment: Southern Europe moves towards interoperability
8 Apr
Navigating KYB challenges in modern banking and merchant onboarding
:::
more voices
Free Headlines
:::
subscribe now
RSS
:::
follow ThePaypers via RSS
:::
connect
LinkedIn
:::
connect with ThePaypers on LinkedIn
:::
connect
Twitter
:::
follow ThePaypers on Twitter
:::
follow
Facebook
:::
like ThePaypers on Facebook
:::
like