B Evidence Grade B Graded accuracy verified by the review judge Safe to Cite Dated

60%

60% -- share of consumer payments settled in cash for Singapore consumer payments (2016)

Name: Share Of Consumer Payments Settled In Cash Statistics
Creator: Lighthouse Intelligence
Published: 2026-09-27

2016 · Singapore Payments Roadmap

In 2016, 60% of consumer payments in Singapore were settled in cash.

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Attribution: Singapore Payments Roadmap View source

Lighthouse Research Team

Last verified: 2026-09-27 · How we verify data →

Source verified Evidence graded

Value

60%

Unit

Percentage

Data Vintage

2016

Entity

Singapore consumer payments

Geography

Singapore

Evidence Quality

Strong, reliable evidence

Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.

61/100 confidence

Single source - not yet corroborated

Score breakdown

Extraction

Source Trust

Citation Chain

Independence

Methodology

Freshness

Source

Singapore Payments Roadmap Primary Tier B

https://cashessentials.org/cash-is-king-in-singapore/ ↗

Confidence: 58/100 Vintage: 2016 Channel: Deep Crawl

Source Article

Cash is king in Singapore

Categories : Cash covers a broad range of transactions, Cash is a public good, Cash is available to all users July 17, 2019 Cash remains the preferred method of payment in Singapore where a large number of digital-hesitant senior citizens are reluctant to adopt mobile payments, while tech-savvy yout…

Original Research

Singapore Payments Roadmap · Original study ↗

Methodology

Singapore Payments Roadmap estimate

Methodology documented

Segmentation

Industryfintech_finance RegionSingapore

Cite this stat

Plain Text

Singapore consumer payments: 60% share of consumer payments settled in cash. Source: Singapore Payments Roadmap (2016). Via Lighthouse Intelligence -- https://lighthousedata.io/data/singapore-consumer-payments-cash-2016

HTML Embed

<blockquote cite="https://lighthousedata.io/data/singapore-consumer-payments-cash-2016" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>60%</strong> -- share of consumer payments settled in cash for Singapore consumer payments<br><small>Source: Singapore Payments Roadmap (2016) · <a href="https://lighthousedata.io/data/singapore-consumer-payments-cash-2016" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>

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