Over the past decade, Singapore has seen a dramatic shift in how consumers pay — digital wallets now account for 39% of all online transaction value and nearly a third of point-of-sale spending, skyrocketing from just 7% and 1% respectively ten years ago. 

This surge has positioned Singapore as a leader in digital payment innovation across the Asia-Pacific region, fueled by a tech-savvy population and a robust digital infrastructure. 

But what’s really driving this rapid adoption? Is it simply the growing demand for convenience, or does this trend signal a deeper transformation that fintech investors should be watching closely? 

On Wealth Tracker, Hongbin Jeong speaks to Phil Pomford, General Manager, Global eCom, APAC, Worldpay, to find out more.

Over the past decade, Singapore has seen a dramatic shift in how consumers pay &mdash; digital wallets now account for 39% of all online transaction value and nearly a third of point-of-sale spending, skyrocketing from just 7% and 1% respectively ten years ago.&nbsp;
This surge has positioned Singapore as a leader in digital payment innovation across the Asia-Pacific region, fueled by a tech-savvy population and a robust digital infrastructure.&nbsp;
But what&rsquo;s really driving this rapid adoption? Is it simply the growing demand for convenience, or does this trend signal a deeper transformation that fintech investors should be watching closely?&nbsp;
On Wealth Tracker, Hongbin Jeong speaks to Phil Pomford, General Manager, Global eCom, APAC, Worldpay, to find out more.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.