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 Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.