According to a survey on consumer payment behavior conducted in October 2022 in Singapore, 74 percent of respondents preferred traditional banks as their principal banking institutions over digital ones. Traditional banks have been preferred for safety, reliability, and positive customer experiences.
Preference for digital versus traditional banks among consumers in Singapore in 2022
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Other statistics that may interest you Banking industry in Singapore
Overview
5
- Premium Statistic GDP of the finance and insurance industry in Singapore 2014-2023
- Basic Statistic Total reserves in Singapore 2011-2022
- Basic Statistic Number of financial institutions in Singapore 2023, by type
- Premium Statistic Number of banks Singapore 2014-2023, by type
- Premium Statistic Number of foreign banks Singapore 2014-2023, by type
Key indicators
7
- Premium Statistic Total assets and liabilities of commercial banks in Singapore 2011-2020
- Premium Statistic Assets of commercial banks in Singapore 2023, by type
- Premium Statistic Liabilities of commercial banks in Singapore 2023, by type
- Premium Statistic Assets and liabilities of DBUs and ACUs local commercial banks Singapore 2011-2020
- Premium Statistic Assets and liabilities of DBUs and ACUs foreign commercial banks Singapore 2011-2020
- Premium Statistic Volume of credit and debit card payments Singapore 2018-2022
- Premium Statistic Value of credit and debit card payments Singapore 2018-2022
Loans and advances
6
- Premium Statistic Total loans and advances of commercial banks to residents Singapore 2021-2023
- Premium Statistic Total commercial banks consumer loans to residents Singapore 2021-2023
- Premium Statistic Total consumer loans to residents Singapore 2023, by type
- Premium Statistic Total loans and advances to businesses Singapore 2023
- Premium Statistic Value of loans and advances to businesses Singapore 2023, by sector
- Premium Statistic Commercial banks non-performing loan (NPL) ratio Singapore Q2 2023, by sector
Interest rates
4
Major local banks
7
- Premium Statistic Value of bank assets in Singapore 2002-2022
- Premium Statistic Total assets of DBS Group Holdings 2015-2023
- Premium Statistic Net profit of DBS Group Holdings 2015-2023
- Premium Statistic Total assets of OCBC Group FY 2015-2022
- Premium Statistic Net profit of OCBC Group 2017-2022
- Premium Statistic Total assets of UOB Group 2015-2022
- Premium Statistic Net profit after tax value of UOB Group 2015-2022
Digital banking
3
Consumer behavior
5
- Premium Statistic Banks customer satisfaction Singapore Q4 2022
- Premium Statistic Banks customer satisfaction in Singapore Q4 2022, by channel
- Premium Statistic Consumer preferences for digital versus traditional banks Singapore 2022
- Premium Statistic Reasons for choosing digital banks among consumers Singapore 2022
- Premium Statistic Willingness to try digital banks Singapore 2022, by age group
Further Content: You might find this interesting as well
Visa Inc.. (July 17, 2023). Preference for digital versus traditional banks among consumers in Singapore in 2022 [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/
Visa Inc.. "Preference for digital versus traditional banks among consumers in Singapore in 2022." Chart. July 17, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/
Visa Inc.. (2023). Preference for digital versus traditional banks among consumers in Singapore in 2022. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/
Visa Inc.. "Preference for Digital versus Traditional Banks among Consumers in Singapore in 2022." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/
Visa Inc., Preference for digital versus traditional banks among consumers in Singapore in 2022 Statista, https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/ (last visited May 13, 2024)
Preference for digital versus traditional banks among consumers in Singapore in 2022 [Graph], Visa Inc., July 17, 2023. [Online]. Available: https://www.statista.com/statistics/1325541/singapore-preferences-towards-digital-versus-traditional-banks/