Finance

Cash vs. Digital – Exploring Singapore Travelers’ Cross-Border Payments and Transactions

Fieldwork conducted 10-15 May 2023 N = 1,000 SG

This study explores the payment preferences of Singapore travelers when abroad – Examining the types of digital multi-currency accounts commonly used, perceptions of safety related to digital payments, the frequency of cash and digital payments, and more. By analysing these factors, the study provides valuable insights into the changing landscape of cross-border transactions and the specific preferences of Singapore travelers when it comes to making payments while abroad.

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What’s inside

Payment methods used by Singaporeans when traveling overseas
Preferences for payment method while traveling abroad
Types of digital multi-currency accounts commonly used
Preference for physical or virtual cards
Concerns regarding digital payment methods when traveling abroad
Frequency of cash versus digital payments when traveling overseas
Sentiment regarding the safety of using digital payment methods

What you get

Report deck (PDF)Data tables (Excel)ChartsCrosstabs on request

Methodology

First-party data from Milieu’s own Southeast Asia panel, ISO 27001 certified. Full approach on our research page.