56% of Singapore Consumers Aware of Cross-Border Digital Wallet Capabilities

While digital wallets offer a compelling vision for the future of cross-border payments in Singapore, a new report reveals a notable disparity between robust merchant familiarity and lagging consumer awareness, a key factor potentially hindering broader adoption.

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The “Global Money Movement: Singapore Edition” report, a recent collaboration between PYMNTS Intelligence and TerraPay, provides an in-depth analysis of the evolving digital wallet landscape for cross-border payments within the city-state.