Singapore Fintech Revenue Model Transaction Fee Lending 2026

Key Insights

• Singapore's digital payments market is projected to grow at 18.3% compound annual growth rate, with cards maintaining dominance at approximately SGD 149 billion in transaction value as of 2024.
• The Singapore fintech market size is estimated at USD 13.97 billion in 2026, growing from USD 12.05 billion in 2025, with projections extending to USD value in 2031, indicating sustained expansion in the fintech sector.
• The fastest-growing Singapore fintechs in 2026 include Aspire and Storepay, both achieving growth rates exceeding 1700% in absolute terms, demonstrating significant traction in transaction-based and lending-adjacent business models.
• Singapore fintech funding has contracted due to rising interest rates and economic headwinds, with a notable reduction in late-stage funding rounds, affecting capital availability for growth-stage fintech ventures.
• FAST payment system dominance characterizes Singapore's payments landscape in 2026, indicating a shift toward faster payment rails that impact transaction fee structures and revenue models for fintech providers.

Source

[Payments' state of play 2026 | PwC Singapore](https://www.pwc.com/sg/en/publications/payments-state-of-play.html) *Market: SG*