Evolution of banking services in Singapore

Hello everyone,

With rapid technological advancements, banking services are digitizing at lightning speed. Expats are thus propelled into a new era of options and payment methods, disrupting the traditional banking services of local establishments in Singapore. An evolution that presents a range of opportunities and challenges on a local scale.

Share your experiences regarding the evolution of bankings services in Singapore:

To what extent are the latest banking technologies being adopted and utilized in Singapore? (contactless payments, phone-based payment systems, QR codes, etc.)
What are the advantages and disadvantages?

Are new payment methods emerging in Singapore? Which ones, and what does it change in your daily life?

What are the advantages of using local bank services versus an international online banking service as an expat?

Are there specific features in banking apps that you find particularly helpful as an expat in Singapore?

By sharing your experiences and insights, you contribute to a broader understanding of the evolving banking landscape for expats in Singapore.

Thank you for your contribution.

Cheryl
Expat.com Team