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Covid-19 pushes Singaporeans to shift to online banking

Samantha Chiew
Samantha Chiew • 3 min read
Covid-19 pushes Singaporeans to shift to online banking
Covid-19 pushes the acceleration of online banking
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SINGAPORE (July 3): The Covid-19 pandemic has forced many to stay at home with lockdowns occurring globally. With that, many had to turn to online services to get things done.

According to financial literacy platform SingSaver, Singaporeans have been seen embracing more digital services when taking charge of their finances and this is a shift that most believe will stick even after the pandemic is over.

SingSaver conducted a survey, which found that 70% of respondents across Singapore have used online banking “frequently” since the outbreak of the pandemic, with 65% stating they are “somewhat” or “very” comfortable using these digital tools.

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