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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE SINGAPORE EDITION 2026

Singapore’s
payments infrastructure industry,
in focus.

The companies, capital and talent shaping payments infrastructure in Singapore. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Payments Infrastructure Industry Landscape of Singapore
SG
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Payments Infrastructure illustration
Companies tracked 267Payments Infrastructure ecosystem in Singapore Disclosed funding $13.46B56 companies · all recorded rounds Companies hiring 20With open roles at the snapshot Tracked open roles 310 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Singapore’s payments infrastructure leaders

23 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Explore the full landscape
Payments Infrastructure company highlights in Singapore, snapshot 4 September 2026
Company
Grabgrab.com$10.74B2 roles82—
Codacoda.co$710M———
Atomeatome.sg$631M—601—
Thunesthunes.com$352M2 roles350Financial figure available in RadarView in Radar
MatchMovematchmove.com$156M3 roles125—
Partiorpartior.com$111M—87Financial figure available in RadarView in Radar
YouTripyou.co$105.5M5 roles150—
2C2P2c2p.com$85M—400—
DT Onedtone.com—3 roles196Financial figure available in RadarView in Radar
NETSnets.com.sg—2 roles——
Finmofinmo.net—1 roles21—
SUNRATEsunrate.com—1 roles500Financial figure available in RadarView in Radar
AXSaxs.com.sg————
Alipayalipayplus.com————
CardUpcardup.co——39—
Cherry Creditscherrycredits.com————
FPayfpay.support————
FlexMflexm.com——127—
OxPayoxpayfinancial.com———Financial figure available in RadarView in Radar
Tookitakitookitaki.com——120—
Xfersxfers.com——187—
dtcpaydtcpay.com——14—
iPiDipid.tech——52—
23 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Payments Infrastructure industry KPIs in Singapore

A few useful ratios bring the size of this ecosystem into perspective.

4 September 2026
Hiring participation7.5%

20 of 267 tracked companies have open roles.

Funding participation26.2%

70 of 267 tracked companies have a recorded round.

Top 3 funding share89.8%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$11.7M

Midpoint of 114 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 89.8% of disclosed capital, while 73.8% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Singapore payments infrastructure has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Singapore payments infrastructure
$0$892.01M$1.78B$2.68B$3.57B2016: $774.22M20162017: $2.55B20172018: $3.13B20182019: $2.13B20192020: $1.17B20202021: $923.12M20212022: $936.77M20222023: $178.06M20232024: $185.35M20242025: $358.5M2025
View the numbers
Annual payments infrastructure funding and company formation in Singapore
YearFunding (USD)FoundedRaising
2016$774.22M2110
2017$2.55B228
2018$3.13B138
2019$2.13B2210
2020$1.17B258
2021$923.12M1912
2022$936.77M1210
2023$178.06M1610
2024$185.35M109
2025$358.5M15
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Grab79.8%
  • Coda5.3%
  • Atome4.7%
  • Other companies10.2%

Funding by stage

173 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel69 39.9%
Series A–B49 28.3%
Series C+ / PE19 11.0%
Grants, debt & other36 20.8%

Recent recorded rounds

Latest recorded rounds · USD
1 rounds

Swipe or scroll horizontally to browse.

Series A03/2026
dtcpay $10M

Backed by Vertex Ventures.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series H03/2019
Grabgrab.com$1.46B

Backed by Microsoft and Toyota Motor and others.

Series H08/2018
Grabgrab.com$1B

Backed by Oppenheimer Funds and Ping An Ventures and others.

Series H02/2020
Grabgrab.com$856M

Backed by MUFG Innovation Partners and TIS.

Series F09/2016
Grabgrab.com$750M

Backed by DiDi and SoftBank Group and others.

Series C04/2022
Codacoda.co$690M

Backed by Insight Partners and GIC and others.

Series E08/2015
Grabgrab.com$350M

Backed by Coatue and China Investment Corporation and others.

Series H11/2018
Grabgrab.com$250M

Backed by Hyundai Motor Company and Goldman Sachs Investment Partners and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

No reviewed exact national-ID connector has yet been qualified for Singapore; this is a checked implementation boundary, not evidence that filings are absent.; No reviewed exact national-ID connector has yet been qualified for Singapore; this is a checked implementation boundary, not evidence that filings are absent.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Singapore companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

7 of the 267 companies on this page carry a measured traffic record (2.6%); these are the largest of those, by monthly visits. The median among them is 591,956 visits.

CompanyMonthly visitsAuthorityMobile
Grabgrab.com16,987,8267186.5%
2C2P2c2p.com3,912,6443575.5%
Breezebreeze.cash1,857,6441871.7%
YouTripyou.co591,9564777.2%
Atomeatome.sg65,1533852.5%
NETSnets.com.sg65,0314359.7%
Dashdash.com.sg29,2953491%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

45 of these companies (16.9%) publish at least one Android app — 71 apps in all, carrying 461M installs between them.

AppInstallsRatingStore category
Grab - Taxi & Food DeliveryGrab354M4.8Travel & Local
Grab Driver: App for PartnersGrab60.2M3.9Maps & Navigation
GrabMerchantGrab18.6M4.1Food & Drink
ShopeePay - Vô vàn Dịch vụAirPay13.4M3.8Finance
YouTripYouTrip2.4M4.2Finance
EZ-Link app (discontinued)EZ-Link2.4M3.9Travel & Local
AXS m-StationAXS1.8M4.5Finance
Dash by Western UnionDash1.8M3.8Finance
NETS AppNETS1.3M3Lifestyle
Atome SG - Shop Now, Pay LaterAtome923.9K4.9Shopping

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Payments59460.3MGrab - Taxi & Food Delivery 354M
Logistics Tech3432.9MGrab Driver: App for Partners 60.2M
Digital Remittance164.4MYouTrip 2.4M
Forex Tech22.4MYouBiz - Business Account 9.3K
In Store Retail Tech31MAtome SG - Shop Now, Pay Later 923.9K
Banking Tech3602.2KShopee Partner VN 574.8K
Islamic Fintech2601.6KShopee Partner: Go Cashless 26.8K
Finance & Accounting Tech1369.4KInvoice King 34.6K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2022Q4: 22022Q4: 02022Q42023Q1: 22023Q1: 12023Q12023Q2: 12023Q2: 02023Q22023Q3: 22023Q3: 02023Q32023Q4: 22023Q4: 02023Q42024Q1: 12024Q1: 12024Q12024Q2: 12024Q2: 22024Q22025Q3: 22025Q3: 62025Q32025Q4: 12025Q4: 82025Q4

Darker bars are new releases, lighter bars apps updated. 50 of 71 apps carry a release date. The series ends at 2025Q4, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Singapore payments infrastructure market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech266
Enterprise tech216
Payments209
Enterprise software132
Commerce enablers122
Consumer digital95
Saas49
Cfo stack39
Blockchain32
Blockchain in financial services32
Digital wallets17
Web 3.013

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

266companies
7.5%have hiring activity

20 companies hiring · $13.46B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription220
Commission on transaction166
E-commerce - service93
Fee-for-service39
Lending11
Advertising6
E-commerce - product2
Physical commerce2
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundsdtcpay.com ↗

Vertex Ventures led multiple rounds with dtcpay at $10m.

Mergers & acquisitionssunrate.com ↗

SUNRATE has expanded into global acquiring after acquiring a payments team with established acquiring systems and merchant operations.

Funding roundseverex.io ↗

EverEx said Wednesday it has secured a 4 billion won ($2.76 million) strategic investment from Daewoong Investment, the corporate venture capital arm of Daewoong Pharmaceutical, and Naver, Korea's largest internet portal operator.

Funding roundsflexm.com ↗

FlexM, a licensed fintech group specializing in payment solutions, cross-border remittance, and compliance, has secured a strategic investment from China’s e-commerce and technology giant, Torkey Times Technology Pte Ltd (TTT).

Mergers & acquisitionsdtone.com ↗

DT One, the Singapore-based business to business (B2B) firm for cross-border digital transfers, announced Tuesday its acquisition of DENT Telecom (DENT), a Germany-based embedded telecom and eSIM platform.

Funding roundsthunes.com ↗

Singapore-based B2B payment platform Thunes raised $150 million in Series D funding after raising $72 million at $900 million valuation in 2023.

Funding roundsseamoney.com ↗

SeaMoney is reportedly poised to receive up to US$75 million from the International Finance Corporation (IFC) to scale its digital lending programme in Thailand.

Funding roundspartior.com ↗

first close led by Peak XV Partners in July 2024 with participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.

IPO activityyou.co ↗

Caecilia Chu, CEO of Singapore-based fintech YouTrip, is actively preparing the company for an IPO, with plans recently detailed to Nikkei Asia.

Funding roundsoxpayfinancial.com ↗

OxPay, which offers financial solutions for the road transport sector, received a contribution of R$ 20 million from SRM Ventures, Venture Capital (VC) arm of SRM Asset.

Full recorded event mix

Top 9 categories among 101 recorded events in the 24-month window.

New products
32
Leadership moves
23
Funding rounds
20
Regulatory
12
Company announcements
6
Mergers & acquisitions
3
Capital infusions
2
Contracts
2
IPO activity
1
5 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

YouTrip ↗

IPO1 reports

Leadership moves

10 tracked people moves

Thunes ↗
Parvinder Bhatia

Appointment Chief Financial Officer

Thunes ↗
Guy Duncan

Appointment Chief Technology and Product Officer

AXS ↗
MASON DONLEY

Appointment Chief Ticketing and Fan Experience Officer

AXS ↗
Peter Quinlan

Appointment Managing Director of Europe

AXS ↗
Hannah Rouch

Appointment VP, Marketing, Europe

PayFuture ↗
Sid Gautam

Appointment Chief Revenue Officer

Thunes ↗
Chloé Mayenobe

Promotion Deputy Chief Executive Officer (CEO)

Product launches

Products, platforms and features in the recorded window

Thunes ↗
direct, real-time Pay-to-Bank services

Service

UQPAY ↗
dual-rail full-stack payment platform

Payment Platform

SUNRATE ↗
Payment Solution on Walmart Marketplace

Cross‑border payment service

Thunes ↗
Real-time cross-border payments to and from Colombia via Bre-B

Payment service

Contract wins

2 recorded customer wins

Thunes ↗

Customer: first abu dhabi bankPayments

MineSec ↗

Customer: 7PayPayment Technology

Regulatory events

13 recorded events

SUNRATE ↗

approved for money remittance services in MalaysiaBank Negara Malaysia

SUNRATE ↗

License grantedMalaysian Central Bank

SUNRATE ↗

approval-in-principle for a Class B MSB licenseBank Negara Malaysia

Thunes ↗

approved for in-principle MPI licence variationMonetary Authority of Singapore

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
SUNRATE→NaCompleted2026-01-28Not stated in snapshot
SUNRATE→NaAnnounced2026-01-28Not stated in snapshot
SUNRATE→NaAnnounced2026-01-28Not stated in snapshot
SUNRATE→NaAnnounced2026-01-27Not stated in snapshot
SUNRATE→NaAnnounced2026-01-27Not stated in snapshot
DT One→DENT TelecomAnnounced2025-09-23Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

204 postings in the preceding 12 months. The full 346-posting snapshot covers 211 employers.

Expand panel +

Most advertised job titles

Infrastructure Engineer5
It Support Executive (Up To 3.8K/ Retail Mnc/ It Infrastructure/ Central)4
Account Manager(Public Sector)/It Solutions Sales/Japanese It Mnc/5 Days/S$7K)3
Van Sales Associate (6 Days, Class 3, Fmcg Trade)2
Vice President, Tfx Product Manager, Global Payments Solutions, Hong Kong/Singapore2
Compliance Officer, Singapore Capital Markets & Payments2
0 internship postings

2 tracked postings mention remote work.

The seniority mix

167 postings specify a level.

unspecified
179
manager
80
senior
63
lead
18
intern
5
entry
1

Skills employers mention

Top skills across 346 tracked postings in the available jobs snapshot.

Payments
79
Infrastructure
45
Python
35
Linux
34
Vmware
27
Networking
27
Project Management
24
Active Directory
23
Kubernetes
23
Java
23
ADVERTISED PAY$128.8K/ year

Median across 121 postings with pay data, expressed in USD.

Salary by seniority

manager$386.1K/ year30 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

198 founders and chief executives across 139 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

40 profiles with education records.

National University of Singapore (NUS)
12
Nanyang Technological University (NTU)
7
Harvard University
3
Harvard Business School
3
University of Chicago
2
Wharton School
2
INSEAD
2
Imperial College London
1

Prior employers

14 profiles with prior-work records.

Paypal
4
Amazon
3
McKinsey
3
eBay
2
Cisco
1
Bain
1
Uber
1
Facebook
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

301,612 articles in the measured 12-month window.

Expand panel +
301,612articles in the measured year
51,500articles in 2026Q1
42.0%positive tone in the latest complete year

News volume trends

Payments Infrastructure coverage across Singapore · articles per complete quarter

043,25286,504129,755173,0072021Q2: 39,2772021Q22021Q3: 43,4742021Q4: 39,5802022Q1: 42,8602022Q2: 43,9842022Q22022Q3: 49,3002022Q4: 54,9842023Q1: 57,1782023Q2: 56,3132023Q22023Q3: 57,2242023Q4: 62,8212024Q1: 60,9312024Q2: 71,4152024Q22024Q3: 69,9562024Q4: 72,9862025Q1: 86,8702025Q2: 56,5642025Q22025Q3: 150,4412025Q4: 45,6142026Q1: 51,5002026Q1
View quarterly article counts
QuarterArticles
2021Q239,277
2021Q343,474
2021Q439,580
2022Q142,860
2022Q243,984
2022Q349,300
2022Q454,984
2023Q157,178
2023Q256,313
2023Q357,224
2023Q462,821
2024Q160,931
2024Q271,415
2024Q369,956
2024Q472,986
2025Q186,870
2025Q256,564
2025Q3150,441
2025Q445,614
2026Q151,500

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
67,538 positive · 31,869 neutral · 30,669 negative
2022
98,735 positive · 49,685 neutral · 42,529 negative
2023
126,215 positive · 61,906 neutral · 45,220 negative
2024
131,484 positive · 96,281 neutral · 47,333 negative
2025
142,345 positive · 152,059 neutral · 44,836 negative

Leading coverage topics

Payments Infrastructure coverage across Singapore · ranked by full-period article count.

International And Transnational Geographic Entities299,822 articles in the full recorded period
108,072 recent · 81,366 prior
Geopolitical Disputes And Contested Areas299,812 articles in the full recorded period
108,067 recent · 81,361 prior
Administrative And Political Subdivisions299,808 articles in the full recorded period
108,067 recent · 81,360 prior
Cryptocurrency Impact On Forex Markets17,034 articles in the full recorded period
4,334 recent · 3,255 prior
New Product Launches And Innovations11,564 articles in the full recorded period
3,167 recent · 2,443 prior
Strategic Partnerships And Collaborations11,292 articles in the full recorded period
3,179 recent · 2,400 prior
Technology Adoption And Digital Transformation8,669 articles in the full recorded period
2,414 recent · 1,832 prior
Executive Leadership Changes And Appointments8,124 articles in the full recorded period
1,709 recent · 1,603 prior
International Political Relations8,080 articles in the full recorded period
1,868 recent · 1,675 prior
International Sports Competitions7,081 articles in the full recorded period
1,517 recent · 1,508 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Payments Infrastructure coverage across Singapore

KeywordRecentPriorChange
countries4,1921,858126%
stablecoin fx impact687306125%
decentralized forex67540268%
study overseas593188215%
overseas study540176207%
semester abroad473146224%
international programs34597256%
tanker routing32253508%
aframax tankers31868368%
export sanctions28597194%
flight safety measures128519-75%
f1 world championship324509-36%
f1 championship302477-37%
direct investments (pe)266440-40%
brent crude forecast92424-78%

Event and signal lenses

Payments Infrastructure coverage across Singapore

All complete annual cohorts shown
Rising

Regulatory Risk

657,136 classified articles

territories, disputed islands, countries

18.3% critical · 16.0% positive
Rising

Funding Momentum

45,529 classified articles

inflation reports fx, currency intervention policies, pre-ipo valuation

41.1% critical · 58.7% positive
Rising

Growth

87,593 classified articles

gdp growth forex, gdp growth rate, inflation reports fx

39.4% critical · 51.8% positive

Payments Infrastructure coverage across Singapore. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What Payments Infrastructure research is working on

24,130 papers in the recorded worldwide scope.

Expand panel +
24,130papers
24,130worldwide comparison pool
—India-affiliated papers

Research orientation

Descriptive
7,441
Promising
6,662
Problem-identifying
5,340
Breakthrough
1,922
Cautionary
1,570
Comparative
873
Critical
322

Contribution mix

Empirical
14,345
Methods-led
4,931
Reviews
2,126
Position pieces
2,064
Theoretical
664

Tone counts: 20,970 positive · 1,336 neutral · 1,824 negative.

Common problems researchers identify
5,662 papers · 23.5% of this field
  • Payment3,621 papers
  • Mobile payment1,829 papers
  • Payment system841 papers
  • Financial inclusion529 papers
  • Payment service provider488 papers
  • Mobile device438 papers
  • Financial services430 papers
  • Mobile banking389 papers

Landmark: Beyond Mobile Payments: Exploring the Evolution and Future of Fintech (BY IJISRT)

Cautions
1,570 papers · 6.5% of this field
  • Payment1,050 papers
  • Mobile payment482 papers
  • Financial inclusion287 papers
  • Payment system197 papers
  • Financial services195 papers
  • Database transaction133 papers
  • Mobile banking115 papers
  • Digital currency95 papers

Landmark: Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution

Opportunities
8,584 papers · 35.6% of this field
  • Payment5,460 papers
  • Mobile payment2,950 papers
  • Payment system1,156 papers
  • Database transaction1,015 papers
  • Financial inclusion873 papers
  • Computer security696 papers
  • Financial services662 papers
  • Mobile banking547 papers

Landmark: The long-run poverty and gender impacts of mobile money

Leading institutions

Georgetown University
3,453
Massachusetts Institute of Technology
2,881
National Bureau of Economic Research
2,378
Swansea University
2,164
Universidad de Granada
1,970
Innovations for Poverty Action
1,312

Leading researchers

Tavneet Suri
3,688
William Jack
3,465
Francisco Liébana‐Cabanillas
1,906
Yogesh K. Dwivedi
1,733
Mushtaq Ahmad Shah
1,634
Khomane Harish
1,632
Shradha
1,632
Kutlu Hansda
1,632

Highly cited breakthrough-labelled papers

  • Behavioural intention to adopt mobile wallet: a developing country perspective321 citations
  • An integrated framework for the adoption and continuance intention to use mobile payment apps289 citations
  • Bitcoin meets strong consistency224 citations
  • Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System223 citations
  • Mobile payments adoption – introducing mindfulness to better understand consumer behavior213 citations

Common problems researchers identify

5,077 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Core Payment System ChallengesCommon problems researchers identify · 01

Core Payment System Challenges

1,178 papers

23.2% of this theme group

Researchers discuss fundamental issues in payment settlement, service provider reliability, and system architecture.

Payment system (621) · Payment (1,132) · Payment service provider (245) · Settlement (113)

New payment systems

Payment system technologies and functions : innovations and developments

View research history
YearShare index
202253.1
202352.6
202446.4
202578.4
Mobile Payment Security ConcernsCommon problems researchers identify · 02

Mobile Payment Security Concerns

949 papers

18.7% of this theme group

Studies highlight privacy risks, authentication weaknesses, and user acceptance barriers in mobile payment.

Mobile payment (899) · Payment (794) · Computer security (114) · Internet privacy (81)

User Acceptance Testing of Mobile Payment in Various Scenarios

Exploring Determinants Influencing the Intention to Use Mobile Payment Service

View research history
YearShare index
20221082.6
20231033.1
2024693.1
2025299.1
Cryptocurrency and Digital Currency RisksCommon problems researchers identify · 03

Cryptocurrency and Digital Currency Risks

816 papers

16.1% of this theme group

Papers examine regulatory uncertainty, security flaws, and integration hurdles of crypto‑based payments.

Cryptocurrency (161) · Payment (716) · Digital currency (151) · Currency (136)

Digital Payments: Blockchain based Security Concerns and Future

Demystifying Electronic Payment Systems and Digital Currencies

View research history
YearShare index
2022429.6
2023435.5
2024348.9
2025379.2
Mobile Technology Adoption IssuesCommon problems researchers identify · 04

Mobile Technology Adoption Issues

700 papers

13.8% of this theme group

Research points to device compatibility, connectivity limits, and business model obstacles for mobile services.

Mobile technology (236) · Mobile device (274) · Mobile computing (199) · Mobile business development (183)

Mobile Learning

Mobile application challenges

View research history
YearShare index
2022262.9
2023237.0
2024221.5
2025260.1
Mobile Banking Implementation BarriersCommon problems researchers identify · 05

Mobile Banking Implementation Barriers

600 papers

11.8% of this theme group

Analyses focus on legal constraints, infrastructure gaps, and user trust in SMS and mobile banking.

Mobile banking (283) · Mobile payment (438) · SMS banking (57) · Financial services (113)

THE POTENTIAL INNOVATIVE STRATEGIES OF USING MOBILE MONEY SYSTEMS FOR ENHANCING FINANCIAL INCLUSION IN TANZANIA

Assessment of Legal and Practical Challenges Affecting Mobile Banking: Case Study of Tanzania

View research history
YearShare index
202299.7
2023112.1
202487.0
2025130.1
Financial Inclusion ObstaclesCommon problems researchers identify · 06

Financial Inclusion Obstacles

425 papers

8.4% of this theme group

Works identify gaps in access, affordability, and fintech outreach that hinder inclusive finance.

Financial inclusion (337) · Financial services (212) · Inclusion (52) · FinTech (66)

Financial Inclusiveness : The role of mobile money and digital financial services.

The Future Is Mobile: Financial Inclusion and Technological Innovation in the Emerging World

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8
Healthcare Payment Reform ChallengesCommon problems researchers identify · 07

Healthcare Payment Reform Challenges

409 papers

8.1% of this theme group

Studies critique reimbursement models, incentive misalignments, and provider response to new payment schemes.

Health care (147) · Reimbursement (71) · Payment (389) · Incentive (78)

Using Physician Payment Reform to Enhance Health System Performance

Challenges and suggestions on reform of provider payment system of medical services

View research history
YearShare index
2022294.9
2023284.7
2024201.5
2025244.0

Cautions

1,356 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Trust and Risk in Mobile PaymentsCautions · 01

Trust and Risk in Mobile Payments

275 papers

20.3% of this theme group

Authors caution that perceived risk and lack of trust limit consumer adoption of mobile payment.

Mobile payment (175) · Mobile device (37) · Mobile technology (22) · Payment (134)

A mixed methods empirical exploration of UK consumer perceptions of trust, risk and usefulness of mobile payments

An Exploration of the Factors Affecting User's Satisfaction with Mobile Payments

View research history
YearShare index
2022230.9
2023207.2
2024178.2
2025224.6
Systemic Liquidity and Settlement RisksCautions · 02

Systemic Liquidity and Settlement Risks

220 papers

16.2% of this theme group

Research warns of liquidity strains and systemic vulnerabilities in large‑value payment networks.

Market liquidity (52) · Payment (203) · Settlement (46) · Payment system (80)

Systemic risk and liquidity in payment systems

Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment System

View research history
YearShare index
202283.9
202382.1
202456.9
202583.2
Consumer Spending Impact UncertaintyCautions · 03

Consumer Spending Impact Uncertainty

218 papers

16.1% of this theme group

Papers question how digital payment adoption reshapes spending habits and economic behavior.

Payment (204) · Database transaction (60) · Cash (40) · Mobile payment (62)

Impact Of Digital Payment Systems On Consumer Spending Habits

“ <b>Impact of Digital Payment Systems on Consumer Spending Behaviour”</b>

View research history
YearShare index
2022358.8
2023328.6
2024226.5
2025303.0
Regulatory Gaps for Financial InclusionCautions · 04

Regulatory Gaps for Financial Inclusion

194 papers

14.3% of this theme group

Analyses highlight insufficient policy frameworks that impede mobile money’s role in inclusion.

Financial inclusion (176) · Financial services (102) · Inclusion (32) · Mobile payment (106)

Mobile Money for Financial Inclusion

A Systematic Review of Mobile Banking, Fintech Innovations, and Regulatory Gaps to Achieve Financial Inclusion in the Philippines

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8
Context‑Specific Mobile Money RisksCautions · 05

Context‑Specific Mobile Money Risks

177 papers

13.1% of this theme group

Studies reveal unique adoption and anti‑poverty program challenges in emerging markets.

Mobile payment (98) · Tanzania (13) · Payment (76) · Monetary economics (11)

Payment Mechanisms and Antipoverty Programs: Evidence from a Mobile Money Cash Transfer Experiment in Niger

Factors influencing consumers’ adoption of mobile financial services in Tanzania

View research history
YearShare index
2022236.4
2023239.1
2024145.0
202572.6
Provider Response to New Reimbursement ModelsCautions · 06

Provider Response to New Reimbursement Models

152 papers

11.2% of this theme group

Research shows unintended provider behaviors and selection effects under prospective payment systems.

Reimbursement (36) · Health care (41) · Prospective payment system (33) · Payment (148)

Impacts of Diagnosis-Related Groups Payment on the Healthcare Providers’ Behavior in China: A Cross-Sectional Study Among Physicians

Hospital response to a new case-based payment system in China: the patient selection effect

View research history
YearShare index
2022219.2
2023212.4
2024161.8
2025191.0
Central Bank Digital Currency UncertaintiesCautions · 07

Central Bank Digital Currency Uncertainties

120 papers

8.8% of this theme group

Works discuss ambiguous impacts of CBDCs and crypto on traditional payment roles.

Digital currency (76) · Cryptocurrency (53) · Currency (47) · Payment (104)

Central Bank Digital Currencies and payments: A review of domestic and international implications

Cryptocurrencies, Big Techs, central bank digital currencies and the changing role of banks in the payment industry: old wine in new bottles

View research history
YearShare index
2022429.6
2023435.5
2024348.9
2025379.2

Opportunities

7,530 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Advances in Payment System DesignOpportunities · 01

Advances in Payment System Design

1,328 papers

22.1% of this theme group

Papers explore innovative architectures and information‑system integration for modern payment platforms.

Payment (1,268) · Payment system (591) · Health care (67) · Information system (64)

Measuring payment system development

Design and Research of Virtual Payment System in Colleges and Universities

View research history
YearShare index
2022316.1
2023298.5
2024240.2
2025290.6
Mobile Money Growth in Developing RegionsOpportunities · 02

Mobile Money Growth in Developing Regions

1,014 papers

16.9% of this theme group

Research highlights expanding mobile banking services and their socioeconomic benefits.

Mobile payment (513) · Mobile business development (112) · Mobile technology (125) · Mobile device (201)

Mobile Money: Cell Phone Banking in Developing Countries

An Analysis of Features and Tendencies in Mobile Banking Apps

View research history
YearShare index
2022231.0
2023207.8
2024178.6
2025225.0
Behavioral Models for Payment AdoptionOpportunities · 03

Behavioral Models for Payment Adoption

861 papers

14.3% of this theme group

Studies apply acceptance theories to predict and enhance mobile payment uptake.

Mobile payment (685) · Technology acceptance model (159) · Payment (631) · Structural equation modeling (137)

Enjoyment and social influence: predicting mobile payment adoption

Mobile payment adoption: a multi-theory model, multi-method approach and multi-country study

View research history
YearShare index
2022220.6
2023234.8
2024140.6
2025192.9
Blockchain‑Enabled Secure PaymentsOpportunities · 04

Blockchain‑Enabled Secure Payments

809 papers

13.5% of this theme group

Works propose distributed ledger solutions to improve transaction security and transparency.

Blockchain (158) · Payment (724) · Cryptocurrency (127) · Database transaction (284)

Blockchain Based Architecture and Solution for Secure Digital Payment System

Towards a distributed token based payment system using blockchain technology

View research history
YearShare index
2022289.6
2023277.6
2024184.8
2025245.4
Financial Literacy Driving Digital PaymentsOpportunities · 05

Financial Literacy Driving Digital Payments

793 papers

13.2% of this theme group

Research links improved financial knowledge to higher adoption of digital payment tools.

Payment (682) · Database transaction (140) · Financial literacy (58) · Payment system (150)

Pengaruh Financial Knowledge, Perceived Ease of Use Serta Peran E-Commerce Terhadap Minat UMKM dalam Menggunakan Aplikasi Digital Payment

The Influence of Digital Financial Literacy on Digital Payment Adoption and Its Impact on the Financial Performance of MSMEs

View research history
YearShare index
2022173.7
2023174.3
2024111.7
2025204.7
Secure Mobile Authentication TechnologiesOpportunities · 06

Secure Mobile Authentication Technologies

663 papers

11.1% of this theme group

Papers develop robust authentication and NFC methods for safe mobile transactions.

Computer security (347) · Mobile payment (431) · Authentication (120) · Near field communication (82)

A secure mobile electronic payment architecture platform for wireless mobile networks

Secure remote mobile payment architecture and application

View research history
YearShare index
2022854.0
2023823.1
2024531.0
2025226.5
FinTech Solutions for InclusionOpportunities · 07

FinTech Solutions for Inclusion

532 papers

8.9% of this theme group

Studies demonstrate fintech’s potential to broaden financial services for underserved populations.

Financial inclusion (479) · Financial services (297) · Inclusion (85) · FinTech (107)

Mobile banking for financial inclusion in a developing economy

Fintech and Financial Inclusion: Evaluating the Impact of Mobile Banking on SME Growth in Sub-Saharan Africa

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8

How this field compares with the research baseline

Orientation shares compared with 25,000 papers in the reference sample.

Research orientationThis fieldReference sample
Descriptive30.8%17.7%
Promising27.6%37.6%
Problem-identifying22.1%9.5%
Breakthrough8.0%25.7%
Cautionary6.5%4.7%
Comparative3.6%3.9%
Critical1.3%1.0%

Concerns receiving less research attention

Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.

Concern / example paperPapersShareRaised as a problemWorldwide share
Privacy & surveillanceIncentives for Mobile Crowd Sensing: A Survey2,12310.02%672 (31.7%)10.02%
Labour & data workMobile Money Taxation and Informal Workers: Evidence from Ghana’s E-Levy470.22%23 (48.9%)0.22%
Concentration of compute powerThe Economic Fallout of Exclusion of the Islamic Republic of Iran from the SWIFT International Payment Network410.19%23 (56.1%)0.19%
Safety & misuseWhispers of Wealth: Red-Teaming Google's Agent Payments Protocol via Prompt Injection80.04%4 (50.0%)0.04%
Bias & fairnessThe Impact of Mobile Data Cost on Consumer Price Sensitivity: A Study of a Hotel Booking App70.03%2 (28.6%)0.03%
Energy & datacenter footprintThe nexus between fintech and green finance in advancing sustainable performance across countries30.01%0 (0.0%)0.01%
Hardware, e-waste & supply chainA REVIEW ON MOBILE ELECTRONIC WASTE RECYCLING AMONG MALAYSIAN USERS30.01%1 (33.3%)0.01%
Water use00.0%0 (%)0.0%
Carbon & emissions of compute00.0%0 (%)0.0%

Institution and researcher rankings use citations to their covered work. Research scope: worldwide. This may be broader than the company geography.

UNDERSTAND THE LANDSCAPE

Payments Infrastructure in Singapore: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put Singapore in context

All landscapes ↗

Company ecosystem snapshot: 4 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon