According to PayNXT360, the cashback market in Singapore is expected to grow by 12.0% annually, reaching US$714.8 million by 2026. The cashback market in the country has experienced robust growth dur...
According to PayNXT360, the cashback market in Singapore is expected to grow by 12.0% annually, reaching US$714.8 million by 2026. The cashback market in the country has experienced robust growth during 2021-2025, achieving a CAGR of 13.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 10.7% from 2026 to 2030. By the end of 2030, the cashback market is projected to expand from its 2025 value of US$638.3 million to approximately US$1,074.2 million. Key Trends and Drivers Digital banks are moving into mainstream cashback credit cards, raising pressure on incumbent issuers • Singapore’s cashback-card competition has broadened with the entry of GXS Bank into credit-card cashback in August 2026. GXS launched its first credit card on 17 August 2026, offering a 1.75% cash rebate on eligible non-Grab local spending once the S$500 monthly qualifying threshold is met, while eligible Singtel transactions receive 1.75% cashback without a minimum-spend requirement or cap. The cash rebate is credited to the credit-card account. GXS separately awards GrabCoins on Grab transactions; these are not treated as monetary cashback in this analysis. The significance is therefore the introduction of a genuine flat-rate cash component by a digital bank with distribution embedded into the Grab and Singtel ecosystems, rather than another points-led fintech proposition. • The differentiator is increasingly ecosystem distribution rather than cashback rate alone. In July 2026, GXS introduced integration that allows eligible customers to apply for the credit card through the Grab app and automatically link the approved card as a Grab payment method. This lowers acquisition friction and gives GXS a route to connect financial-services cashback with recurring everyday expenditure. The structure also illustrates why digital banks can compete differently from traditional issuers: cashback is being combined with embedded banking, app-based tracking and ecosystem-specific transaction relationships rather than marketed as a stand-alone card feature. • Competition for financial-services cashback issuance is likely to increase; particularly around simple flat-rate cashback combined with ecosystem-specific enhancements. Traditional banks will not necessarily respond with permanently higher universal rates; they are more likely to defend engagement through merchant categories, temporary bonuses and existing banking relationships. Digital banks, meanwhile, can use cashback to increase primary-card usage and cross-sell other financial products. GXS therefore marks an important competitive change: cashback is becoming a customer-acquisition and ecosystem-activation tool for Singapore’s digital banks, rather than remaining primarily an incumbent-bank credit-card feature. Incumbent banks are concentrating high cashback rates on selected behaviour while tightening broad-based earning • Recent issuer changes show a shift from simply advertising high headline cashback toward more selective allocation of reward budgets. UOB began offering Absolute Cashback cardholders an additional 0.3% on eligible contactless transactions from 4 August 2026 to 31 January 2027, lifting the applicable rate to as much as 2% with no cap. However, from 4 September 2026, overseas transactions in selected categories including charity, education, government, healthcare, utilities and professional services, together with Grab wallet top-ups, will earn only 0.3% rather than the standard 1.7%. DBS made a similar concentration move on the yuu card from October 2025: the threshold for the additional 13% cash rebate rose from S$600 to S$800, customers must transact with four participating merchants, and non-yuu spending was reduced from 0.5% to 0.25%, while SimplyGo was added to the high-rebate ecosystem. • The recent structures indicate that issuers increasingly want cashback to change transaction behaviour rather than subsidise all expenditure equally. UOB is temporarily rewarding physical contactless usage while reducing the earn rate on selected lower-priority categories; DBS is preserving very high yuu rebates only when customers meet higher spending and merchant-engagement conditions. This gives issuers greater control over cashback cost while directing transactions toward payment methods, merchants and ecosystems where the card relationship can generate stronger engagement. It also allows banks to maintain competitive headline rates without applying those rates to the entire cardholder spending base. • Singapore is likely to see continued headline generosity but more conditional effective cashback rates. Higher minimum spends; merchant requirements, category exclusions, caps and limited-period bonuses should become more important mechanisms for protecting program economics. Cashback issuance may consequently shift toward transactions that issuers specifically want to acquire such as transport, contactless payments, groceries, dining and ecosystem merchants rather than expanding uniformly across all card spending. Consumers will still find high advertised rates, but achieving them will increasingly depend on meeting behavioural conditions, making program design and targeting more important competitive variables than the headline percentage alone. ShopBack is extending cashback from affiliate click-throughs into card-linked and in-store payment journeys • A meaningful recent development is the expansion of cashback platforms deeper into the payment transaction itself. On 11 August 2026, ShopBack announced an expanded Singapore partnership with Visa spanning online spending, card-linked offers and ShopBack Pay. Current Visa-ShopBack programs running through February 2027 include bonus cashback on major e-commerce marketplaces, S$10 cashback on qualifying Tuesday travel bookings and bonus cashback linked to accumulated in-store ShopBack Pay spending with an enrolled Visa card. This moves the cashback proposition beyond conventional affiliate click-through transactions and gives ShopBack additional ways to reward both physical and digital purchases. • The expansion reflects the economics of merchant-funded, performance-based acquisition. ShopBack states that its online cashback is funded from retailer affiliate marketing budgets and paid in Singapore dollars that can ultimately be withdrawn to a Singapore bank account. Its broader merchant proposition also allows brands to participate online, in-store or both and pay when completed sales are generated. Linking payment-network transactions to cashback therefore extends the same performance-marketing logic into physical commerce while reducing dependence on browser cookies and traditional affiliate tracking. For payment networks and merchants, the model also creates more opportunities to run limited, transaction-linked campaigns instead of universally funding rebates. • Merchant-funded and card-linked cashback should gain relative importance within Singapore’s cashback ecosystem, particularly for platforms seeking to connect e-commerce, travel, dining and physical retail within one account. The model also supports reward stacking: a consumer can potentially receive an issuer’s card cashback while separately earning merchant-funded cashback through an eligible ShopBack transaction. For merchants, this creates an alternative to permanent price reductions because cashback can be activated for particular customers, transaction periods or sales events. The result should be greater use of targeted campaigns and payment-linked offers, while traditional affiliate cashback remains important for online commerce. Cashback products are becoming user-configurable rather than fixed around one earning formula • Trust Bank introduced one of the clearest recent examples of customizable cashback design when its former Cashback card became the Trust Freedom Credit Card in August 2026. Instead of locking customers into one reward structure, Freedom allows them to choose between reward modes and switch every quarter. The monetary options include up to 1.5% Unlimited Cashback or up to 15% Bonus Cashback; under the bonus structure, customers can select a preferred spending category. Trust's terms explicitly state that cashback is credited against the cardholder's outstanding balance, making it a monetary statement credit within the scope of the cashback market. Trust also offers a separate Stockback option, but that component is not treated as cashback here. • The redesign reflects increasing competition to improve relevance per customer instead of maximising one uniform cashback rate. Letting customers alternate between an uncapped-style cashback proposition and higher category-based cashback allows Trust to serve different spending profiles within one product and potentially reduce card switching. Reward economics are also becoming increasingly important for digital banks: Trust's audited 2025 financial statements reported S$46.4 million of card rewards costs, up from S$35.4 million in 2024, alongside approximately S$2.1 million of acquisition costs provided in the form of cashback. While card-reward costs include more than cashback alone, the disclosure illustrates the growing financial significance of incentives and supports greater emphasis on configurable reward structures. • Customizable cashback is likely to become a more visible competitive differentiator, particularly among app-led financial-services providers. Rather than adding ever more separate cards for dining, travel or general spending, issuers can allow customers to change cashback modes or preferred categories inside the app while retaining them on the same underlying product. This should support more personalized cashback issuance and improve the ability to align reward expense with customer value. Singapore's market is therefore likely to see greater competition around choice, real-time reward management and category configuration, alongside the existing competition on headline cashback percentages. Competitive Landscape Over the next 2–4 years, competition is likely to intensify but become more targeted rather than uniformly more generous. Digital banks should raise acquisition pressure on incumbent issuers, while card-linked and merchant-funded models allow Visa, ShopBack and merchants to target particular transactions without permanently raising broad cashback rates. Banks are likely to rely increasingly on minimum-spend thresholds, selected categories, ecosystem merchants, limited-period bonuses and personalized offers to manage reward costs. This favours digital banks and platforms capable of combining payments, merchant relationships and customer-level targeting. Current State of the Market • Singapore’s cashback market remains bank- and card-issuer led, but competitive intensity has increased as digital banks and merchant-funded platforms move closer to the payment transaction. DBS/POSB, UOB, OCBC, Citi, HSBC and Standard Chartered maintain verified cashback-card propositions, while Trust and GXS are widening digital-bank participation. ShopBack is strengthening the non-bank layer through affiliate cashback, ShopBack Pay and card-linked offers. The competitive shift is therefore from stand-alone card rebates toward ecosystem-linked and transaction-targeted cashback, rather than toward retailer-operated cashback programs in isolation. Key Players and New Entrants • Among established issuers, DBS/POSB, UOB, OCBC, Citi, HSBC and Standard Chartered compete through category-based, tiered and flat-rate cashback. Trust Bank adds an app-led model through its Freedom card, which allows customers to select up to 1.5% unlimited cashback or up to 15% bonus cashback and change reward mode quarterly. The most significant new entrant is GXS Bank, which launched its first credit card in August 2026 with 1.75% monetary cashback on qualifying local spending and Singtel transactions, bringing the Grab-Singtel digital-bank ecosystem directly into cashback-card competition. Recent Launches, Partnerships, Mergers, and Acquisitions • Recent competition has centred on product restructuring and partnerships rather than verified cashback-specific M&A. In August 2026, ShopBack expanded its Visa partnership across affiliate cashback, card-linked offers and ShopBack Pay; Visa-linked campaigns currently provide additional cashback for online marketplaces, travel and in-store spending. UOB simultaneously introduced an additional 0.3% cashback for eligible contactless Absolute Card transactions through January 2027 while reducing cashback on selected transactions from September. DBS had earlier tightened its yuu structure from October 2025 by requiring S$800 monthly spend and activity across four participating merchants to earn the additional 13% cash rebate. This report provides a detailed data-centric analysis of the cashback industry in Singapore offering comprehensive coverage of cashback markets. It includes more than 90+ KPIs, covering the Total Transaction Value of Cashback and Cashback Spend. The report delivers a structured evaluation of the cashback market across its core application areas, including retail commerce, travel and mobility, food services, media and entertainment, healthcare and wellness, and digital services. It examines how cashback is deployed across online, in-store, and app-based channels, and how program design varies by business model, payment instrument, and platform environment. The analysis further assesses cashback flows across domestic and cross-border transactions, regional and city-tier adoption patterns, and consumer segments defined by age, income, and gender. Taken together, these insights provide a holistic view of cashback spend dynamics, transaction behavior, and the role of cashback as a governed incentive layer within digital commerce ecosystems. PayNXT360’s research methodology is based on industry best practices. It's unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
This report provides a detailed, data-centric analysis of the cashback market in Singapore, covering market size, transaction value, cashback spend, business models, channels, program types, end-use sectors, sector-level segments, and consumer demographics and behaviour. Below is a summary of the key market segments: • Singapore Cashback Market Size and Growth Dynamics -- Total Transaction Value of Cashback • Singapore Total Transaction Value of Cashback by Business Model -- Retail Firms -- Partner Programs -- Financial Services Firms -- Market Share by Business Model • Singapore Cashback Program Market Statistics -- Cashback Spend Market Size and Future Growth Dynamics -- Cashback Program Metrics • Singapore Cashback Spend by Business Model -- Retail Firms -- Partner Programs -- Financial Services Firms -- Market Share by Business Model • Singapore Cashback Spend by Channel -- Online -- In-Store -- Mobile App -- Market Share by Channel • Singapore Cashback Spend by Cashback Program Type -- Percentage-Based Cashback -- Flat-Rate Cashback Programs -- Tiered Cashback Programs -- Introductory Cashback -- Rotating Categories -- Bonus Category Cashback Programs -- Customizable Cashback Programs -- App-Based Cashback Programs -- Loyalty Program Cashback -- Affiliate Cashback Programs -- Other Cashback Programs • Singapore Cashback Spend by End-Use Sector -- Retail -- Financial Services -- Healthcare & Wellness -- Restaurants & Food Delivery -- Travel & Hospitality -- Media & Entertainment -- Other End-Use Sectors • Cross-Segmentation: Online Cashback Spend by End-Use Sector -- Retail -- Financial Services -- Healthcare & Wellness -- Restaurants & Food Delivery -- Travel & Hospitality -- Media & Entertainment -- Other End-Use Sectors • Cross-Segmentation: In-Store Cashback Spend by End-Use Sector -- Retail -- Financial Services -- Healthcare & Wellness -- Restaurants & Food Delivery -- Travel & Hospitality -- Media & Entertainment -- Other End-Use Sectors • Cross-Segmentation: Mobile App Cashback Spend by End-Use Sector -- Retail -- Financial Services -- Healthcare & Wellness -- Restaurants & Food Delivery -- Travel & Hospitality -- Media & Entertainment -- Other End-Use Sectors • Singapore Retail Sector Cashback Spend -- E-commerce -- Department Stores -- Specialty Stores -- Clothing, Footwear & Accessories -- Supermarkets and Convenience Stores -- Home Improvement -- Other Retail Segments • Singapore Financial Services Cashback Spend -- Credit Cards -- Debit Cards -- Digital Wallets -- Banking Apps -- Prepaid Cards -- Cash Vouchers • Singapore Healthcare & Wellness Cashback Spend -- Health Products -- Fitness Services • Singapore Restaurants & Food Delivery Cashback Spend -- Food Delivery Apps -- Dining Out • Singapore Travel & Hospitality Cashback Spend -- Airlines -- Hotels -- Cabs and Rideshares • Singapore Media & Entertainment Cashback Spend -- Streaming Services -- Digital Content Purchases • Singapore Cashback Spend by Consumer Demographics & Behaviour -- Market Share by Age Group -- Market Share by Income Level -- Market Share by Gender
• Comprehensive Cashback Market Intelligence: Gain an integrated view of the cashback market, covering total transaction value, cashback spend, market growth, and key program performance indicators to assess the scale, maturity, and future development of the market. • Granular Business Model Analysis: Evaluate cashback activity across retail firms, partner programs, and financial services firms, with historical and forecast analysis of transaction value, cashback spend, market shares, and growth dynamics. • Channel-Level Cashback Insights: Understand how cashback spending is distributed across online, in-store, and mobile app channels, supported by detailed cross-analysis of channel performance across major end-use sectors. • Detailed Cashback Program Benchmarking: Assess the adoption and growth of percentage-based, flat-rate, tiered, introductory, rotating category, bonus category, customizable, app-based, loyalty, affiliate, and other cashback program structures to identify changing program preferences. • End-Use Sector and Cross-Channel Analysis: Analyze cashback spending across retail, financial services, healthcare & wellness, restaurants & food delivery, travel & hospitality, and media & entertainment, including dedicated online, in-store, and mobile-app sector analysis. • Deep-Dive Sector Intelligence: Examine cashback opportunities within key sectors, including e-commerce, department stores, specialty retail, credit and debit cards, digital wallets, banking apps, food delivery, dining out, airlines, hotels, rideshares, streaming services, and digital content purchases. • Consumer Demographics and Behaviour Analysis: Understand cashback spending patterns across age groups, income levels, and gender to identify key consumer segments, spending concentration, and opportunities for more targeted cashback propositions. • Forecasts and Decision-Ready Benchmarking: Access historical and forecast data from 2021 to 2030, supported by market shares and detailed segment-level KPIs, enabling banks, card issuers, retailers, fintechs, cashback platforms, payment providers, and investors to evaluate growth opportunities, market positioning, and strategic priorities.
1. About this Report 1.1 Summary 1.2 Methodology 1.3 Definition 1.4 Disclaimer 2. Singapore Total Transaction Value of Cashback, 2021-2030 3. Singapore Total Transaction Value of Cashback by Business Model, 2021-2030 3.1 Singapore Total Transaction Value of Cashback Market Share by Business Model, 2025 3.2 Singapore Total Transaction Value of Cashback by Retail Firms, 2021-2030 3.3 Singapore Total Transaction Value of Cashback by Partner Programs, 2021-2030 3.4 Singapore Total Transaction Value of Cashback by Financial Services Firms, 2021-2030 4. Singapore Cashback Program Sector Statistics: Key Performance Indicators 4.1 Singapore Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 4.2 Singapore Key Performance Metrics of Cashback Programs, 2025 5. Singapore Cashback Spend Market Size and Future Growth Dynamics by Business Model, 2021-2030 5.1 Singapore Cashback Spend Market Share by Business Model, 2025 5.2 Singapore Cashback Spend by Retail Firms, 2021-2030 5.3 Singapore Cashback Spend by Partner Programs, 2021-2030 5.4 Singapore Cashback Spend by Financial Services Firms, 2021-2030 6. Singapore Cashback Spend Market Size and Future Growth Dynamics by Channel, 2021-2030 6.1 Singapore Cashback Spend Market Share by Channel, 2025 6.2 Singapore Cashback Spend by Online, 2021-2030 6.3 Singapore Cashback Spend by In-Store, 2021-2030 6.4 Singapore Cashback Spend by Mobile App, 2021-2030 7. Singapore Cashback Spend Market Size and Future Growth Dynamics by Cashback Program Type, 2021-2030 7.1 Singapore Cashback Spend Market Share by Cashback Program Type, 2025 7.2 Singapore Cashback Spend by Percentage-Based Cashback, 2021-2030 7.3 Singapore Cashback Spend by Flat-Rate Cashback Programs, 2021-2030 7.4 Singapore Cashback Spend by Tiered Cashback Programs, 2021-2030 7.5 Singapore Cashback Spend by Introductory Cashback, 2021-2030 7.6 Singapore Cashback Spend by Rotating Categories, 2021-2030 7.7 Singapore Cashback Spend by Bonus Category Cashback Programs, 2021-2030 7.8 Singapore Cashback Spend by Customizable Cashback Programs, 2021-2030 7.9 Singapore Cashback Spend by App-Based Cashback Programs, 2021-2030 7.10 Singapore Cashback Spend by Loyalty Program Cashback, 2021-2030 7.11 Singapore Cashback Spend by Affiliate Cashback Programs, 2021-2030 7.12 Singapore Cashback Spend by Other Cashback Programs, 2021-2030 8. Singapore Cashback Spend Market Size and Future Growth Dynamics by End-Use Sector, 2021-2030 8.1 Singapore Cashback Spend Market Share by End-Use Sector, 2025 8.2 Singapore Cashback Spend by Retail, 2021-2030 8.3 Singapore Cashback Spend by Financial Services, 2021-2030 8.4 Singapore Cashback Spend by Healthcare & Wellness, 2021-2030 8.5 Singapore Cashback Spend by Restaurants & Food Delivery, 2021-2030 8.6 Singapore Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines), 2021-2030 8.7 Singapore Cashback Spend by Media & Entertainment, 2021-2030 8.8 Singapore Cashback Spend by Others, 2021-2030 9. Singapore Online Cashback Spend Market Size and Future Growth Dynamics by End-Use Sector, 2021-2030 9.1 Singapore Online Cashback Spend Market Share by End-Use Sector, 2025 9.2 Singapore Online Cashback Spend by Retail, 2021-2030 9.3 Singapore Online Cashback Spend by Financial Services, 2021-2030 9.4 Singapore Online Cashback Spend by Healthcare & Wellness, 2021-2030 9.5 Singapore Online Cashback Spend by Restaurants & Food Delivery, 2021-2030 9.6 Singapore Online Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines), 2021-2030 9.7 Singapore Online Cashback Spend by Media & Entertainment, 2021-2030 9.8 Singapore Online Cashback Spend by Others, 2021-2030 10. Singapore In-store Cashback Spend Market Size and Future Growth Dynamics by End-Use Sector, 2021-2030 10.1 Singapore In-store Cashback Spend Market Share by End-Use Sector, 2025 10.2 Singapore In-store Cashback Spend by Retail, 2021-2030 10.3 Singapore In-store Cashback Spend by Financial Services, 2021-2030 10.4 Singapore In-store Cashback Spend by Healthcare & Wellness, 2021-2030 10.5 Singapore In-store Cashback Spend by Restaurants & Food Delivery, 2021-2030 10.6 Singapore In-store Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines), 2021-2030 10.7 Singapore In-store Cashback Spend by Media & Entertainment, 2021-2030 10.8 Singapore In-store Cashback Spend by Others, 2021-2030 11. Singapore Mobile App Cashback Spend Market Size and Future Growth Dynamics by End-Use Sector, 2021-2030 11.1 Singapore Mobile App Cashback Spend Market Share by End-Use Sector, 2025 11.2 Singapore Mobile App Cashback Spend by Retail, 2021-2030 11.3 Singapore Mobile App Cashback Spend by Financial Services, 2021-2030 11.4 Singapore Mobile App Cashback Spend by Healthcare & Wellness, 2021-2030 11.5 Singapore Mobile App Cashback Spend by Restaurants & Food Delivery, 2021-2030 11.6 Singapore Mobile App Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines), 2021-2030 11.7 Singapore Mobile App Cashback Spend by Media & Entertainment, 2021-2030 11.8 Singapore Mobile App Cashback Spend by Others, 2021-2030 12. Singapore Retail Sector Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 12.1 Singapore Retail Sector Cashback Spend Market Share by Segments, 2025 12.2 Singapore Cashback Spend by E-commerce, 2021-2030 12.3 Singapore Cashback Spend by Department Stores, 2021-2030 12.4 Singapore Cashback Spend by Specialty Stores, 2021-2030 12.5 Singapore Cashback Spend by Clothing, Footwear & Accessories, 2021-2030 12.6 Singapore Cashback Spend by Supermarket and Convenience Store, 2021-2030 12.7 Singapore Cashback Spend by Home Improvement, 2021-2030 12.8 Singapore Cashback Spend by Others, 2021-2030 13. Singapore Financial Services Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 13.1 Singapore Financial Services Cashback Spend Market Share by Segments, 2025 13.2 Singapore Cashback Spend by Credit Cards, 2021-2030 13.3 Singapore Cashback Spend by Debit Cards, 2021-2030 13.4 Singapore Cashback Spend by Digital Wallets, 2021-2030 13.5 Singapore Cashback Spend by Banking Apps, 2021-2030 13.6 Singapore Cashback Spend by Prepaid Cards, 2021-2030 13.7 Singapore Cashback Spend by Cash Vouchers, 2021-2030 14. Singapore Healthcare & Wellness Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 14.1 Singapore Healthcare & Wellness Cashback Spend Market Share by Segments, 2025 14.2 Singapore Cashback Spend by Health Products, 2021-2030 14.3 Singapore Cashback Spend by Fitness Services, 2021-2030 15. Singapore Restaurants & Food Delivery Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 15.1 Singapore Restaurants & Food Delivery Cashback Spend Market Share by Segments, 2025 15.2 Singapore Cashback Spend by Food Delivery Apps, 2021-2030 15.3 Singapore Cashback Spend by Dinning Out, 2021-2030 16. Singapore Travel & Hospitality (Cabs, Hotels, Airlines) Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 16.1 Singapore Travel & Hospitality (Cabs, Hotels, Airlines) Cashback Spend Market Share by Segments, 2025 16.2 Singapore Cashback Spend by Airlines, 2021-2030 16.3 Singapore Cashback Spend by Hotels, 2021-2030 16.4 Singapore Cashback Spend by Cabs and Rideshares, 2021-2030 17. Singapore Media & Entertainment Cashback Spend Market Size and Future Growth Dynamics, 2021-2030 17.1 Singapore Media & Entertainment Cashback Spend Market Share by Segments, 2025 17.2 Singapore Cashback Spend by Streaming Services, 2021-2030 17.3 Singapore Cashback Spend by Digital Content Purchases, 2021-2030 18. Singapore Cashback Spend Market Size and Future Growth Dynamics by Consumer Demographics & Behaviour, 2021-2030 18.1 Singapore Cashback Spend Market Share by Age Group, 2025 18.2 Singapore Cashback Spend Market Share by Income Level, 2025 18.3 Singapore Cashback Spend Market Share by Gender, 2025 19. Further Reading 19.1 About PayNXT360 19.2 Related Research
Table 1: Singapore Total Cashback Issued Market Size (US$ Million), 2021-2030 Table 2: Singapore Total Transaction Value of Cashback by Retail Firms (US$ Million), 2021-2030 Table 3: Singapore Total Transaction Value of Cashback by Partner Programs (US$ Million), 2021-2030 Table 4: Singapore Total Transaction Value of Cashback by Financial Services Firms (US$ Million), 2021-2030 Table 5: Singapore Total Cashback Spend Market Size (US$ Million), 2021-2030 Table 6: Singapore Cashback Spend by Retail Firms (US$ Million), 2021-2030 Table 7: Singapore Cashback Spend by Partner Programs (US$ Million), 2021-2030 Table 8: Singapore Cashback Spend by Financial Services Firms (US$ Million), 2021-2030 Table 9: Singapore Cashback Spend by Online (US$ Million), 2021-2030 Table 10: Singapore Cashback Spend by In-Store (US$ Million), 2021-2030 Table 11: Singapore Cashback Spend by Mobile App (US$ Million), 2021-2030 Table 12: Singapore Cashback Spend by Percentage-Based Cashback (US$ Million), 2021-2030 Table 13: Singapore Cashback Spend by Flat-Rate Cashback Programs (US$ Million), 2021-2030 Table 14: Singapore Cashback Spend by Tiered Cashback Programs (US$ Million), 2021-2030 Table 15: Singapore Cashback Spend by Introductory Cashback (US$ Million), 2021-2030 Table 16: Singapore Cashback Spend by Rotating Categories (US$ Million), 2021-2030 Table 17: Singapore Cashback Spend by Bonus Category Cashback Programs (US$ Million), 2021-2030 Table 18: Singapore Cashback Spend by Customizable Cashback Programs (US$ Million), 2021-2030 Table 19: Singapore Cashback Spend by App-Based Cashback Programs (US$ Million), 2021-2030 Table 20: Singapore Cashback Spend by Loyalty Program Cashback (US$ Million), 2021-2030 Table 21: Singapore Cashback Spend by Affiliate Cashback Programs (US$ Million), 2021-2030 Table 22: Singapore Cashback Spend by Other Cashback Programs (US$ Million), 2021-2030 Table 23: Singapore Cashback Spend by Retail (US$ Million), 2021-2030 Table 24: Singapore Cashback Spend by Financial Services (US$ Million), 2021-2030 Table 25: Singapore Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Table 26: Singapore Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Table 27: Singapore Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Table 28: Singapore Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Table 29: Singapore Cashback Spend by Others (US$ Million), 2021-2030 Table 30: Singapore Online Cashback Spend by Retail (US$ Million), 2021-2030 Table 31: Singapore Online Cashback Spend by Financial Services (US$ Million), 2021-2030 Table 32: Singapore Online Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Table 33: Singapore Online Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Table 34: Singapore Online Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Table 35: Singapore Online Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Table 36: Singapore Online Cashback Spend by Others (US$ Million), 2021-2030 Table 37: Singapore In-store Cashback Spend by Retail (US$ Million), 2021-2030 Table 38: Singapore In-store Cashback Spend by Financial Services (US$ Million), 2021-2030 Table 39: Singapore In-store Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Table 40: Singapore In-store Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Table 41: Singapore In-store Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Table 42: Singapore In-store Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Table 43: Singapore In-store Cashback Spend by Others (US$ Million), 2021-2030 Table 44: Singapore Mobile App Cashback Spend by Retail (US$ Million), 2021-2030 Table 45: Singapore Mobile App Cashback Spend by Financial Services (US$ Million), 2021-2030 Table 46: Singapore Mobile App Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Table 47: Singapore Mobile App Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Table 48: Singapore Mobile App Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Table 49: Singapore Mobile App Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Table 50: Singapore Mobile App Cashback Spend by Others (US$ Million), 2021-2030 Table 51: Singapore Cashback Spend by E-commerce (US$ Million), 2021-2030 Table 52: Singapore Cashback Spend by Department Stores (US$ Million), 2021-2030 Table 53: Singapore Cashback Spend by Specialty Stores (US$ Million), 2021-2030 Table 54: Singapore Cashback Spend by Clothing, Footwear & Accessories (US$ Million), 2021-2030 Table 55: Singapore Cashback Spend by Supermarket and Convenience Store (US$ Million), 2021-2030 Table 56: Singapore Cashback Spend by Home Improvement (US$ Million), 2021-2030 Table 57: Singapore Cashback Spend by Others (US$ Million), 2021-2030 Table 58: Singapore Cashback Spend by Credit Cards (US$ Million), 2021-2030 Table 59: Singapore Cashback Spend by Debit Cards (US$ Million), 2021-2030 Table 60: Singapore Cashback Spend by Digital Wallets (US$ Million), 2021-2030 Table 61: Singapore Cashback Spend by Banking Apps (US$ Million), 2021-2030 Table 62: Singapore Cashback Spend by Prepaid Cards (US$ Million), 2021-2030 Table 63: Singapore Cashback Spend by Cash Vouchers (US$ Million), 2021-2030 Table 64: Singapore Cashback Spend by Health Products (US$ Million), 2021-2030 Table 65: Singapore Cashback Spend by Fitness Services (US$ Million), 2021-2030 Table 66: Singapore Cashback Spend by Food Delivery Apps (US$ Million), 2021-2030 Table 67: Singapore Cashback Spend by Dinning Out (US$ Million), 2021-2030 Table 68: Singapore Cashback Spend by Airlines (US$ Million), 2021-2030 Table 69: Singapore Cashback Spend by Hotels (US$ Million), 2021-2030 Table 70: Singapore Cashback Spend by Cabs and Rideshares (US$ Million), 2021-2030 Table 71: Singapore Cashback Spend by Streaming Services (US$ Million), 2021-2030 Table 72: Singapore Cashback Spend by Digital Content Purchases (US$ Million), 2021-2030
Figure 1: PayNXT360’s Methodology Framework Figure 2: Singapore Total Cashback Issued Market Size (US$ Million), 2021-2030 Figure 3: Singapore Total Cashback Issued Market Share by Business Model (%), 2025 Figure 4: Singapore Total Transaction Value of Cashback by Retail Firms (US$ Million), 2021-2030 Figure 5: Singapore Total Transaction Value of Cashback by Partner Programs (US$ Million), 2021-2030 Figure 6: Singapore Total Transaction Value of Cashback by Financial Services Firms (US$ Million), 2021-2030 Figure 7: Singapore Total Cashback Spend Market Size (US$ Million), 2021-2030 Figure 8: Singapore Cashback Programs Market Share by Key Performance Metrics (%), 2025 Figure 9: Singapore Cashback Spend Market Share by Channel (%), 2025 Figure 10: Singapore Cashback Spend by Retail Firms (US$ Million), 2021-2030 Figure 11: Singapore Cashback Spend by Partner Programs (US$ Million), 2021-2030 Figure 12: Singapore Cashback Spend by Financial Services Firms (US$ Million), 2021-2030 Figure 13: Singapore Cashback Spend Market Share by Channel (%), 2025 Figure 14: Singapore Cashback Spend by Online (US$ Million), 2021-2030 Figure 15: Singapore Cashback Spend by In-Store (US$ Million), 2021-2030 Figure 16: Singapore Cashback Spend by Mobile App (US$ Million), 2021-2030 Figure 17: Singapore Cashback Spend Market Share by Cashback Program Type (%), 2025 Figure 18: Singapore Cashback Spend by Percentage-Based Cashback (US$ Million), 2021-2030 Figure 19: Singapore Cashback Spend by Flat-Rate Cashback Programs (US$ Million), 2021-2030 Figure 20: Singapore Cashback Spend by Tiered Cashback Programs (US$ Million), 2021-2030 Figure 21: Singapore Cashback Spend by Introductory Cashback (US$ Million), 2021-2030 Figure 22: Singapore Cashback Spend by Rotating Categories (US$ Million), 2021-2030 Figure 23: Singapore Cashback Spend by Bonus Category Cashback Programs (US$ Million), 2021-2030 Figure 24: Singapore Cashback Spend by Customizable Cashback Programs (US$ Million), 2021-2030 Figure 25: Singapore Cashback Spend by App-Based Cashback Programs (US$ Million), 2021-2030 Figure 26: Singapore Cashback Spend by Loyalty Program Cashback (US$ Million), 2021-2030 Figure 27: Singapore Cashback Spend by Affiliate Cashback Programs (US$ Million), 2021-2030 Figure 28: Singapore Cashback Spend by Other Cashback Programs (US$ Million), 2021-2030 Figure 29: Singapore Cashback Spend Market Share by End-Use Sector (%), 2025 Figure 30: Singapore Cashback Spend by Retail (US$ Million), 2021-2030 Figure 31: Singapore Cashback Spend by Financial Services (US$ Million), 2021-2030 Figure 32: Singapore Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Figure 33: Singapore Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Figure 34: Singapore Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Figure 35: Singapore Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Figure 36: Singapore Cashback Spend by Others (US$ Million), 2021-2030 Figure 37: Singapore Online Cashback Spend Market Share by End-Use Sector (%), 2025 Figure 38: Singapore Online Cashback Spend by Retail (US$ Million), 2021-2030 Figure 39: Singapore Online Cashback Spend by Financial Services (US$ Million), 2021-2030 Figure 40: Singapore Online Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Figure 41: Singapore Online Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Figure 42: Singapore Online Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Figure 43: Singapore Online Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Figure 44: Singapore Online Cashback Spend by Others (US$ Million), 2021-2030 Figure 45: Singapore In-store Cashback Spend Market Share by End-Use Sector (%), 2025 Figure 46: Singapore In-store Cashback Spend by Retail (US$ Million), 2021-2030 Figure 47: Singapore In-store Cashback Spend by Financial Services (US$ Million), 2021-2030 Figure 48: Singapore In-store Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Figure 49: Singapore In-store Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Figure 50: Singapore In-store Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Figure 51: Singapore In-store Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Figure 52: Singapore In-store Cashback Spend by Others (US$ Million), 2021-2030 Figure 53: Singapore Mobile App Cashback Spend Market Share by End-Use Sector (%), 2025 Figure 54: Singapore Mobile App Cashback Spend by Retail (US$ Million), 2021-2030 Figure 55: Singapore Mobile App Cashback Spend by Financial Services (US$ Million), 2021-2030 Figure 56: Singapore Mobile App Cashback Spend by Healthcare & Wellness (US$ Million), 2021-2030 Figure 57: Singapore Mobile App Cashback Spend by Restaurants & Food Delivery (US$ Million), 2021-2030 Figure 58: Singapore Mobile App Cashback Spend by Travel & Hospitality (Cabs, Hotels, Airlines) (US$ Million), 2021-2030 Figure 59: Singapore Mobile App Cashback Spend by Media & Entertainment (US$ Million), 2021-2030 Figure 60: Singapore Mobile App Cashback Spend by Others (US$ Million), 2021-2030 Figure 61: Singapore Retail Sector Cashback Spend Market Share by Segments (%), 2025 Figure 62: Singapore Cashback Spend by E-commerce (US$ Million), 2021-2030 Figure 63: Singapore Cashback Spend by Department Stores (US$ Million), 2021-2030 Figure 64: Singapore Cashback Spend by Specialty Stores (US$ Million), 2021-2030 Figure 65: Singapore Cashback Spend by Clothing, Footwear & Accessories (US$ Million), 2021-2030 Figure 66: Singapore Cashback Spend by Supermarket and Convenience Store (US$ Million), 2021-2030 Figure 67: Singapore Cashback Spend by Home Improvement (US$ Million), 2021-2030 Figure 68: Singapore Cashback Spend by Others (US$ Million), 2021-2030 Figure 69: Singapore Cashback Spend Market Share by Segments (%), 2025 Figure 70: Singapore Cashback Spend by Credit Cards (US$ Million), 2021-2030 Figure 71: Singapore Cashback Spend by Debit Cards (US$ Million), 2021-2030 Figure 72: Singapore Cashback Spend by Digital Wallets (US$ Million), 2021-2030 Figure 73: Singapore Cashback Spend by Banking Apps (US$ Million), 2021-2030 Figure 74: Singapore Cashback Spend by Prepaid Cards (US$ Million), 2021-2030 Figure 75: Singapore Cashback Spend by Cash Vouchers (US$ Million), 2021-2030 Figure 76: Singapore Healthcare & Wellness Cashback Spend Market Share by Segments (%), 2025 Figure 77: Singapore Cashback Spend by Health Products (US$ Million), 2021-2030 Figure 78: Singapore Cashback Spend by Fitness Services (US$ Million), 2021-2030 Figure 79: Singapore Restaurants & Food Delivery Cashback Spend Market Share by Segments (%), 2025 Figure 80: Singapore Cashback Spend by Food Delivery Apps (US$ Million), 2021-2030 Figure 81: Singapore Cashback Spend by Dinning Out (US$ Million), 2021-2030 Figure 82: Singapore Travel & Hospitality (Cabs, Hotels, Airlines) Cashback Spend Market Share by Segments (%), 2025 Figure 83: Singapore Cashback Spend by Airlines (US$ Million), 2021-2030 Figure 84: Singapore Cashback Spend by Hotels (US$ Million), 2021-2030 Figure 85: Singapore Cashback Spend by Cabs and Rideshares (US$ Million), 2021-2030 Figure 86: Singapore Media & Entertainment Cashback Spend Market Share by Segments (%), 2025 Figure 87: Singapore Cashback Spend by Streaming Services (US$ Million), 2021-2030 Figure 88: Singapore Cashback Spend by Digital Content Purchases (US$ Million), 2021-2030 Figure 89: Singapore Cashback Spend Market Share by Age Group (%), 2025 Figure 90: Singapore Cashback Spend Market Share by Income Level (%), 2025 Figure 91: Singapore Cashback Spend Market Share by Gender (%), 2025
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