Singapore leads Asia in real-time payment links at 28% — Eter News

Enriched Analysis 深度解析

Singapore leads Asia in real-time payment links at 28%新加坡实时支付连接覆盖率以28%领跑亚洲

Singapore had the highest coverage of national real-time payment links among the Asian markets surveyed, at 28%, followed by the Philippines at 26% and Thailand at 23%. The report points to expanding bilateral corridors, direct connections between bank and non-bank payment systems, and future multilateral projects such as Project Nexus.在受调查的亚洲市场中，新加坡国家级实时支付连接覆盖率最高，达到28%，菲律宾和泰国分别为26%和23%。报告显示，相关工作正扩展双边支付通道、连接银行与非银行支付系统，并推进Project Nexus等多边项目。

Asian Business Review 4 Oct 2026 2026年10月4日

2828

Singapore新加坡

4141

Present coverage现有覆盖

01The Story新闻事实

Singapore had the highest coverage of national real-time payment links among the Asian markets surveyed, at 28%, followed by the Philippines at 26% and Thailand at 23%. The report points to expanding bilateral corridors, direct connections between bank and non-bank payment systems, and future multilateral projects such as Project Nexus.在受调查的亚洲市场中，新加坡国家级实时支付连接覆盖率最高，达到28%，菲律宾和泰国分别为26%和23%。报告显示，相关工作正扩展双边支付通道、连接银行与非银行支付系统，并推进Project Nexus等多边项目。

  • Singapore recorded 28% coverage of national real-time payment links, the highest among the surveyed Asian markets.新加坡国家级实时支付连接覆盖率为28%，在受调查的亚洲市场中最高。
  • The Philippines ranked second at 26%, followed by Thailand at 23%; overall coverage across the surveyed markets was 19%.菲律宾以26%排名第二，泰国为23%；受调查市场的整体覆盖率为19%。
  • Current efforts include bilateral payment corridors such as links between Singapore and India, and between Thailand and Malaysia.当前相关工作包括建设双边支付通道，例如新加坡与印度、泰国与马来西亚之间的连接。
  • Project Nexus is expected to link India, Malaysia, the Philippines, Singapore and Thailand through a multilateral payment network.Project Nexus预计将通过多边支付网络连接印度、马来西亚、菲律宾、新加坡和泰国。
  • China had the highest positive assessment of QR code coverage at 80%, followed by Singapore at 74% and India at 73%.中国对二维码覆盖率的正面评价最高，为80%；新加坡和印度分别为74%和73%。

Singapore’s lead reflects the region’s broader shift from domestic payment systems toward interconnected cross-border payment infrastructure.新加坡的领先反映出亚洲支付体系正从国内系统建设转向跨境互联基础设施。

023 Dimensions维度分析

Comparison对比

Real-time payment connectivity实时支付连接

Singapore led the surveyed markets, while the Philippines and Thailand also recorded higher coverage than the 19% overall level. The figures show uneven progress across Asia.新加坡在受调查市场中领先，菲律宾和泰国的覆盖率也高于19%的整体水平。这些数据表明，亚洲各市场的推进程度并不均衡。

Singapore新加坡

Surveyed markets受调查市场28 %

Surveyed markets受调查市场26 %

Surveyed markets受调查市场23 %

Surveyed markets受调查市场19 %

  • Malaysia recorded 20%, Vietnam 17%, Indonesia 14%, China 11% and Japan 9%.马来西亚为20%，越南为17%，印度尼西亚为14%，中国为11%，日本为9%。
Future signal前瞻信号

From bilateral links to a multilateral network从双边连接走向多边网络

Payment integration is currently centred on bilateral corridors and direct connections between domestic systems used by banks and non-banks. Project Nexus is expected to extend this approach across five markets through a multilateral network.支付整合目前主要围绕双边通道，以及连接银行和非银行机构所使用的国内支付系统展开。Project Nexus预计将通过多边网络把这一模式扩展至五个市场。

  • Project Nexus is expected to connect India, Malaysia, the Philippines, Singapore and Thailand.Project Nexus预计将连接印度、马来西亚、菲律宾、新加坡和泰国。
  • Its initial operational phase is expected to launch later this year.该项目的初始运营阶段预计将于今年晚些时候启动。
Comparison对比

QR-code interoperability二维码互操作性

QR-code and wallet interoperability has further room to expand. Across the surveyed markets, 41% of coverage was classified as present and 48% as future-focused, while 69% of respondents viewed QR-code coverage positively.二维码和电子钱包互操作性仍有进一步扩展空间。在受调查市场中，41%的覆盖被归类为现有覆盖，48%为未来规划，69%的受访者对二维码覆盖持正面看法。

Present coverage现有覆盖

Surveyed markets受调查市场41 %

Surveyed markets受调查市场48 %

Surveyed markets受调查市场11 %

Surveyed markets受调查市场69 %

  • China recorded 80% positive assessment of QR-code coverage, followed by Singapore at 74% and India at 73%.中国对二维码覆盖率的正面评价为80%，新加坡和印度分别为74%和73%。
  • Malaysia and Thailand each recorded 65%, while Japan recorded 50%.马来西亚和泰国均为65%，日本为50%。

Key takeaway核心结论

Singapore leads surveyed Asian markets in real-time payment links as regional integration moves toward broader multilateral and QR-based interoperability.在区域支付整合迈向更广泛的多边网络和二维码互操作之际，新加坡在受调查亚洲市场的实时支付连接方面处于领先地位。

04What to Watch后续关注

  1. The expected launch later this year of Project Nexus’s initial operational phase.Project Nexus初始运营阶段预计于今年晚些时候启动。
  2. Whether bilateral payment corridors expand beyond the links identified between Singapore and India, and Thailand and Malaysia.双边支付通道是否会超出新加坡与印度、泰国与马来西亚之间已提及的连接范围。
  3. Progress under the 50-year roadmap agreed by Indonesia, the Philippines, Vietnam, Singapore and Malaysia under the George Town Accord.印度尼西亚、菲律宾、越南、新加坡和马来西亚根据《乔治敦协议》达成的50年路线图推进情况。

05Uncertainties不确定因素

  • The source does not specify the number of markets or respondents included in the survey.来源未说明调查涵盖的市场数量或受访者人数。
  • The source gives no specific date for the initial operational launch of Project Nexus beyond later this year.除“今年晚些时候”外，来源未给出Project Nexus初始运营阶段启动的具体日期。
  • The coverage figures describe the markets surveyed but do not explain how coverage was measured.这些覆盖率数据针对受调查市场，但来源未解释覆盖率的具体衡量方法。

06Sources信息来源

  1. Singapore leads Asia real-time payment links at 28% - Asian Business ReviewSingapore leads Asia real-time payment links at 28% - Asian Business Review Asian Business Review · 2026-10-04

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