T8: Volume of transactions processed by selected payment systems
(millions, unless otherwise stated; total for the year)
Year
«  2020  »
2016 2017 2018 2019 2020
Large-value payment systems
MEPS+(IFT)
Total gross volume56666
Breakdown of 'total gross volume' by instrument type
Credit transfersnavnavnavnavnav
Direct debitsnavnavnavnavnav
Chequesnavnavnavnavnav
Card and e-money paymentsnavnavnavnavnav
Other payment instrumentsnavnavnavnavnav
Partial breakdown of 'total gross volume'
Of which: volume of settlement in the PS in question for other PSsnavnavnavnavnav
Breakdown of 'volume of settlement in the PS in question for other PSs'
 by PS whose transactions are settled
Concentration ratio in terms of volume (%)58.5057.0057.1055.5058.60
Retail payment systems
IBG
Total gross volume103106109112108
Breakdown of 'total gross volume' by instrument type
Credit transfers4548505252
Direct debits5858596057
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles11111
SGDCCS
Total gross volume 16156524531
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques6156524531
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles22222
USDCCS
Total gross volume11111
Breakdown of 'total gross volume' by instrument type
Credit transfersnapnapnapnapnap
Direct debitsnapnapnapnapnap
Cheques11111
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles11111
Fast payment systems
FAST
Total gross volume27396093147
Breakdown of 'total gross volume' by instrument type
Credit transfers27396093147
Direct debits00000
Chequesnapnapnapnapnap
Card and e-money paymentsnapnapnapnapnap
Other payment instrumentsnapnapnapnapnap
Number of netting cycles22222
 1  2017: Updated from 55.920 to 56.169 (submission in 2018).