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e-Conomy SEA 2026: Singapore Leads in Digital Wealth and AI Use

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e-Conomy SEA 2026: Singapore Leads in Digital Wealth and AI Use

Singapore leads Southeast Asia in digital wealth adoption, according to the latest e-Conomy SEA 2026 report by Google, Temasek, and Bain & Company. Leading digital wealth platforms are used each month by 9% of Singapore’s internet users, nearly three times the share in the next-ranked market, Malaysia.

The report attributes the lead to Singapore’s affluent and financially literate consumer base, deep capital markets, and mature digital financial ecosystem.

Markets like Vietnam and the Philippines both recorded declines over the period, which the report says could likely be a short-term shift in user engagement as opposed to a “structural retreat from digital investing.”

The report also indicated that Singapore comes first in AI adoption, with 70% of its working population (3.2 million) being GenAI users. One out of three AI users here shared that they use AI every day, driving 7.7 billion in annual AI queries.

Singapore’s digital loan book is forecasted to reach US$39 billion in 2026, up 18% from US$33 billion in 2025. This is reportedly faster than digital payments, where the gross transaction value is projected to rise by 7% to US$166 billion in 2026, and digital insurance, where premiums are forecasted to grow 12% to US$0.60 billion.

Over the longer term, the e-Conomy SEA report projects for Singapore’s digital lending book to reach US$92 billion by 2035, running at a CAGR of 10%.

91 billion, while digital payments are projected to grow at a 4% CAGR to US$242 billion.



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