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MasterCard holders spent $1.1 billion in the first month of Great Singapore Sale

Published on Jul 13, 2014 2:07 PM
 
Shoppers at Robinsons Orchard on May 30, 2014, the first day of the Great Singapore Sale (GSS). MasterCard holders spent US$881.5 million ($1.1 billion) in the first month of the Great Singapore Sale from May 30 to June 29. -- PHOTO: ST FILE

SINGAPORE - MasterCard holders spent US$881.5 million ($1.1 billion) in the first month of the Great Singapore Sale from May 30 to June 29.

This is 10.5 per cent more than during last year's sale, MasterCard said on Sunday, adding that the number of transactions also jumped by 13.1 per cent year-on-year to 7.2 million.

For Singapore-based cardholders, spending increased by 13 per cent to US$626.6 million ($777.4 million) during the recent sale with the number of transactions increasing by 11.8 per cent to 4.9 million compared with last year.

The annual sales also encouraged more tourist spending which hit US$254.9 million ($316.2 million) in the fist month, 5 per more than last year. Most of the were from Australia, Malaysia, China, Japan and Indonesia.

 
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