130 views

Digital signature use surges amidst pandemic: study

In the past six months, 53% have signed digitally for the first time.

Young people have been driving the surge in digital document and e-signature use, with more than six in 10 Millennial APAC respondents saying they e-signed more documents in the past six months, research from multinational computer software Adobe revealed.

Overall, more than three out of four respondents cited adoption of e-signatures into documents, with 53% claiming they e-signed for the first time last year.

Interestingly, whilst business contracts were the most popular document to be e-signed in India (77%), it was less common to e-sign them in Singapore (57%).

The most e-signed documents in Singapore were insurance policies at 81%.

“Whilst the shift from paper to digital has been underway since PDF was introduced more than 30 years ago, 2020 was a tipping point,” Simon Dale, managing director of Adobe Southeast Asia, said. “Digital documents have become the currency of business productivity—the centerpiece for how businesses, governments and consumers communicate, collaborate. and transact, thereby setting the agenda for the future economy.”

Meanwhile, APAC respondents expressed wishes for companies (82%) and governments (78%) to offer more documents with digital signatures. Concurrently, a majority (73%) believed companies lacking e-signature options were “behind in the times.”

The Adobe Digital Insights survey polled over 1,000 respondents from APAC.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.