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Payment Providers in Singapore

Payment providers in Singapore span card acquirers, payment gateways, e-wallets, account-to-account rails (PayNow, FAST, SGQR), and cross-border specialists. Choice depends on your customer mix (B2B vs B2C), transaction volume, average ticket size, and the markets you settle into. Pricing usually combines a discount-rate per transaction, a fixed fee, and platform charges — compare effective rates on actual volume, not headline fees.

What to look for
  • MAS licence type relevant to your use case: Major Payment Institution (MPI), Standard Payment Institution (SPI), or Digital Payment Token Service.
  • PCI DSS compliance scope — full Level 1 if you handle PAN directly, or hosted/iframe options to reduce your scope.
  • Settlement currency, settlement frequency, and which payment methods are supported natively vs. via third-party connectors.
  • Fraud and chargeback tooling — 3DS2 support, network tokenisation, velocity rules, and dispute-management workflow.
  • Effective rate on your transaction profile, including FX margin if cross-border, plus minimums, refund fees, and exit terms.
Showing 1-24 verified payments fintech companies
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Cloudpay Asia

Fintech

CloudPay Asia is the regional delivery hub of CloudPay, a global managed payroll and pay experience provider, operating from Singapore Land Tower.

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Coinbase

Fintech

Coinbase Singapore Pte. Ltd. is the Singapore entity of Coinbase, one of the world's largest cryptocurrency platforms.

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Frequently asked questions

Do payment providers in Singapore need a licence?

Yes — payment services are governed by the Payment Services Act, and providers must hold the relevant licence or qualify for an exemption. The licence class defines what a provider may do. Verify status on the MAS register before integrating, and confirm the licence covers your specific activity, such as merchant acquisition or e-money issuance.

What is SGQR and should my business accept it?

SGQR is Singapore unified QR standard accepted by most local wallets and bank apps, letting one QR serve many payment schemes. For most merchants it simplifies acceptance and reconciliation. Ask your provider whether they support SGQR and PayNow Corporate, which enables real-time account-to-account collections at near-zero cost.

How can I lower cross-border payment costs from Singapore?

Beyond card rails, evaluate real-time corridors — PayNow links to PromptPay (Thailand), UPI (India) and others, and the multilateral Project Nexus — which can settle faster and cheaper than cards for supported countries. Ask providers which corridors they support and compare total cost, settlement time and FX against card processing for your markets.

What is the difference between a payment gateway and an acquirer?

A gateway transmits transaction data between your checkout and the banks; an acquirer holds the merchant account that receives funds. Some providers bundle both. Clarify who underwrites the merchant account, the settlement timeline, and the fee split, because pricing and risk responsibilities differ across the two roles.

How is PayNow Corporate different from consumer PayNow?

PayNow Corporate lets businesses receive real-time account-to-account payments addressed to their UEN, enabling near-instant, low-cost collections and reconciliation. It suits invoicing and recurring B2B receipts better than card rails. Ask your bank or provider about UEN registration, transaction limits and how receipts reconcile into your accounting or ERP system.