Singapore
Best Payment Gateways in Singapore for 2025: Top Providers Compared
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Payment Gateways in Singapore
Top Singapore payment gateways compared
Below is a quick, numbers‑only snapshot to compare each payment gateway in the Singapore reach and currency coverage. Use it to verify payment methods and currencies, the breadth of ways to pay, and typical fees available in Singapore — so you can identify popular payment methods at a glance.
What is a Payment Gateway Singapore?
A payment provider (often an online payment gateway provider) offers an online payment solution—a payment processing system/payment platform that connects your checkout to acquiring and network rails. It receives payment card data (encrypted PAN), a PayNow alias, or a wallet token, plus the shopper’s payment details, then submits an authorisation request to the relevant scheme or the FAST/PayNow switch and returns an approve/decline response in milliseconds. Locally, gateways must comply with the Payment Services Act and payment card industry data security.
Core capabilities to expect from a reliable service:
- Tokenise cards for Apple Pay and Google Pay to shrink PCI scope and improve support for multiple payment methods.
- SGQR for PayNow and GrabPay so one code accepts wallets—useful alternative or third‑party payment rails.
- Multi‑currency conversion or settlement for cross‑border orders, covering local and international payment methods while avoiding double FX.
- Accurate reconciliation and reporting, even when some flows run via third‑party payment gateways. Mature vendors offer a suite of payment solutions and a payment gateway for businesses that need scale across different payment channels.
Best Payment Gateway Solutions in Singapore
PayU
PayU
PayPal
PayPal
Stripe
Stripe
2Checkout
2Checkout
Stripe
Stripe is the gateway of choice by developers and is a fully licensed Major Payment Institution (MPI). It rolls PayNow, GrabPay and large wallets into the same API that millions of merchants have been using.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | SG entity and bank account |
| Valid payment channels | Cards, PayNow, GrabPay, Apple/Google Pay, BNPL |
| Countries available | 47 live markets, buyers in 195 |
| Supported currencies | 135+ |
| Setup feeNone | |
| RequirementsSG entity and bank account | |
| Valid payment channelsCards, PayNow, GrabPay, Apple/Google Pay, BNPL | |
| Countries available47 live markets, buyers in 195 | |
| Supported currencies135+ |
Pros
- Speedy self-service onboarding & docs of the (highest) caliber
- Network-level tokenisation and singlehandedly updated cards
Cons
- PayNow fee 1% (cap $5) is more than what some local PSPs are charging
- The purchase of chargeback protection is paid additionally (Stripe Radar for Fraud Teams)
PayPal
PayPal remains a leading driver of conversions among cross-border shoppers, boasting 430 million active wallets. In Singapore with PayNow nonexistent, and MPI is licensed.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | PayPal biz account |
| Valid payment channels | PayPal wallet, Cards, Apple/Google Pay |
| Countries available | 200+ |
| Supported currencies | 25+ |
| Setup feeNone | |
| RequirementsPayPal biz account | |
| Valid payment channelsPayPal wallet, Cards, Apple/Google Pay | |
| Countries available200+ | |
| Supported currencies25+ |
Pros
- Massive customer confidence, instant PayPal pay button
- Plug-in for all leading carts being easy
Cons
- Maximum headline charges: 3.9% + $0.50 (SG) / 4.4% + $0.50 (intl)
- Unfortunately, no PayNow&SGQR
Adyen
Enterprise‑grade processor offering true unified commerce and direct local acquiring for Visa/Mastercard/NETS. MPI‑licensed since 2019.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Enterprise onboarding |
| Valid payment channels | Cards, PayNow, NETS, Apple/Samsung Pay, BNPL |
| Countries available | 150+ |
| Supported currencies | 150+ |
| Setup feeNone | |
| Requirements Enterprise onboarding | |
| Valid payment channelsCards, PayNow, NETS, Apple/Samsung Pay, BNPL | |
| Countries available150+ | |
| Supported currencies150+ |
Pros
- Maximum authorisation admitted in APAC, fraudulent engine abundant
- Supports omni channel refund and payment link support
Cons
- SMEs can experience that pricing model is complicated
- Minimal SaaS cost per month among low volume merchants
Checkout.com
UK Gateway — a high-performance gateway with a regional APAC hub in Singapore. It is licensed under the MPI licence PS20200469.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | KYC + volume commitment |
| Valid payment channels | Cards, PayNow, BNPL, Wallets |
| Countries available | 150+ |
| Supported currencies | 150+ |
| Setup feeNone | |
| Requirements KYC + volume commitment | |
| Valid payment channelsCards, PayNow, BNPL, Wallets | |
| Countries available150+ | |
| Supported currencies150+ |
Pros
- Direct membership schemes, real-time PayNow payment settlement
- Strengthful reconciliation API
Cons
- Custom prices only, there is a monthly minimum GPV
2C2P
SEA‑born PSP now majority‑owned by Ant Group, giving merchants deep wallet coverage and Alipay+ connectivity.
| Feature | Description |
|---|---|
| Setup fee | Custom |
| Requirements | Enterprise contract |
| Valid payment channels | Cards, PayNow, 30+ SEA wallets |
| Countries available | 11 |
| Supported currencies | 30+ |
| Setup feeCustom | |
| RequirementsEnterprise contract | |
| Valid payment channelsCards, PayNow, 30+ SEA wallets | |
| Countries available11 | |
| Supported currencies30+ |
Pros
- Best local‑wallet reach in Southeast Asia
- Strong enterprise references (Lazada, Lenovo)
Cons
- Quote‑based pricing (from 2.8% + $0.25) lacks public transparency
Airwallex
Cross‑border specialist combining multi‑currency wallets with a full gateway. MPI since 2023.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | SG entity verification |
| Valid payment channels | Cards, PayNow, GrabPay, 160 APMs |
| Countries available | 180+ |
| Supported currencies | 14 settle‑in |
| Setup feeNone | |
| RequirementsSG entity verification | |
| Valid payment channelsCards, PayNow, GrabPay, 160 APMs | |
| Countries available180+ | |
| Supported currencies14 settle‑in |
Pros
- According to the list, the lowest FX; ideal with SaaS and markets
- No installation fees and no monthly fee
Cons
- Card acquiring in some markets via partner banks
2Checkout
Well-established SaaS-friendly platform that is now under Verifone; runs internationally to Singapore.
| Feature | Description |
|---|---|
| Setup fee | None |
| Requirements | Register online |
| Valid payment channels | Cards, PayPal, 45 methods |
| Countries available | 200+ |
| Supported currencies | 100+ |
| Setup feeNone | |
| RequirementsRegister online | |
| Valid payment channelsCards, PayPal, 45 methods | |
| Countries available200+ | |
| Supported currencies100+ |
Pros
- No monthly fee, no frills, 3.5% + $0.35 plan
- Make sales in 200+ countries 100 currency
Cons
- An additional 2% cross-border surcharge; no PayNow/GrabPay
PayU
Prosus-owned payment processor, drives robust conversion rates for cross-border e-commerce in emerging markets; well‑used among SG retailers having commerce with India and LATAM.
| Feature | Description |
|---|---|
| Setup fee | Custom |
| Requirements | Cross‑border KYC |
| Valid payment channels | 400 methods (cards, wallets, UPI, etc.) |
| Countries available | 50+ |
| Supported currencies | 100+ |
| Setup feeCustom | |
| RequirementsCross‑border KYC | |
| Valid payment channels400 methods (cards, wallets, UPI, etc.) | |
| Countries available50+ | |
| Supported currencies100+ |
Pros
- Great penetration in over 50 emerging economies
- Built-in anti-fraud tools & 3DS2
Cons
- No local acquiring in Singapore; relies on cross‑border rails
- Pricing varies widely by country
FAQ
What is the ideal payment gateway in Singapore?
There isn’t a single best payment gateway Singapore choice. There also isn’t one best payment gateway provider for every business: Stripe is preferred by most small and midsize merchants, while Adyen and Checkout.com suit large omnichannel retailers. Among payment gateways in Singapore, these providers offer a broad suite of tools for card, wallet and bank‑transfer checkout and help merchants accept payments in Singapore. Some stacks still use eWAY Singapore as a third‑party payment option, and there are other third‑party payment gateways for niche needs.
What payment apps work in Singapore?
Across Singapore, PayNow enables bank‑to‑bank transfers and GrabPay is common for wallets. These local payment options sit alongside cards for everyday purchases.
What are the most used payment methods in Singapore?
Cards dominate, accounting for roughly 53% of online purchases. PayNow bank transfers and major wallets follow. Apple Pay and Google Pay act as card tokenization layers supported by many issuers and are often treated as alternative payment methods.
What online payment options are supported in Singapore?
Visa and Mastercard, PayNow QR, GrabPay, Apple Pay and Google Pay are widely supported on local e‑commerce sites by a typical Singapore payment gateway. Most providers package this as an online payment Singapore solution with a wide range of payment methods.
What is a payment gateway?
A payment gateway is a secure cloud service, part of a modern payment platform, that encrypts checkout payment information, routes it to the acquirer or processing network, and returns an approval or decline in real time. In other words, it’s the payment processing system/payment processing solution that links your store to banking rails. People sometimes search for a payment system in the Singapore; in practice, this refers to the gateway plus the acquiring network that move funds between shopper, issuer and merchant.
How to select a payment gateway in Singapore?
Pick a provider licensed by MAS, with native PayNow and wallet support, transparent fees, and fast settlement into your SGD account. To choose the right Singapore payment gateway for your business, check pricing for a payment gateway for your business, confirm the range of local payment methods, ensure a range of payment methods for cross‑border buyers, and make sure the platform offers payment gateway solutions and payment solutions for businesses your team needs.
