Top Payment Gateways in Singapore for Businesses (2026)
Singapore is one of Asia’s most digitally mature payment markets. Customers expect to pay by card, PayNow QR, GrabPay or a mobile wallet, often within the same checkout. The right gateway affects your conversion rate, your cash flow and your margins.
This independent comparison covers the leading payment gateways in Singapore, what they charge, and which businesses each one suits. For a broader view of the category, see our directory of payment service providers and payment acquirers.
What is a payment gateway?
A payment gateway securely captures and authorizes customer payment details online or in person and passes them to the card networks and banks. Some gateways also act as the acquirer and settle funds to you directly. Others need a separate merchant account. If you are unsure which setup you need, read our overview of merchant account providers and our guide to Merchant of Record vs payment processor.
Quick comparison
Gateway | Best for | Pricing model |
HitPay | Singapore SMEs, PayNow-heavy stores | Pay-as-you-go |
Stripe | Online and SaaS businesses, developers | Flat rate |
Airwallex | Cross-border and multi-currency sellers | Published per-method rates |
Adyen | Enterprise, omnichannel | Interchange-plus, sales-led |
2C2P | Regional merchants across Southeast Asia | Quote-based |
Top payment gateways in Singapore
1. HitPay
HitPay is a Singapore-built platform with a MAS licence. It supports PayNow, GrabPay, ShopeePay, cards and cross-border wallets such as Alipay+ and WeChat Pay. There are no monthly fees, and SGD payouts typically arrive the next business day.
Online card fee: about 2.8% + S$0.50 on domestic Visa and Mastercard
PayNow: about 0.65% + S$0.30 on payments of S$100 and above, and about 0.9% (minimum S$0.20) below that
Suits: Small and mid-sized businesses, retailers and service businesses that want online and in-store payments on one account
2. Stripe
Stripe is the developer favorite. It offers a polished hosted checkout, subscriptions, invoicing and strong APIs. It supports cards, PayNow, GrabPay, Apple Pay and Google Pay.
Domestic cards: about 3.4% + S$0.50, with surcharges for international cards and currency conversion
PayNow: about 1.3%
Chargeback fee: about S$15
Suits: SaaS, subscription and global online businesses that value integration speed
3. Airwallex
Airwallex combines a payment gateway with a multi-currency business account. That makes it attractive if you sell abroad and want to hold or convert foreign currency without extra intermediaries.
PayNow: about 1% + S$0.50 per transaction
Suits: Cross-border sellers and exporters
4. Adyen
Adyen is built for larger merchants that need one platform for online, in-store and app payments. Pricing is interchange-plus and onboarding is sales-led, so it takes longer to set up. At high volume, effective rates can come in below flat-rate platforms.
Suits: Established merchants with significant volume
5. 2C2P
2C2P is a Southeast Asia payments platform with a MAS Major Payment Institution licence. It is a strong option if you operate across several ASEAN markets and need local payment methods in each. Pricing is typically quoted.
Suits: Regional merchants and marketplaces
Payment gateway pricing models in Singapore
Flat rate: One percentage plus a fixed fee covers everything. It is simple to model but can cost more as volume grows.
Interchange-plus: You pay the card network cost plus a fixed markup. It is more transparent but less predictable.
Quote-based: Pricing is negotiated, which is common for enterprise and regional deals.
Rates vary by payment method. PayNow is usually much cheaper than cards, so routing local customers to it can lift your margins noticeably. On a S$100 card sale at 3.4% + S$0.50, you pay S$3.90. At 2.8% + S$0.50, you pay S$3.30.
Headline rates are only part of the cost. Read our guide on why low processing fees can hide expensive reserves and payout conditions. If you are weighing whether to pass fees to customers, see surcharging explained.
Explore Verified Payment Gateway Reviews on TheFinRate
How to choose the right payment gateway in Singapore
Match your sales channel. Online only, in-person or both. Selling face to face?
Check local method support. PayNow, GrabPay, ShopeePay, Apple Pay and BNPL matter for conversion.
Confirm MAS licensing. Choose providers authorized under the Payment Services Act. Our walkthrough on how to check whether a payment gateway is MAS licensed shows you how.
Model total cost. Include international card surcharges, FX, refund and chargeback fees, and any monthly charges.
Check payout speed and holds. Compare settlement timing and reserve policies for new accounts.
Test platform compatibility. Confirm support for your cart or CMS, such as Shopify, WooCommerce or a custom build.
Plan for growth. Look at multi-currency support and volume pricing.
Common mistakes to avoid
Choosing on the headline rate alone
Ignoring international card and currency conversion surcharges
Offering cards only when customers prefer PayNow or wallets
Skipping American Express without weighing the fees against the extra sales
Forgetting that some gateways need a separate merchant account
Signing a long contract before testing
Overlooking account-hold policies for new accounts
Verdict
There is no single best gateway in Singapore. HitPay suits SMEs that want low local rates and PayNow-first checkout. Stripe suits online and SaaS businesses that value developer tools. Airwallex suits cross-border sellers. Adyen and 2C2P suit enterprise and regional operations. Shortlist two or three, request written fee schedules, and compare total monthly cost at your real volume and payment mix.
Recent News and Developments in the Singapore Payments Market
July 2026: KPay Group received in-principle approval from MAS for a Major Payment Institution licence, which would let it offer merchant acquisition and money transfer services in Singapore.
December 2025: Payment Options Pte Ltd received MAS in-principle approval for a Major Payment Institution licence covering merchant acquisition and money transfer services.
August 2025: 2C2P was granted a Major Payment Institution licence by MAS, authorizing merchant acquisition and domestic and cross-border money transfer services.
November 2026: Global banks, regulators and fintechs are set to meet at the Singapore FinTech Festival 2026.
Note: If you require specific details, provider comparisons, or insights that are not currently included in this overview, we are happy to accommodate your request. Please let us know your exact needs, and we will ensure the content is updated accordingly.
About Us:TheFinRate is a B2B fintech information platform featuring payment provider reviews, comparisons, directories, industry guides, and educational resources. It helps online merchants, eCommerce businesses, SaaS companies, fintech startups, and payment professionals compare providers and make informed payment decisions.
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