Written by Kiru Ramalingam, Accounting Team Lead
7+ years leading accounting operations across Singapore, Malaysia, and the Philippines for startups and accounting firms. I've managed teams on the ground and helped product teams build the tools accountants actually use, so I've seen where founders' books fall apart. The articles I write are for fo...
Last reviewed by July 2026.
Key Takeaways
1.
Stripe and HitPay remain the strongest general-purpose picks for Singapore SMEs, covering PayNow, GrabPay, and global cards without monthly fees; PayPal adds trusted global card acceptance but supports neither PayNow nor GrabPay.
2.
If you're scaling into Indonesia, the Philippines, Thailand, Malaysia, or Vietnam, Xendit's single regional integration can beat stitching together country-by-country gateways, but its Singapore card fee (3.30% + SGD 0.50) is mid-pack, not the cheapest on this list.
3.
HitPay and Xendit charge no setup or monthly fees; 2C2P requires a custom quote, which makes upfront cost comparison harder.
4.
Adyen and 2C2P suit higher-volume, multi-channel businesses that need enterprise-grade reporting and in-person plus online payments in one platform.
The payment gateway with the lowest headline fee is rarely the one that costs you the least by the end of the month.
That's not obvious when you're comparing rate cards side by side. But a 2.8% card fee means nothing if your customers pay with PayNow and GrabPay, and a flat regional rate is worthless if you only sell in Singapore. The real cost of a gateway shows up in the payment methods your customers actually use, the currencies you settle in, and the fees that don't show up until your first invoice.
This guide compares seven gateways available to Singapore businesses, covering what each one actually charges and which type of business each one fits, based on official pricing pages and documented feature sets, not marketing claims.
Our Top Picks
1st Choice
2nd
Trusted global checkout with cards, wallets, and strong buyer protection.
3rd
No setup or monthly fees, PayNow QR and GrabPay, plus online and in-person payments.
Why trust us?
Our review is independent. We are not affiliated with any of the providers mentioned in this article, we do not use affiliate links, and we do not receive commissions. Every provider was evaluated using the same criteria (pricing, local payment method support, integrations, and features), based only on official documentation and publicly available sources.
Last reviewed: July 2026
options considered
options reviewed
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Payment Methods Compared at a Glance
| Gateway | Best For | Standout Fee | PayNow / GrabPay |
|---|---|---|---|
| Stripe | Ecommerce, SaaS, global sales | 3.4% + SGD 0.50 (domestic cards) | Both supported |
| PayPal | International buyer trust | 3.9% + SGD 0.50 (domestic) | Neither supported |
| HitPay | No-fee setup, local + in-person | 2.8% + SGD 0.50 (domestic cards) | Both supported |
| Adyen | Enterprise, omnichannel | Interchange++ plus €0.11 | Both supported |
| Omise (formerly Opn Payments) | Simple SEA checkout | 3.30% + SGD 0.30 (cards) | Both supported |
| Xendit | Scaling across Southeast Asia | 3.30% + SGD 0.50 (domestic cards) | PayNow yes, GrabPay no |
| 2C2P (part of Antom) | Large-scale regional enterprise | Custom quote | Both supported |
1. Stripe
Most suitable for: Ecommerce, SaaS, and marketplace businesses that need strong online checkout and global coverage.
Stripe supports online transactions in Singapore through PayNow, GrabPay, cards, and digital wallets, with multi-currency support for global sales. It offers payment processing, subscription billing, invoicing, fraud detection, and integrations with ecommerce platforms and SaaS tools, plus Terminal devices and Tap to Pay for in-person acceptance.
Stripe Key Usage Fees
| Fee Type | Cost |
|---|---|
| Domestic Cards | 3.4% + SGD 0.50 |
| International Cards | Additional 0.5% |
| Currency Conversion | Additional 2% FX fee |
| PayNow | 1.3% |
| GrabPay | 3.3% |
| Alipay / WeChat Pay | 2.2% + SGD 0.35 |
| BNPL (Afterpay/Klarna) | Varies (typically 4–6%) |
View Stripe's full pricing for enterprise plan options.
✅ Choose Stripe if you: run ecommerce, SaaS, or marketplace platforms; need subscriptions or recurring billing; want one platform for PayNow and global cards; plan to scale overseas.
❌ Not ideal if you: want the lowest domestic card fees; rely mainly on PayNow; want the simplest possible setup.
2. PayPal
Most suitable for: Ecommerce sellers and SMEs that want a trusted global payment option with strong fraud protection.
PayPal operates in over 200 markets and supports 20+ currencies. It does not support PayNow or GrabPay directly, so it works best alongside a local-method gateway rather than as a sole checkout for Singapore-only sales.
PayPal Key Usage Fees
| Fee Type | Cost |
|---|---|
| Domestic Online Card Payments | From 3.9% + SGD 0.50 |
| International Online Card Payments | Domestic fee + 0.5% |
| Currency Conversion | 2.5-4% above base exchange rate |
See our dedicated guide on PayPal Singapore business account fees for a full breakdown, or visit PayPal's pricing page directly.
✅ Choose PayPal if you: sell to many overseas markets; want a checkout trusted by international buyers; use Shopify or WooCommerce.
❌ Not ideal if you: want lower domestic card fees; sell mostly to local Singapore customers; need PayNow or GrabPay support.
3. HitPay
Most suitable for: SMEs, retail shops, and ecommerce sellers that want an easy, multi-method gateway with PayNow, GrabPay, cards, and no-code tools.
HitPay is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution, offering a unified checkout supporting cards, PayNow QR, GrabPay, BNPL, and 150+ currencies, with no setup or monthly fees.
HitPay Key Usage Fees
| Fee Type | Cost |
|---|---|
| Domestic Cards | 2.8% + SGD 0.50 |
| International Cards | 3.65% + SGD 0.50 (+2% for foreign-currency transactions) |
| PayNow (Online, ≥ SGD 100) | 0.65% + SGD 0.30 |
| PayNow (Online, < SGD 100) | 0.9% (min. SGD 0.20) |
| GrabPay / BNPL (Online) | 3-5.5% |
| In-Person PayNow QR | 0.4% (min. SGD 0.10) |
✅ Choose HitPay if you: want PayNow, GrabPay, and cards in one checkout; prefer no monthly fees; sell via Shopify, WooCommerce, or social media.
❌ Not ideal if you: want the lowest card fees; process large enterprise volumes with custom flows.
4. Adyen
Most suitable for: Fast-growing ecommerce, retail, and marketplace businesses that need a global, enterprise-grade platform with strong online and in-person support.
Adyen is used by brands including Meta, Uber, and Microsoft, and provides an all-in-one platform for online and in-store payments in Singapore, with transparent Interchange++ pricing.
Adyen Key Usage Fees
| Payment Method | Fee |
|---|---|
| Visa / Mastercard® | €0.11 + Interchange++ plus 0.60% |
| American Express | €0.11 + 3.95% |
| UnionPay | €0.11 + 3.00% |
| PayNow | €0.11 + 1.30% |
| GrabPay (Online) | €0.11 + 2.80% |
| GrabPay (In-Person) | €0.11 + 2.20% |
| Atome | €0.11 + 5.00% |
✅ Choose Adyen if you: operate across online and in-store channels; want higher approval rates via local processing; handle subscriptions at scale.
❌ Not ideal if you: want the simplest setup; run a small business with low transaction volumes.
5. Omise (formerly Opn Payments)
Most suitable for: SMEs and online sellers that want a simple gateway offering cards, PayNow, e-wallets, and recurring billing across Southeast Asia.
This provider ran under the name Opn Payments from 2022 before reverting to its original Omise brand in 2025. Its Singapore entity, Omise Payment SG Pte Ltd, holds a MAS Major Payment Institution licence. It runs across Singapore, Thailand, Malaysia, and Japan, supporting cards, PayNow, mobile banking apps, and BNPL.
Omise Key Usage Fees
| Fee Type | Cost |
|---|---|
| Domestic And International Cards | 3.30% + SGD 0.30 |
| PayNow / OCBC Digital | 1.00% + SGD 0.15 |
| GrabPay / ShopeePay | 2.80% + SGD 0.15 |
| Alipay / Alipay+ | 2.90% + SGD 0.15 |
| Atome | 5.50% + SGD 0.15 |
| Transfers To Your Bank Account | Free |
✅ Choose Omise if you: want cards, PayNow, and major e-wallets in one gateway; prefer no monthly fees; sell via Shopify or WooCommerce.
❌ Not ideal if you: need the lowest PayNow fees available; need advanced fraud tools or detailed analytics.
6. Xendit
Most suitable for: Singapore businesses expanding sales into Indonesia, the Philippines, Thailand, Malaysia, or Vietnam without integrating a separate gateway per country.
Xendit is a Southeast Asia-built payment infrastructure provider holding a MAS Major Payment Institution licence covering merchant acquisition and cross-border money transfer, among other payment services. Rather than treating the region as an add-on market, Xendit builds its checkout, payment methods, and settlement around moving between Southeast Asian currencies and payment rails from one integration.
Xendit Key Usage Fees
| Fee Type | Cost |
|---|---|
| Domestic Cards (Visa / Mastercard® / JCB) | 3.30% + SGD 0.50 |
| PayNow | 1% (min. SGD 0.30) |
| Settlement | Near-instant on PayNow QR |
International card surcharges, refunds, and chargeback fees are listed on Xendit's own Singapore pricing page.
✅ Choose Xendit if you: sell into multiple Southeast Asian markets from a Singapore entity; want one regional integration instead of several country-specific gateways; don't need the lowest headline card fee.
❌ Not ideal if you: sell only within Singapore; need GrabPay support today (Xendit lists GrabPay for Singapore as coming soon, not yet live).
7. 2C2P (part of Antom)
Most suitable for: Large-scale regional enterprises that need broad Southeast Asian payment method coverage, including over-the-counter cash payment options.
2C2P is a Singapore-headquartered payment platform and MAS-licensed Major Payment Institution, granted its licence in August 2025. Ant Group became its majority shareholder in 2022, and in October 2025 the company rebranded to align with Antom, Ant International's merchant-payments arm. It supports cards, e-wallets, and over-the-counter (OTC) cash payments across Southeast Asia, making it a fit for enterprises with regional footprints rather than single-market SMEs.
2C2P Key Usage Fees
| Fee Type | Cost |
|---|---|
| Setup / Monthly Fee | Custom (contact sales) |
| Transaction Fees | Quote-based, volume-dependent |
2C2P does not publish standard transaction rates; pricing is negotiated per merchant. See 2C2P's Singapore page for how to request a quote.
✅ Choose 2C2P if you: operate at enterprise scale across multiple Southeast Asian markets; need OTC cash payment support; want a Singapore-headquartered regional platform.
❌ Not ideal if you: are a small business wanting transparent, published pricing; want to compare costs without a sales call.
Final Notes
Choosing the right payment gateway in Singapore comes down to the payment methods you need, the fees you want to optimise, and how flexible your checkout must be. If your customers are mostly local, prioritise PayNow and GrabPay support. If you're expanding into Southeast Asia, a regionally built gateway like Xendit or 2C2P can replace several country-specific integrations. Review your setup periodically. Fees and supported methods shift, and switching providers as your sales mix changes can improve conversion and reduce cost.
FAQs
What is the best payment gateway in Singapore?
There's no single "best" option because providers suit different needs. For most SMEs, Stripe, HitPay, and PayPal are strong starting points for local methods, global cards, and easy integration. Businesses expanding across Southeast Asia should also consider Xendit for its single regional integration, though its Singapore fees are not the lowest of the group.
Which payment methods do Singapore customers use the most?
The most widely used methods are PayNow, GrabPay, credit and debit cards, and wallets like Apple Pay and Google Pay. Many ecommerce businesses offer PayNow for low fees, cards for international buyers, and wallets for faster mobile checkout.
How do payment gateway fees work in Singapore?
Most providers charge per transaction, typically a percentage plus a fixed fee (for example, 3.4% + SGD 0.50 for cards). Some add FX or international card surcharges. Stripe, PayPal, HitPay, and Xendit charge per transaction with no monthly fee, while 2C2P and Adyen pricing depends on volume and negotiated terms.
What is the difference between a payment gateway and a POS?
A payment gateway processes online or in-app payments. A POS system processes in-person payments through physical terminals or Tap to Pay. Providers like Stripe, HitPay, and Adyen offer both in one dashboard.
Which payment gateways support PayNow and GrabPay?
Stripe, HitPay, Adyen, and Omise support both PayNow and GrabPay in Singapore. Xendit supports PayNow but not GrabPay. PayPal supports neither directly.
