Introduction
Singapore, known as the fintech hub of Southeast Asia, continues to offer one of the most vibrant ecosystems for digital payment innovation. The city-state is a global leader in smart financial infrastructure, with proactive regulations, real-time payment systems like PayNow, and high internet penetration. Whether you’re a local SME, global eCommerce giant, or high-risk fintech startup, selecting the right payment gateway in Singapore is crucial for seamless transactions, compliance, and customer experience.
This article presents the top 12 payment gateways in Singapore for 2025, comparing them based on reliability, payment methods, fees, regional support, and high-risk friendliness.
Why Singapore Is a Hotbed for Payment Innovation
Before diving into the top providers, here’s why Singapore has become a preferred fintech hub:
- Regulatory Clarity: The Monetary Authority of Singapore (MAS) provides a clear framework under the Payment Services Act.
- Cross-Border Connectivity: Positioned as a trade and financial hub, Singapore businesses often serve international clientele.
- Digital-First Consumers: With over 90% internet penetration and widespread smartphone usage, digital payments are the norm.
- Smart Nation Strategy: Government-backed initiatives like SGQR (Singapore Quick Response Code) foster unified, cashless solutions.
Top 12 Payment Gateways in Singapore (2025)
1. Stripe Singapore
Best For: Tech companies, developers, SaaS platforms
Features:
- Multi-currency support
- Accepts cards, Apple Pay, Google Pay
- Powerful APIs and fraud tools
- Singapore-local acquiring
Pros: Excellent documentation, recurring billing, global reach
Cons: May be restrictive for high-risk industries
2. PayPal Singapore
Best For: Global eCommerce, freelancers, international clients
Features:
- Buyer and seller protection
- Localized checkout
- Express checkout, subscriptions
Pros: Instant brand trust, easy setup
Cons: Higher fees, stricter compliance for high-risk sectors
3. HitPay
Best For: Local businesses, SMEs
Features:
- Accepts PayNow, cards, GrabPay, ShopeePay
- POS integration
- No-code eCommerce tools
Pros: Singapore-focused features, local customer support
Cons: Limited international expansion support
4. 2C2P
Best For: Southeast Asia-focused enterprises
Features:
- Over 250 payment options including regional e-wallets
- Easy MAS compliance
- Strong cross-border capabilities
Pros: Southeast Asia powerhouse, easy integration
Cons: Not ideal for early-stage startups
5. Worldpay (FIS)
Best For: Enterprises, high-volume merchants
Features:
- Global acquiring, fraud tools
- Multilingual checkout
- Support for high-risk verticals (with underwriting)
Pros: Scalable for large merchants
Cons: Lengthy onboarding, account minimums
6. Checkout.com
Best For: Fintechs, international marketplaces
Features:
- Unified API for global payments
- Real-time fraud detection
- MAS-licensed PSP in Singapore
Pros: High performance, developer-friendly
Cons: May require volume commitments
7. Adyen
Best For: Omnichannel retailers, global brands
Features:
- One integration for in-store, online, and mobile
- Revenue recovery tools
- Local acquiring in Singapore
Pros: End-to-end control, data-rich reporting
Cons: Requires technical resources
8. Razorpay (SG branch for India businesses expanding here)
Best For: India-to-Singapore scaling fintechs
Features:
- Card and local payment support
- Easy integration with Shopify, WooCommerce
- Smart routing and retry logic
Pros: Ideal for Indian businesses entering Southeast Asia
Cons: Still establishing reputation in Singapore market
9. eNETS (by NETS Group)
Best For: Local Singaporean payment processing
Features:
- Bank direct debit (DBS, UOB, OCBC)
- Integrated with PayNow
- MAS-compliant
Pros: Local trust and infrastructure
Cons: Limited support for foreign merchants
10. AsiaPay / PayDollar
Best For: Cross-border eCommerce in Asia
Features:
- Regional gateway coverage
- Card, wallet, and bank transfers
- Recurring payments, tokenization
Pros: Regional presence, white-labeling options
Cons: Interface may feel dated
11. BlueSnap
Best For: Global SaaS platforms, subscriptions
Features:
- Built-in fraud prevention
- Over 100 currencies
- Global tax and compliance modules
Pros: All-in-one monetization
Cons: Less localized than some Singapore-specific options
12. Payoneer
Best For: Freelancers, international consultants, digital exporters
Features:
- Mass payout and collection solutions
- Multi-currency receiving accounts
- Mastercard issued for Singapore users
Pros: Great for cross-border freelancers
Cons: Limited local gateway functionality
Key Considerations for Choosing a Payment Gateway in Singapore
When deciding on a provider, here’s what to prioritize:
- MAS Compliance: Is the gateway licensed under Singapore’s Payment Services Act?
- Local vs Global: Do you serve domestic customers, international buyers, or both?
- High-Risk Friendliness: Does the provider support your industry (e.g., forex, gaming, crypto)?
- Integration & Developer Tools: Does the gateway offer easy API access, plugins, or SDKs?
- Support & Onboarding Time: Are local support teams available? Is the onboarding fast?
How FinQfy Can Help
If you’re evaluating fintech vendors, including payment gateways in Singapore, FinQfy.com provides a trusted fintech directory to compare options with:
- Verified reviews
- High-risk business tags
- In-depth features and pricing data
- Direct links to provider onboarding
Let FinQfy simplify your payment partner selection today.
Conclusion: Singapore’s Gateway Landscape in 2025
Singapore’s payment ecosystem is an intersection of cutting-edge tech and strict regulatory standards. Whether you’re launching a new fintech venture, expanding your eCommerce store, or serving high-risk international clients, there’s a gateway tailored to your use case.
Use this list as your compass to navigate the best payment gateways in Singapore, and make strategic decisions backed by visibility, trust, and growth potential.
