Payment providers in Singapore

Payment service providers in Singapore

Singapore is a regional hub: many PSPs, EMIs and crypto firms hold their main APAC licence here and serve merchants across Southeast Asia from one entity. This page lists {count} payment gateways, acquirers and payout providers that accept Singapore dollars (SGD) or operate from Singapore.

Local payment methods in Singapore

• Cards and wallets: Visa, Mastercard, Amex, with Apple Pay, Google Pay and GrabPay widely used.
• PayNow: instant transfers by phone number, UEN or QR (SGQR), built on FAST.
• FAST and GIRO for bank transfers, payroll and recurring debits.
• NETS for domestic debit and in-store payments.

Regulation: the Payment Services Act

The Monetary Authority of Singapore (MAS) licenses payment firms as money-changing licensees, standard payment institutions (SPI) or major payment institutions (MPI) depending on activity and volume, including digital payment token (DPT) services. MAS applies strict AML/CFT expectations, and DPT providers serving only overseas clients face tight rules. See legal in Singapore.

Cross-border and regional coverage

Merchants often use a Singapore-based PSP to reach Indonesia, Malaysia, Thailand, the Philippines and Vietnam through local APMs, and to hold multi-currency balances. Remittance and payout providers in Singapore serve marketplaces, freelancers and B2B suppliers across APAC. See cross-border and payouts.

How to choose

• Licence type (SPI/MPI) and which activities it covers
• Local APM coverage in each SEA market you need
• Multi-currency settlement, FX markup and safeguarding
• Onboarding requirements for non-Singapore entities and high-risk verticals

Related: banks and EMIs in Singapore, exchangers, liquidity and OTC, tech providers. Check offers or post a request.