Top 8 FinTech Payment Solution Providers in Singapore

Singapore’s Payment Services Act splits the market into Standard and Major Payment Institutions, which means any serious provider has to hold a licence or operate under a licensed acquiring bank. The eight companies below each have a concrete Singapore entity, working local clearing arrangements, and an API or portal you can hook into today.

1. Stripe Singapore

Stripe Payments Singapore Pte. Ltd. is the local legal entity, holding Major Payment Institution status covering merchant acquisition and cross-border money transfer. Singapore teams run Checkout and Payment Elements on top of a REST API that settles directly in SGD. Payment Links cover invoicing without code, Connect handles marketplace split payouts, and PayNow is a first-class payment method alongside Visa and Mastercard.

2. Airwallex Global Payments

Airwallex operates an MPI-licensed multi-currency wallet built for treasury teams. In Singapore the stack is PayNow for local collections, FAST for disbursements, SWIFT for overseas wires, and virtual cards for supplier payments. If you invoice in USD and pay suppliers in CNY, conversion stays inside one wallet, pinned near interbank rates—far narrower than the spread on a normal telegraphic transfer.

3. NETS Domestic Rails

NETS is the entrenched domestic network linking local bank accounts to payment terminals. It runs NETS Pay account-based debit and NETS QR under the SGQR harmonised code, and the same terminals can trigger PayNow bank transfers at the counter. For hawker centres, supermarkets, and high-foot-traffic retail, NETS is infrastructure rather than software, and it matters when your customer base pays with local debit instead of credit cards.

4. HitPay SME Gateway

HitPay is the Singapore gateway most aligned with local rails. The hosted Payment Pages and payment links work without a developer, while the API includes PayNow UEN collections with reference-number reconciliation—the customer scans a QR or initiates a transfer, and HitPay maps the incoming FAST payment to the correct invoice. Card acquiring is bundled into the same settlement cycle, so merchants get one checkout for both cards and bank transfers.

5. GrabFin Merchant Payments

GrabFin is the financial services umbrella for GrabPay and PayLater in Singapore. For merchants, the GrabPay QR code is the practical entry point: a counter display that pulls wallet balances from one of the region’s most installed consumer apps. PayLater adds an instalment option, and merchant cash advances run through a separate lending structure, so the whole setup extends beyond simple payment acceptance.

6. YouTrip / YouBiz Wallets

YouTrip Pte. Ltd. holds a Singapore licence for its multi-currency wallet and companion Mastercard; the same rails run YouBiz for companies. The key feature is FX treatment—foreign currency spending converts near wholesale rates with no overseas transaction fee. That directly helps payroll to overseas contractors, ad accounts billed in USD, and procurement from Malaysian or Japanese suppliers through multiple virtual cards and per-team limits.

7. Spire Spend Management

Spire is a Singapore-based spend management layer built on commercial Visa cards. Finance teams issue physical and virtual cards to staff, lock them by merchant category, set approval thresholds, and sync transactions into Xero and QuickBooks. The differentiator is transaction-level control: cards can be restricted to specific vendors, and balances close remotely the moment a project ends.

8. CardUp Bill Payments

CardUp lets companies pay rent, school fees, government taxes, vendor invoices, and contract workers with a credit card, while CardUp settles the recipient via local bank transfer or cheque. That converts normally non-cardable expenses into card spend for miles and rebates. The bulk payment engine uploads a CSV of payees, runs an approval flow, and schedules payouts on chosen dates—effectively an AP scheduling tool layered on top of your existing card program.