Online Payment Methods in Singapore
Singapore is one of the most technologically advanced countries in the world, where electronic payments have become an integral part of everyday life. Banking and e-commerce have become widespread. In the country, you can pay for goods or services either by bank card or by alternative methods, such as QR code or cryptocurrency.
Despite the wealth of offers, choosing the best payment method can be a difficult task. In this article, we take a closer look at the main online payment methods in Singapore, their features and advantages to help you understand the variety of solutions available.
What shoppers pay with in Singapore
Some Singapore online payment methods in 2025:
- Using credit or debit cards. As of 2025, 89 per cent of Singaporeans use this method for online purchases. Popular payment networks include Visa, Mastercard, Amex, and JCB.
- Use of mobile wallets. In 2025, 5.8 million people are projected to use them. Some digital wallets are GrabPay, FavePay, DBS PayLah.
- Bank transfers. For example, through the PayNow service.
- QR code payments. Singapore has a single payment QR code SGQR.
- Buy Now Pay Later (BNPL). These services include ShopBack and Atome, for example.
- Digital payment platforms such as Alipay and WeChat Pay are also available in Singapore.
There are several factors to consider when choosing Singapore payment methods. User preferences are most important, as a business should offer methods that more customers can use. The payment gateway should support as many payment methods as possible. It will shut out the needs of the majority of the customers if they are not using the most popular methods.
You should not choose the cheapest option, as in most cases with low commissions the merchant receives less services or, worse, various hidden fees. The terms of co-operation should be honest. A few payment gateways that you can use for business in Singapore in 2025 are BillBlend, Opn Payments, Eway, PayPal, Choco Up and Stripe.
What to look out for when choosing a payment gateway
When choosing a payment gateway, it is important to consider several key factors to ensure security, convenience and cost benefits for your business. Below are the key criteria to help you make the right choice.
Security
Handling your customers’ finances and personal information requires special attention to security. The main aspects to pay attention to are:
- Data encryption. Use of algorithms to protect information, especially credit card data.
- Authentication. Verifying the identity of the payer using passwords, PINs or biometrics.
- Combating fraud. Real-time transaction monitoring and notifications of suspicious activity.
- Standards Compliance. Compliance with security standards such as PCI DSS ensures your data is securely protected.
Ease of use
The checkout process should be as simple and intuitive as possible. Otherwise, a high failure rate is inevitable. Here’s what you need to keep in mind:
- Minimal steps. Order placement should take a minimum of time and effort.
- User-friendly control panel. The interface for managing transactions, returns, and reporting should be simple and straightforward.
Integration capabilities
The payment gateway should easily fit into existing business systems. Important aspects of integration:
- APIs and SDKs. These tools allow developers to customise the payment gateway's features and integrate it with your platform.
- Documentation. Detailed instructions on how to use the API and SDK will help speed up the implementation process.
- Technical Support. Access to expert help in case of technical issues.
Customer support
Effective customer support involves quick response to questions and issues that arise. Ideal support should include:
- Accessible channels. Phone, email and chat for prompt resolution of issues.
- Experienced professionals. A qualified team ready to help in difficult situations.
Transaction fees
The cost of processing payments can have a significant impact on the profitability of a business. You should take into account:
- Transparent fees. Avoid hidden fees and unclear terms and conditions.
- Competitive rates. Transaction fees should be favourable and not exceed an acceptable threshold.
BillBlend offers all the features you need to accept payments securely and conveniently. We provide easy integration, transparent pricing and quality customer support. Contact us to find out how we can help your business grow and develop
Answers to common questions
What are the most popular payment methods in Singapore?
The most popular payment methods in Singapore are credit and debit cards, e-wallets, bank transfers via PayNow, payment by QR code (SGQR) and Buy Now Pay Later (BNPL) services such as ShopBack and Atome.
What factors influence the choice of payment method in Singapore?
The main factors in choosing a payment method are user preferences, the need to support as many payment methods as possible and fair terms of cooperation with payment gateways. It is important to avoid cheap options with low fees as they may come with hidden fees and fewer services.
How to choose the right payment gateway?
When choosing a payment gateway, pay attention to security (data encryption, authentication, anti-fraud), usability (easy checkout, user-friendly dashboard), integration options (API, SDK, documentation, technical support), customer support (available communication channels, experienced professionals) and transparent fees with competitive transaction rates.
Can foreign cards be used in Singapore?
Yes, most foreign cards issued by international systems (Visa, MasterCard, American Express) are accepted in Singapore. However, it is recommended that you check with your bank before travelling to find out the terms and conditions of using your card abroad and any fees that may apply.
