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Accept Local Payment Methods in
Singapore
Connect to popular local payment methods through one API. Automate cross-border payouts and expand with regulated fintech infrastructure from 8B.
Singapore

Singapore

Singapore
Top e-commerce industries
25%
Electronics
18.4%
Hobby & Leisure
19.6%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery

A Regional Leader in Digital and Instant Payments

Singapore combines international card acceptance with advanced digital wallets and instant account-to-account payments. Digital wallets represent around 40% of e-commerce payments, while PayNow has become a core part of the country's payment infrastructure.

Together with SGQR, Singapore continues expanding cross-border payment connectivity across Asia, creating one of the region's most advanced payment ecosystems.

Through one API, 8B enables businesses to connect to Singapore's local payment methods, including PayNow and leading digital wallets.

Singapore
Capital
5.9M
Population
GMT +8
Time Zone (GMT)
SGD (S$)
Currency
Singapore dollar
$109.1B
Transactions
value in 2031
14.9%
CAGR
of Digital Payments during 2026-2031

Cross-Border Payment Infrastructure for Global Growth

Local Payment Infrastructure

Connect to local payment methods, bank transfers and digital wallets through a single API. Expand into new markets faster with regulated cross-border payment infrastructure.

Payments & Payouts

Accept customer payments, automate partner payouts and simplify global money movement through regulated fintech infrastructure.

Industries We Support

Supporting e-commerce, travel, gaming, marketplaces, financial institutions, PSPs and fintech companies expanding into new markets.

One API

Launch new markets faster without building separate local payment integrations. Reduce operational complexity while improving payment acceptance and customer experience.

Bank Transfer (SG)
Bank Transfer
11%
Buy Now Pay Later
3%
Cash-in
2%
Credit Cards
34%
Debit Cards & Prepaid Cards
10%
E-wallet
40%
Mobile Money
40%
Others
1%
The Infrastructure Behind Local Payment Methods in
Singapore

Expand into new markets with regulated cross-border payment infrastructure. 8B connects businesses to local payment methods, national QR networks, bank transfers and digital wallets through a single API, helping businesses launch faster while reducing integration complexity.

Connect Through One API

Offer customers the payment methods they already know and trust.

Supported Payment Methods

Bank transfers play a significant role in Singapore's e-commerce ecosystem, facilitated by real-time systems like FAST and PayNow. These payment methods enable seamless online transactions, allowing customers to transfer funds directly from their bank accounts to merchants without requiring credit cards or additional payment platforms.

Method
Bank Transfer (SG)
LPM Market Share
68%
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
4M
Disbursements
Yes
Yes
Chargebacks
No
Authorization currency
SGD
Authorization
speed
Instant
Recurring
No
No
Notify when available

Reasons for Popularity

Real-time processing via FAST and PayNow ensures immediate confirmation of transactions, which is vital for order fulfillment

Supported by nearly all banks in Singapore, making it accessible for a broad customer base

Why Companies Choose 8B in
Singapore

Built for Developers

Modern APIs, clean documentation and rapid integration.

Built for Finance Teams

Automated reconciliation, transparent reporting and streamlined settlements.

Built for Customers

Trusted local payment methods, smooth checkout journeys and fewer abandoned carts.