Market guide · Asia-Pacific
Selling in Singapore
Singapore is a compact, high-income market with strong card and wallet use. PayNow QR payments are widely recognised and often used for larger transfers.
| Currency | Singapore dollar (SGD) |
|---|---|
| Languages | English, Mandarin, Malay, Tamil |
| Region | Asia-Pacific |
| Local acquiring | Available |
| Settlement | T+1 |
| Payout rail | PayNow / FAST · Seconds, 24/7 |
| Import consumption tax | GST · 9% |
Popular payment methods
Share of online payments by method. Illustrative figures.
| Visa, Mastercard, Amex | 50% (50% of online payments) |
|---|---|
| PayNow | 18% (18% of online payments) |
| Apple Pay | 12% (12% of online payments) |
| GrabPay | 6% (6% of online payments) |
| Alipay+ | 4% (4% of online payments) |
How to launch in Singapore
- 1Open a sandbox accountTest every flow for Singapore with test cards and methods before you sign anything.
- 2Turn on local methodsStart with PayNow, Apple Pay, GrabPay, Alipay+.
- 3Process domesticallyDomestic processing in Singapore avoids cross-border fees and lifts approval rates.
- 4Settle in SGDHold SGD and convert when you choose, or pay out locally.
- 5Show duty-inclusive pricesQuote GST and duties at checkout so nothing is due on delivery.
- 6Go liveVerify your business, switch your keys and watch the first orders arrive.
Duties and import tax
GST at 9% applies to most imported goods.
Thresholds: GST collected at sale on low-value goods up to SGD 400
Estimate landed cost for an orderRegulatory notes
- Overseas vendors of low-value goods above a turnover threshold register for GST.
- The Monetary Authority of Singapore licenses payment providers under the Payment Services Act.
Placeholder notes for the prototype, not legal advice.
Customer story nearby
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Other markets in Asia-Pacific
Launch in Singapore
Try the Singapore flow in the sandbox, or talk to us about your rollout.