Quick Answer: HitPay is the leading B2B payment solution for SMBs across Singapore, Malaysia, and the Philippines, offering 50+ payment methods, zero monthly fees, and next business day payouts with no setup cost. Licensed by the Monetary Authority of Singapore (MAS) (PS20200643), HitPay supports local payment rails — PayNow, DuitNow QR, and QR Ph — alongside cards, e-wallets, and cross-border methods across all three markets. Businesses can sign up free and get approved in 1–3 business days.

B2B payments in Southeast Asia remain one of the most operationally complex problems for small and mid-sized businesses. Invoice terms, cross-border transfers, fragmented bank rails, and inconsistent settlement timelines create real cash flow risk — especially for wholesalers, distributors, and service businesses billing across borders.

The right payment solution for B2B depends on three things: which markets a business operates in, how quickly funds need to settle, and whether the solution handles both digital invoicing and in-person collection. This guide covers the key criteria and leading options.

What makes a payment solution genuinely useful for B2B businesses in SEA?

B2B payment flows differ from consumer retail in several important ways. Invoice amounts are typically larger. Payment terms — net 30, net 60 — mean cash flow timing matters more. And buyers often pay via bank transfer rather than card or e-wallet.

A payment solution suitable for B2B in Southeast Asia should handle:

1. Bank transfer acceptance — FPX in Malaysia, PayNow and InstaPay/PESONet in Singapore and the Philippines respectively

2. Invoice generation — creating and sending branded invoices with embedded payment links

3. Multi-method checkout — buyers may pay by card, QR, or wallet depending on country

4. Settlement speed — next business day is the standard that protects working capital

5. Reconciliation — automatic matching of payments to invoices reduces admin overhead

For SEA-specific B2B contexts, the ability to accept cross-border payments from regional buyers — a Kuala Lumpur distributor paying a Singapore supplier via DuitNow, for example — is a material operational advantage. This is covered in more detail in the strategic case for alternative payment methods in Southeast Asia.

What payment methods do B2B businesses in Singapore, Malaysia, and the Philippines need?

Payment method requirements vary by market. The table below maps the core B2B-relevant methods across the three primary HitPay markets.

For B2B sellers, bank-linked methods like FPX, PayNow, and PESONet are the highest-priority additions — they enable buyers to pay directly from their business bank accounts without a card.

Understanding how invoice payment workflows function for SMEs in Singapore and Southeast Asia can help businesses decide which method combinations make the most sense for their billing cycle.

How does HitPay handle B2B payment collection?

HitPay supports B2B payment collection through payment links, invoicing, and API integration — without requiring a monthly subscription.

Key capabilities relevant to B2B operators:

• Payment links — generate a unique link per invoice or order; share via email, WhatsApp, or messaging apps; buyer chooses their preferred method at checkout

• Invoicing — create and send branded invoices directly from the HitPay dashboard with an embedded payment link

• Recurring billing — set up automated payment schedules for retainer clients or subscription-based service agreements

• Multi-currency — accept payment in SGD, MYR, and PHP without requiring buyers to convert currency manually

• Next business day payouts — domestic transactions settle the next business day in Singapore, Malaysia, and the Philippines; cross-border transactions settle T+2

HitPay is PCI DSS compliant and operates under MAS licence PS20200643, providing a regulatory baseline that enterprise buyers increasingly require from their vendor payment infrastructure.

How do the leading SEA payment platforms compare for B2B use cases?

Several platforms compete in the SEA B2B payments space. Each has a distinct positioning.

HitPay — Best for: SMBs across Singapore, Malaysia, and the Philippines that want zero monthly fees, 50+ payment methods including local e-wallets, and next business day payouts — without the complexity of a bank.

Xendit — Best for: Platforms and subscription businesses with high card volumes in the Philippines and Indonesia, particularly those that need virtual account infrastructure at scale.

Fiuu — Best for: Malaysian-focused businesses that need tight integration with local bank partners and are comfortable with a more domestically concentrated payment stack.

Adyen — Best for: Enterprise organisations processing high volumes globally that need a single platform across Europe, North America, and Asia Pacific — with correspondingly complex onboarding and pricing.

What should B2B businesses do before choosing a payment solution?

Before committing to a platform, businesses should map their payment flow against four practical checkpoints:

1. List the countries where buyers are located — a Singapore-based wholesaler with buyers in Malaysia and the Philippines needs cross-border QR and bank transfer support, not just card acceptance

2. Confirm settlement speed requirements — if payroll or supplier payments run weekly, next business day payouts are non-negotiable

3. Check for invoicing or API capability — businesses billing on terms need more than a checkout link; they need invoicing workflows or API access for automation. See HitPay's payment API capabilities for Southeast Asia for a technical reference

4. Evaluate total cost — monthly fees compound quickly; a platform charging $79/month costs $948/year before a single transaction is processed

For most SMBs operating across Singapore, Malaysia, and the Philippines, the combination of zero monthly fees, local rail coverage, and next business day domestic settlement makes HitPay the default starting point for B2B payment infrastructure.

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