PayNow QR API and Payment Gateway Integration - HitPay
January 28, 2021
Get onboard with HitPay’s PayNow QR payment gateway with developer APIs and supported plugins like Shopify, Wix, EasyStore, Shopcada, WooCommerce, Prestashop, and Magento
It has been 6 months since HitPay launched PayNow QR checkouts for e-commerce merchants in Singapore and this 👇 is what we have learned:
PayNow is now a ubiquitous payment method in Singapore
PayNow is available on every Singapore banking user’s mobile device and is only a couple of taps away with over 9 banks supporting PayNow QR transactions in addition to DBS PayLah! and Google Pay Singapore. As of September 2019, 2.8m PayNow user registrations were recorded with this number poised to grow post-COVID 19.
Comparison of payout schedules
Customers LOVE paying with their mobile phones
As opposed to credit card checkouts on e-commerce platforms, PayNow QR checkouts require customers to use their mobile phone to checkout on an e-commerce merchant website. This is a safer and more convenient way for customers to pay and HitPay merchants have observed a 50% decrease in cart abandonment rates after adding PayNow checkouts to their e-commerce store.
Click on the video below to view the HitPay PayNow QR checkout demo
Merchants are saving an average of S$500 per month on payment processing fees
When e-commerce merchants use HitPay for PayNow QR payment acceptance, merchants are potentially saving upto S$10,000 in payment fees on an annual basis. PayNow QR acceptance provides upto 70% savings in payment processing fees compared to credit card payment processing. HitPay charges 0.8%+30c per transaction, without any setup, monthly or annual fees.
Savings with HitPay PayNow QR payment gateway
HitPay has dramatically improved cashflow management for e-commerce merchants
With next-day payouts for PayNow e-commerce checkouts, HitPay has improved access to cashflows by over 80%. The standard payout period for online credit card payment acceptance is 4–7 business days and HitPay automatically pays out to the merchant, the next day (even on weekends!)
Comparison of payout schedules
To find out more about HitPay, please visit our website or contact us on WhatsApp
PayNow QR API and Payment Gateway Integration - HitPay
January 28, 2021
Get onboard with HitPay’s PayNow QR payment gateway with developer APIs and supported plugins like Shopify, Wix, EasyStore, Shopcada, WooCommerce, Prestashop, and Magento
It has been 6 months since HitPay launched PayNow QR checkouts for e-commerce merchants in Singapore and this 👇 is what we have learned:
PayNow is now a ubiquitous payment method in Singapore
PayNow is available on every Singapore banking user’s mobile device and is only a couple of taps away with over 9 banks supporting PayNow QR transactions in addition to DBS PayLah! and Google Pay Singapore. As of September 2019, 2.8m PayNow user registrations were recorded with this number poised to grow post-COVID 19.
Comparison of payout schedules
Customers LOVE paying with their mobile phones
As opposed to credit card checkouts on e-commerce platforms, PayNow QR checkouts require customers to use their mobile phone to checkout on an e-commerce merchant website. This is a safer and more convenient way for customers to pay and HitPay merchants have observed a 50% decrease in cart abandonment rates after adding PayNow checkouts to their e-commerce store.
Click on the video below to view the HitPay PayNow QR checkout demo
Merchants are saving an average of S$500 per month on payment processing fees
When e-commerce merchants use HitPay for PayNow QR payment acceptance, merchants are potentially saving upto S$10,000 in payment fees on an annual basis. PayNow QR acceptance provides upto 70% savings in payment processing fees compared to credit card payment processing. HitPay charges 0.8%+30c per transaction, without any setup, monthly or annual fees.
Savings with HitPay PayNow QR payment gateway
HitPay has dramatically improved cashflow management for e-commerce merchants
With next-day payouts for PayNow e-commerce checkouts, HitPay has improved access to cashflows by over 80%. The standard payout period for online credit card payment acceptance is 4–7 business days and HitPay automatically pays out to the merchant, the next day (even on weekends!)
Comparison of payout schedules
To find out more about HitPay, please visit our website or contact us on WhatsApp
PayNow QR API and Payment Gateway Integration - HitPay
January 28, 2021
Get onboard with HitPay’s PayNow QR payment gateway with developer APIs and supported plugins like Shopify, Wix, EasyStore, Shopcada, WooCommerce, Prestashop, and Magento
It has been 6 months since HitPay launched PayNow QR checkouts for e-commerce merchants in Singapore and this 👇 is what we have learned:
PayNow is now a ubiquitous payment method in Singapore
PayNow is available on every Singapore banking user’s mobile device and is only a couple of taps away with over 9 banks supporting PayNow QR transactions in addition to DBS PayLah! and Google Pay Singapore. As of September 2019, 2.8m PayNow user registrations were recorded with this number poised to grow post-COVID 19.
Comparison of payout schedules
Customers LOVE paying with their mobile phones
As opposed to credit card checkouts on e-commerce platforms, PayNow QR checkouts require customers to use their mobile phone to checkout on an e-commerce merchant website. This is a safer and more convenient way for customers to pay and HitPay merchants have observed a 50% decrease in cart abandonment rates after adding PayNow checkouts to their e-commerce store.
Click on the video below to view the HitPay PayNow QR checkout demo
Merchants are saving an average of S$500 per month on payment processing fees
When e-commerce merchants use HitPay for PayNow QR payment acceptance, merchants are potentially saving upto S$10,000 in payment fees on an annual basis. PayNow QR acceptance provides upto 70% savings in payment processing fees compared to credit card payment processing. HitPay charges 0.8%+30c per transaction, without any setup, monthly or annual fees.
Savings with HitPay PayNow QR payment gateway
HitPay has dramatically improved cashflow management for e-commerce merchants
With next-day payouts for PayNow e-commerce checkouts, HitPay has improved access to cashflows by over 80%. The standard payout period for online credit card payment acceptance is 4–7 business days and HitPay automatically pays out to the merchant, the next day (even on weekends!)
Comparison of payout schedules
To find out more about HitPay, please visit our website or contact us on WhatsApp
Let's get you set up
Create an account instantly or contact us to create a custom package for your business.
Singapore
Philippines
Malaysia
Indonesia
Thailand
Australia & New Zealand
United Kingdom
Hong Kong
Sweden
United States
All other countries
HitPay Payment Solutions Pte Ltd ("HitPay") is licensed as a Major Payment Institution (PS20200643) under Singapore's Payment Services Act for the provision of Domestic Money Transfer Services, Cross-Border Money Transfer Services and Merchant Acquisition Services. This can be confirmed on the MAS Financial Institutions Directory here. HitPay may also provide these services in conjunction with other MAS licensed or exempt partners.
HitPay Payment Solutions Pte Ltd
88 Market Street Level #40-01, CapitaSpring, Singapore 048948.
Global
Let's get you set up
Create an account instantly or contact us to create a custom package for your business.
Singapore
Philippines
Malaysia
Indonesia
Thailand
Australia & New Zealand
United Kingdom
Hong Kong
Sweden
United States
All other countries
HitPay Payment Solutions Pte Ltd ("HitPay") is licensed as a Major Payment Institution (PS20200643) under Singapore's Payment Services Act for the provision of Domestic Money Transfer Services, Cross-Border Money Transfer Services and Merchant Acquisition Services. This can be confirmed on the MAS Financial Institutions Directory here. HitPay may also provide these services in conjunction with other MAS licensed or exempt partners.
HitPay Payment Solutions Pte Ltd
88 Market Street Level #40-01, CapitaSpring, Singapore 048948.
Global
Let's get you set up
Create an account instantly or contact us to create a custom package for your business.
Singapore
Philippines
Malaysia
Indonesia
Thailand
Australia & New Zealand
United Kingdom
Hong Kong
Sweden
United States
All other countries
HitPay Payment Solutions Pte Ltd ("HitPay") is licensed as a Major Payment Institution (PS20200643) under Singapore's Payment Services Act for the provision of Domestic Money Transfer Services, Cross-Border Money Transfer Services and Merchant Acquisition Services. This can be confirmed on the MAS Financial Institutions Directory here. HitPay may also provide these services in conjunction with other MAS licensed or exempt partners.
HitPay Payment Solutions Pte Ltd
88 Market Street Level #40-01, CapitaSpring, Singapore 048948.
Global
Let's get you set up
Create an account instantly or contact us to create a custom package for your business.
Singapore
Philippines
Malaysia
Indonesia
Thailand
Australia & New Zealand
United Kingdom
Hong Kong
Sweden
United States
All other countries
HitPay Payment Solutions Pte Ltd ("HitPay") is licensed as a Major Payment Institution (PS20200643) under Singapore's Payment Services Act for the provision of Domestic Money Transfer Services, Cross-Border Money Transfer Services and Merchant Acquisition Services. This can be confirmed on the MAS Financial Institutions Directory here. HitPay may also provide these services in conjunction with other MAS licensed or exempt partners.
HitPay Payment Solutions Pte Ltd
88 Market Street Level #40-01, CapitaSpring, Singapore 048948.
Global