HitPay Named to CNBC’s World’s Top Fintech Companies 2026

Quick answer: HitPay has been named to CNBC’s World’s Top Fintech Companies 2026 list in the Payments category, produced with Statista. It is the company’s first appearance on the ranking — one of 500 companies globally, one of 35 in Southeast Asia, and one of 25 based in Singapore. Among the Southeast Asian companies on the list, HitPay is focused specifically on helping small and medium-sized businesses accept payments, distinct from consumer wallets, cross-border infrastructure providers, and business banking platforms. Since 2020, HitPay merchants have collectively saved more than US$35 million in payment fees, while non-card payment volume on the platform has risen 124 times over the same period.

The recognition marks a milestone for the Singapore-headquartered payments platform, which operates with a team of around 40 people and serves more than 20,000 partners across Singapore, Malaysia, the Philippines, and Australia.

What the CNBC ranking means for HitPay

CNBC’s World’s Top Fintech Companies 2026 list, produced with Statista, includes 500 companies globally.

HitPay was named to the list in the Payments category, marking the company’s first appearance on the ranking. Of the companies included, 35 are based in Southeast Asia and 25 are based in Singapore.

Among the Southeast Asian companies on the list, HitPay is focused specifically on helping small businesses accept payments, as distinct from the consumer wallets, cross-border infrastructure providers, and business banking platforms that make up much of the regional cohort.

HitPay’s customers include retailers, cafés, service providers, and online sellers across the region.

Built for small-business payment acceptance

HitPay’s focus is payment acceptance for small and medium-sized businesses.

The company brings online and in-person payment acceptance together across e-commerce, point-of-sale, and B2B payments, giving businesses access to multiple payment methods through a single platform.

HitPay reached the ranking against the backdrop of roughly US$18.5 million in total funding, including a 2022 Series A led by Tiger Global, while operating with a team of around 40 people.

“The last decade of fintech was about who could grow fastest. The next one is about who can do the most with the least, and pass that efficiency on to the customer,” said Aditya Haripurkar, Co-Founder and CEO of HitPay. “We built HitPay to prove a small team could serve small businesses better than a company a hundred times its size, and this list tells us that model holds up against anyone.”

More than US$35 million in payment fee savings

Since 2020, HitPay merchants have collectively saved more than US$35 million in payment fees they would otherwise have paid to legacy banks and card processors.

Over the same period, non-card payment volume on the platform rose 124 times.

The shift reflects changing payment preferences across Southeast Asia. Real-time payment schemes and e-wallets have become increasingly preferred by consumers, requiring merchants to support them at checkout.

“Just over five years back, the only option for merchants to accept payments would be card payments, which by their nature have a high interchange rate,” Haripurkar said. “What’s happened in the region since is that you have real-time payment schemes and e-wallets that consumers now prefer, and merchants have had to adopt them at checkout. That allows businesses to increase their margins and become more sustainable.”

What the shift toward non-card payments means for merchants

As consumers across Southeast Asia increasingly prefer real-time payment schemes and e-wallets, merchants have had to support a wider range of payment options at checkout.

For HitPay merchants, this shift has coincided with significant growth in non-card payment volume. Since 2020, non-card payment volume on the platform has risen 124 times, while merchants have collectively saved more than US$35 million in payment fees.

According to Haripurkar, the shift allows businesses to increase their margins and become more sustainable.

Growth across Singapore, Malaysia, and the Philippines

HitPay operates across three regulated Southeast Asian markets.

Over the past year, the company grew more than 100 percent in the Philippines and 150 percent in Malaysia, with Singapore anchoring the business as its first and most mature market.

HitPay serves more than 20,000 partners across Singapore, Malaysia, the Philippines, and Australia. The company also holds a 4.4 out of 5 rating on Trustpilot and is a Y Combinator alum backed by Tiger Global, Global Founders Capital, and HOF Capital.

The broader fintech context

HitPay’s recognition comes as the fintech sector shifts from rapid expansion toward profitability and scale.

According to Boston Consulting Group, global fintech revenues grew 22 percent in 2025 to surpass half a trillion dollars, growing more than four times as fast as traditional financial institutions. BCG describes a sector that is maturing rather than simply growing, with funding becoming more selective.

Asia-Pacific was the fastest-growing fintech market in 2025, expanding 25 percent, driven in part by Southeast Asia, with Singapore among the standout markets.

HitPay is among a group of homegrown companies that have scaled from Singapore into neighbouring markets while keeping their base and regulatory home in the country.

About HitPay

HitPay is a payments platform for growing businesses across Asia-Pacific.

Founded in 2016 and headquartered in Singapore, HitPay brings e-commerce, point-of-sale, and B2B payments together in a single, no-code platform.

Serving a network of more than 20,000 businesses across e-commerce, retail, food and beverage, and other sectors, HitPay processes both online and in-person payments.

The platform accepts a wide range of payment methods, including credit and debit cards, bank transfers, QR codes, and more than 700 digital wallets, with fast payouts and simple pay-per-transaction pricing.

HitPay is regulated by the Monetary Authority of Singapore (MAS), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), AUSTRAC, and FinCEN. The company is backed by Tiger Global, Y Combinator, Global Founders Capital, and HOF Capital.

Frequently asked questions

What is CNBC’s World’s Top Fintech Companies 2026 list?

CNBC’s World’s Top Fintech Companies 2026 list was produced with Statista and includes 500 fintech companies globally. HitPay was named to the list in the Payments category.

What category is HitPay listed under?

HitPay is listed in the Payments category of CNBC’s World’s Top Fintech Companies 2026. It is the company’s first appearance on the ranking.

How many Singapore-based companies made the list?

Twenty-five Singapore-based companies are included in CNBC’s World’s Top Fintech Companies 2026 list. Across Southeast Asia, 35 companies made the global list of 500.

How much have HitPay merchants saved in payment fees?

Since 2020, HitPay merchants have collectively saved more than US$35 million in payment fees they would otherwise have paid to legacy banks and card processors.

Over the same period, non-card payment volume on the platform rose 124 times.

How fast is HitPay growing in Southeast Asia?

Over the past year, HitPay grew more than 100 percent in the Philippines and 150 percent in Malaysia, with Singapore remaining its first and most mature market.

Which markets does HitPay operate in?

HitPay operates across three regulated Southeast Asian markets, with Singapore as its first and most mature market, and serves partners across Singapore, Malaysia, the Philippines, and Australia.

HitPay is regulated by the Monetary Authority of Singapore (MAS), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), AUSTRAC, and FinCEN.

What does HitPay offer businesses?

HitPay brings e-commerce, point-of-sale, and B2B payments together in a single no-code platform.

Businesses can accept online and in-person payments through methods including credit and debit cards, bank transfers, QR codes, and more than 700 digital wallets, with fast payouts and pay-per-transaction pricing.