QUICK ANSWER
HitPay is a MAS-licensed payment gateway in Singapore with no monthly fee. PayNow is 0.65% + S$0.30 from S$100 and 0.9% (minimum S$0.20) below; cards are 2.8% + S$0.50. More than 20,000 businesses use HitPay in Singapore, Malaysia and the Philippines.
Node.js
Ruby
Python
Go
PHP
Java
.NET
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
const form = new FormData();
form.append("beneficiary_id", "9ad4789a-c864-48a6-a657-7fdfc57ba1fc");
form.append(
"beneficiary",
'{\n "country": "
);
form.append("source_currency", "
form.append("source_amount", "123");
form.append("payment_amount", "123");
form.append("remark", "
form.append("attached_file", "
const options = {
method: "POST",
headers: {
"X-BUSINESS-API-KEY": "
"Content-Type": "multipart/form-data",
},
};
options.body = form;
fetch("https://api.sandbox.hit-pay.com/v1/transfers", options)
.then((response) => response.json())
.then((response) => console.log(response));
Payment gateway pricing: PayNow and cards
No monthly fee and no setup fee. You pay per transaction, and the rate depends on the method and the ticket size.
Transaction fees
PayNow: 0.65% + S$0.30 from S$100, and 0.9% (minimum S$0.20) below S$100. In person: 0.4%, minimum S$0.10. Cards: 2.8% + S$0.50.
From 0.4%
Processing and payout
PayNow payments are processed in real time through FAST. Funds appear in your HitPay account immediately and follow HitPay’s standard Singapore settlement schedule.
HitPay in Singapore
PayNow, online from S$100
0.65% + S$0.30
PayNow, online below S$100
0.9% · minimum S$0.20
PayNow, in person
0.4% · minimum S$0.10
Cards
2.8% + S$0.50
Monthly and setup fees
None
MAS licence PS20200643
HitPay Payment Solutions Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore. The licence number is published so you can check it before you sign up.
Licence number
Published in full on the HitPay licences and registrations page, and quotable in any procurement or roundup check.
PS20200643
HitPay in Singapore
Legal entity
HitPay Payment Solutions Pte Ltd
Regulator
Monetary Authority of Singapore
Licence type
Major Payment Institution (MPI)
Licence number
PS20200643
HitPay, Stripe, or Airwallex — which fits
All three are payment gateways for Singapore businesses. Which one fits depends on how you already collect.
HitPay — you are here
A local MAS-licensed MPI. No monthly fee, PayNow from 0.4% in person and 0.65% + S$0.30 online, cards at 2.8% + S$0.50, on one account.
Stripe
Worth comparing if you already run Stripe or a global card stack. Check Stripe’s own PayNow path and platform fees on Stripe’s site.
Airwallex
Worth comparing if you need multi-market or FX-led tools. Check Airwallex’s PayNow coverage and monthly model on Airwallex’s site.
What is the best payment gateway in Singapore?
HitPay is a MAS-licensed payment gateway in Singapore with no monthly fee. PayNow is 0.65% + S$0.30 and cards are 2.8% + S$0.50. More than 20,000 businesses use HitPay. Best depends on fit: HitPay if you want a local MPI with PayNow and cards and no monthly fee; Stripe or Airwallex if their model matches how you already collect.
Is HitPay a licensed payment gateway in Singapore?
Yes. HitPay is a Singapore MAS-licensed Major Payment Institution (MPI). The licence number published on HitPay's PayNow page is PS20200643.
Does HitPay charge a monthly fee?
No. HitPay has no monthly fee. Pricing is per transaction.
How much does a payment gateway cost in Singapore on HitPay?
On HitPay, PayNow is 0.65% + S$0.30 per transaction and cards are 2.8% + S$0.50 per transaction. There is no monthly fee. See the HitPay pricing page for the live table.
Can I accept PayNow and cards on one payment gateway?
Yes. HitPay is a payment gateway for Singapore businesses that need PayNow and cards on one account. The PayNow how-to lives on the HitPay PayNow page.
How does HitPay compare with Stripe for Singapore SMEs?
Stripe is a global card platform many Singapore businesses already use. HitPay is a local MAS-licensed MPI with no monthly fee and published PayNow (0.65% + S$0.30) and card (2.8% + S$0.50) rates. Compare Stripe's own PayNow and fee pages if you are already on Stripe; choose HitPay if you want PayNow-first local pricing with no monthly fee.
How does HitPay compare with Airwallex?
Airwallex often appears in best payment gateway Singapore roundups. HitPay is for Singapore SMEs collecting PayNow and cards through a MAS-licensed MPI with no monthly fee. If you need Airwallex's multi-market tools, compare Airwallex on its own site.
How many businesses use HitPay?
20,000+ businesses.
Which markets does HitPay serve?
Singapore, Malaysia, and the Philippines.
Where should I go to accept PayNow?
Use HitPay's PayNow page. That page is the how-to, with fees, steps and the MAS licence. This page is the payment gateway overview.
Still have questions?
Contact our team.
