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To accept PayNow in Singapore, use a MAS-licensed payment institution such as HitPay. There is no monthly fee. Online PayNow is 0.65% + S$0.30 from S$100, and 0.9% (minimum S$0.20) below S$100. In-person PayNow is 0.4%. 20,000+ businesses use HitPay across Singapore, Malaysia and the Philippines.
PayNow payments are completed in real time, improving cash flow and reducing delays.
PayNow is the preferred payment method for millions of customers in Singapore.
PayNow transaction fees are lower than credit cards, making it a cost-effective cashless option.
HitPay is trusted by over 20,000+ businesses across APAC, and has a Major Payment Institution license with the MAS.
No setup or subscription fees, no hidden fees or surprises. Only pay per transaction.
With HitPay, you can accept PayNow both online and offline.
Shopify
Xero
WooCommerce
Prestashop
Wix
Magento
Sell online
Integrate PayNow on Shopify, WooCommerce, and any e-commerce platform you use to sell online.
Sell in-person
For in-person transactions, HitPay Payment Links function as a PayNow QR code generator, allowing your customers to scan and pay with their mobile banking app.
How to accept PayNow as a business
Businesses can accept PayNow through online checkout, a static QR code in person, or invoices and payment links. HitPay supports all three from one account, with no separate payment-method integration.
Customers complete payment in their existing Singapore banking app. Transactions are confirmed in real time through FAST, with no card details or additional app download required.
Ways customers can pay
Online checkout
Add PayNow to Shopify, WooCommerce, Wix, Magento, or PrestaShop. Customers select PayNow, scan the generated QR or follow the payment reference, then return to your confirmation page.
In-person static QR
Generate a PayNow QR in HitPay, print it, and display it at your counter. Customers scan with their banking app, enter the amount, and you receive a real-time payment notification.
How to set up PayNow QR with HitPay
01 · Create your free HitPay account
Register without a credit card, setup fee, or monthly commitment.
02 · Submit your business details
Provide your Singapore UEN, ACRA registration, and director or owner ID. Most businesses are verified within 24 hours.
03 · Link your business bank account
Connect the Singapore bank account where PayNow settlements should arrive. HitPay supports all major Singapore banks.
04 · Enable PayNow and go live
Enable PayNow under Payment Methods. Download your SGQR-compliant QR, add PayNow to checkout, or share a PayNow-enabled invoice or payment link.
For service businesses and remote sales, payment links and invoices can be shared through WhatsApp, email, or SMS—no website required.
PayNow business fees and payout timing
PayNow gives Singapore businesses a low-cost, real-time payment option for online checkout, in-person QR payments, invoices, and payment links.
Transaction fees
S$100 and above: 0.65% + S$0.30. Below S$100: 0.9%, with a minimum fee of S$0.20. In person: 0.4%, with a minimum fee of S$0.10. No monthly fee and no setup fee — you pay per transaction.
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.
PayNow limits and business benefits
No merchant receiving cap
PayNow sending limits are set by the customer’s bank. HitPay does not impose a merchant receiving cap.
Zero card chargeback risk
PayNow is push-based: the customer initiates and authorises the transfer, so card-network chargebacks do not apply.
UEN-based business acceptance
Registered Singapore businesses accept PayNow using a UEN linked to a corporate bank account.
One account, every channel
Use the same HitPay account for QR, online checkout, invoices, payment links, cards, and other local payment methods.
PayNow via HitPay
S$100 and above
0.65% + S$0.30
Below S$100
0.9% · minimum S$0.20
In person
0.4% · minimum S$0.10
Monthly and setup fees
None
In-person acceptance
Static SGQR-compliant QR
Online acceptance
Checkout, invoice, or payment link
Separate PayNow merchant account
Not required
MAS licence PS20200643
Businesses accept PayNow through a licensed institution. HitPay Payment Solutions Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore.
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 for PayNow
All three can take PayNow. Which one fits depends on how you already collect.
HitPay — you are here
A local MAS-licensed MPI. No monthly fee, PayNow at 0.65% + S$0.30 online and 0.4% in person, and the setup steps are on this page.
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 difference between PayNow, PayNow QR, and SGQR?
PayNow is the payment network. A PayNow QR is a QR code that initiates a PayNow transfer. SGQR is Singapore’s national QR standard that combines multiple payment schemes, including PayNow, into one QR code. HitPay generates SGQR-compliant QR codes automatically.
What is the PayNow transaction limit?
PayNow sending limits are set by the customer’s bank, not by the merchant or HitPay. Individual users are commonly limited to around S$1,000 per day, although limits vary by bank and account settings. Corporate accounts may have significantly higher limits. Merchants do not have a HitPay receiving cap.
How do I accept PayNow in Singapore?
Use a MAS-licensed payment institution. With HitPay: open an account on hitpayapp.com, complete the PayNow setup steps on this page, then request PayNow from customers. HitPay is a MAS-licensed MPI (PS20200643). There is no monthly fee. PayNow is 0.65% + S$0.30 per transaction on payments of S$100 and above, and 0.9% with a minimum fee of S$0.20 below S$100.
How much does it cost to accept PayNow with HitPay?
PayNow is 0.65% + S$0.30 per transaction on payments of S$100 and above, and 0.9% with a minimum fee of S$0.20 on payments below S$100. There is no monthly fee. See the HitPay pricing page for the live table.
Do I need a MAS licence to accept PayNow?
Businesses accept PayNow through a licensed institution. HitPay is a Singapore MAS-licensed Major Payment Institution. Licence number: PS20200643.
Is there a monthly fee to accept PayNow on HitPay?
No. HitPay has no monthly fee. You pay per PayNow transaction (0.65% + S$0.30 at S$100 and above, 0.9% with a S$0.20 minimum below S$100).
Can I accept PayNow and cards together?
Yes. HitPay is a payment gateway for PayNow and cards on one account. Cards are 2.8% + S$0.50. Setup for PayNow stays on this page.
How does accepting PayNow on HitPay compare with Stripe?
Stripe publishes its own PayNow how-to and currently ranks for how to accept PayNow. If you already run Stripe, use Stripe's page. If you want a local MAS-licensed MPI with no monthly fee and PayNow at 0.65% + S$0.30, follow the HitPay steps on this page.
How does accepting PayNow on HitPay compare with Airwallex?
Airwallex also ranks for how to accept PayNow. Compare Airwallex on its own site if that is your stack. HitPay is for Singapore SMEs that want PayNow on a MAS-licensed MPI (PS20200643) with no monthly fee at 0.65% + S$0.30.
Who is HitPay PayNow for?
Singapore businesses that need to accept PayNow. HitPay also serves Malaysia and the Philippines. 20,000+ businesses use HitPay.
What is HitPay's MAS licence number?
PS20200643. HitPay is a Singapore MAS-licensed MPI.
Where do I see all HitPay payment gateway fees?
PayNow is 0.65% + S$0.30 at S$100 and above (0.9% with a S$0.20 minimum below S$100) and cards are 2.8% + S$0.50. There is no monthly fee. The full table is on the HitPay pricing page.
Still have questions?
Contact our team.
