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Stripe alternatives for Singapore businesses [2027]

Last update: October 29, 2026

Evaluating the top Stripe alternatives for Singapore-based SMEs and enterprises, and introducing World Account for managing multi-currency payouts

Key takeaways

Stripe charges 1.3% per successful PayNow transfer in Singapore1
Braintree, PayPal, and Shopify Payments are broader payment platforms not supporting PayNow
Adyen and Checkout.com are enterprise-focused payment platforms offering global payment processing, local acquiring, custom checkout integrations and tools for managing payments across multiple markets
HitPay and 2C2P are Southeast Asia (SEA) focused payment providers offering prominent local methods such as PayNow, Alipay, WeChat Pay, GrabPay, ShopeePay and Atome
World Account by WorldFirst connects with 130+ payment gateways and marketplaces, letting you collect multi-currency payouts in original currencies without converting every foreign currency payout to SGD on receipt

Stripe provides financial infrastructure for businesses, combining payment processing, recurring billing, fraud detection and international money movement into one unified platform.² It supports local payment methods in Singapore including PayNow, GrabPay, WeChat Pay and Alipay–and charges a 2% fee when currency conversion is required.¹

Businesses must meet currency-specific minimum payout requirements and pay a 1% fee when settling in currencies other than SGD.³

For businesses that frequently manage cross-border payments, access to local payment methods, multi-currency settlement options, FX fees and payout schedules can influence their choice of payment gateway.

This guide compares 11 Stripe alternatives for Singapore SMEs and explains how WorldFirst’s World Account can be connected to supported payment gateways to receive and manage multi-currency payouts.

What is Stripe?

Stripe is a global payment processing platform and financial infrastructure provider combining checkout, invoicing, subscription billing, and marketplace payments (Connect) within a single account.² It supports 100+ local and global payment methods, allowing you to accept payments via PayNow, GrabPay and major card networks.1 Stripe offers a pre-built checkout page that businesses can embed on their websites or use as a Stripe-hosted payment page to collect customer payments.⁴

What to look for in a Stripe alternative

Supported payment methods: Should support local payment methods such as PayNow and GrabPay, digital wallets such as Alipay+, Apple Pay and Google Pay, and major international card networks such as Visa, Mastercard and American Express
Recurring billing and subscriptions: Automate recurring payments, tiered and usage-based pricing, failed payment retries
Multi-currency support: Does it adapt pricing to the customer’s region and let them pay in their preferred currency
International reach: Check if merchant onboarding is available for your location and the local payment methods available in your target’s market
Marketplace and platform support: Look for integrations with your existing e-commerce platform, such as Shopify, WooCommerce or Magento, and support for marketplace payments if relevant
Developer tools: Assess the availability of APIs, SDKs, documentation and pre-built checkout options based on your technical capabilities and customisation needs
Fees: Compare transaction fees, international card surcharges, currency conversion charges, refund fees and any monthly or setup costs
Settlement structure: Currencies available for settlement and timeline for payouts
Regulatory status: Verify the provider’s regulatory status in Singapore, including whether it holds a relevant Monetary Authority of Singapore (MAS) licence

Read this Stripe Singapore review to get a detailed overview

Top Stripe alternatives for Singapore businesses

1. Airwallex

Airwallex is a financial technology platform offering cross-border payments, multi-currency accounts, and virtual cards. It lets users accept payments from customers in 200+ countries through 160+ payment methods, including PayNow, credit and debit cards, digital wallets, BNPL, and bank transfers.^5,6

To collect payments, Airwallex offers hosted checkout pages, one-time and reusable payment links, and pre-built plugins for Shopify, WooCommerce and Magento.⁷

Fees	Airwallex fees^6,8
Setup fees	Zero
Monthly fees	S$0 – S$399/ month
Foreign exchange fees	0.4% above interbank rates
Card payments	3.30% + S$0.50 (Additional 0.3% for international cards)
Local payment methods (online)	S$0.50 processing fee applies to all transactions Bank transfer: 1.5% PayNow: 1% GrabPay: 3% PayLater by Grab: 6% ShopeePay: 3.5% WeChatPay: 2%
Chargeback fee	S$15

Fees checked in September 2026

Check this WorldFirst vs Stripe vs Airwallex comparison

2. HitPay

HitPay is a payment gateway and point-of-sale (POS) platform designed for Singapore SMBs.⁹ It supports 50+ payment methods, including local options such as PayNow, GrabPay, ShopeePay, Atome, and ShopBack PayLater, and lets you accept payments across nine Asia-Pacific markets.¹⁰ HitPay offers a fully hosted checkout experience with plugins for Shopify, WooCommerce and Wix.⁹

Fees	HitPay fees^11,12
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	1%
Card payments	3.65% + S$0.50 + 2% additional fees on foreign currency transactions
Local payment methods	PayNow: 0.65% + S$0.30 GrabPay: 3% PayLater by Grab: 5.5% ShopeePay: 3% WeChatPay: 1.5% UPI: 2% Cross-border payment methods: 1.5% onwards
Chargeback fee	S$20

Fees checked in September 2026

3. Adyen

Adyen is a payments platform for global enterprises and tech-forward businesses that need a single platform to unify online and in-store payment data. It supports payments in 150+ currencies and offers 200+ payment methods, including cards, PayNow, and local digital wallets (GrabPay, WeChat Pay, Alipay).^13,14 Adyen combines payment links, in-store payments, e-commerce plugins, and recurring billing within one platform.^15,16 It supports multi-currency settlement in configured currencies with local and cross-border payouts in currencies including SGD, USD, GBP, EUR, NZD, HKD, and AUD.¹⁷

Fees	Adyen fees¹⁸
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	Not specified
Card payments	€0.11 processing fee + payment method fee that depends on the card network Mastercard/ Visa: Interchange++ 0.60% JCB: 3.75% Discover: 3.95% AMEX: 3.95%
Local payment methods	€0.11 processing fee + payment method fee GrabPay online: 2.8% PayNow: 1.30% Alipay: 3%
Chargeback fee	Not specified

Fees checked in September 2026

4. Xendit

Xendit is a payment gateway and payment infrastructure provider for businesses across Southeast Asia.¹⁹ It lets Singapore merchants accept local and international payments through cards and PayNow.20 Xendit also supports automated and batch payouts to 450+ destinations, along with refunds and reimbursements through payout links.^19,21 Xendit Treasury, only accessible to invited businesses, supports holding across 17 currencies.²²

Fees	Xendit fees²⁰
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	Not specified
Card payments	Domestic card payments: 3.30% + S$0.50 + S$0.30 Xendit processing fee International card payments: 3.80% + S$0.50+ S$0.30 Xendit processing fee
Local payment methods	PayNow: 1.30% + S$0.30 Xendit processing fee
Chargeback fee	US$25

Fees checked in September 2026

Check this guide comparing top foreign currency accounts in Singapore

5. 2C2P

2C2P is a full-suite payments platform for businesses in Southeast Asia, letting them receive international payments through 400+ payment methods. Beyond cards and PayNow, it supports Singapore-specific local methods such as Alipay, WeChat Pay, GrabPay, ShopeePay and Atome.²³ It allows businesses to create branded digital wallets and issue physical or virtual payment cards with its issuing solutions.²⁴

2C2P payments fees: Not specified

6. Checkout.com

Checkout.com is a global payment service provider offering multiple integration paths: hosted checkout pages, payment links, e-commerce plugins and mobile SDKs.²⁵ It supports payment acceptance through cards, PayNow, Buy Now, Pay Later (BNPL) services and local digital wallets.²⁶ Issue virtual and physical cards, make card payouts in 170+ countries, optimise checkout flows and manage the entire payment lifecycle through a unified payments API.^25,27,28

Fees	Checkout.com fees²⁹
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	Not specified
Card payments	Not specified
Other payment methods	Not specified
Chargeback fee	Not specified

Fees checked in September 2026

7. Braintree

Braintree is PayPal’s payments platform that lets businesses accept online and mobile payments from customers across 200+ markets. It supports credit and debit cards, PayPal, direct bank payments and 10+ local payment methods, excluding PayNow. Braintree also offers One Touch payments, mobile SDKs, and pre-built checkout interfaces to optimise the checkout experience.³⁰

Fees	Braintree fees
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	Exchange rate set by the applicable network + 1% fee³¹
Card payments	3.4% + S$0.50 Braintree Fixed Fee + 1% additional fee on International transactions³²
Other payment methods	3.90% + S$0.50Braintree Fixed Fee + 1% additional fee on International transactions³²
Chargeback fee	S$30³¹

Fees checked in September 2026

8. PayPal

PayPal is a digital payments platform that enables businesses to accept payments in 130+ currencies through major card networks, PayPal payments and a few local methods such as Alipay, iDEAL and BLIK.^30,33 Businesses can send funds across 96 markets in 24 currencies and get access to developer tools, checkout integrations, an invoicing system and a reporting dashboard to manage their payment transactions.^34,35

Fees	PayPal fees³¹
Setup fees	Zero
Monthly fees	Zero
Foreign exchange fees	Not specified
Card payments	Domestic payments: 3.40% + S$0.50 International payments: 3.4% + fixed fee (based on currency received) + 0.70%
Other payment methods	Local receiving: 3.90% + S$0.50 International receiving: 4.40% + fixed fee (based on currency received)
Chargeback fee	S$15

Fees checked in September 2026

9. Shopify Payments

Shopify Payments is a built-in payment gateway and processing solution for Shopify merchants. It lets them accept payments in 130+ currencies through international cards, Shop Pay, and supported cryptocurrency payment options.^36,37 PayNow is not currently supported through Shopify Payments in Singapore, but GrabPay is available in early access for eligible Singapore stores.³⁷

Fees	Shopify Payments fees
Setup fees	Zero³⁸
Monthly fees	Zero³⁸
Foreign exchange fees	Not specified
Card payments	Payment processing fee varies by card and location³⁹
Other payment methods	Shop Pay, Local payment methods: Standard Shopify Payments rate + 1.25% premium³⁸
Third-party payment provider charges	Varies by your Shopify plan³⁸
Chargeback fee	Not specified

Fees checked in September 2026

10. Fiuu

Fiuu is a digital payment gateway supporting local and cross-border payments across Southeast Asia through 110+ payment methods.⁴⁰ These include local payment methods such as PayNow, GrabPay, Alipay and WeChat Pay, in addition to credit and debit cards and online banking.⁴⁰ Virtual Terminal is available to Singapore merchants, allowing them to accept contactless payments on their phone.⁴¹

Fiuu payments fees: Not specified

11. Nium

Nium is a global payments infrastructure provider supporting cross-border payouts to 190+ countries through bank accounts, cards and digital wallets.⁴² Businesses can hold funds in 100+ currencies through its multi-currency accounts but you can only set up accounts under your company name in 20 currencies. Virtual and physical cards are available in Singapore in 12 currencies, including SGD, USD, EUR and GBP.^43,44

Nium payments fees: Not specified

Here’s a guide evaluating business bank accounts in Singapore

Stripe alternatives comparison

Provider	Best for	International payments	PayNow	Recurring/ SaaS	Multi-currency	Local wallets
Airwallex	Global businesses and SaaS	Yes	Yes⁶	Yes⁴⁷	Yes⁵	Yes⁶
HitPay	Singapore SMEs and e-commerce	Yes	Yes¹⁰	Yes⁴⁸	Yes¹¹	Yes¹⁰
Adyen	Large and enterprise businesses	Yes	Yes¹⁴	Yes¹⁶	Yes¹³	Yes¹⁴
Xendit	Companies expanding across Southeast Asia	Yes	Yes²⁰	Yes⁴⁹	Yes¹⁹	No²⁰
2C2P	E-Commerce businesses and large enterprises in Southeast Asia	Yes	Yes²³	Yes⁵⁰	Yes²³	Yes²³
Checkout.com	High growth enterprises	Yes	Yes²⁶	Yes⁵¹	Yes²⁹	Yes²⁶
Braintree	Mobile-first businesses	Yes	No³⁰	Yes⁵²	Yes³⁰	Limited³⁰
PayPal	D2C exporters	Yes	No³⁰	Yes⁵²	Yes³³	Limited³⁰
Shopify Payments	Shopify merchants	Yes	No³⁷	Via Shopify Subscriptions⁵³	Yes³⁶	Limited³⁷
Fiuu	Asian e-commerce businesses	Yes	Yes⁴⁰	Yes⁴¹	Yes⁴¹	Yes⁴⁰
Nium	Businesses that need cross-border payment infrastructure	Yes	Yes⁴⁶	Yes⁵⁴	Yes⁴²	No⁶¹

Details checked in September 2027

The World Account: The multi-currency companion for Singapore businesses

WorldFirst is an international payments provider offering the World Account, a multi-currency account for businesses managing cross-border transactions. It offers local receiving accounts in 20+ currencies that can be added as payout destinations on supported marketplaces and payment gateways, including Stripe and PayPal.

This means businesses can receive marketplace payouts in their original currencies, hold them in the corresponding currency accounts and convert them to SGD only when needed. This prevents default SGD conversion, giving businesses greater control over the exchange rates they accept.

Here’s how World Account connects to payment gateways:

Open a World Account with WorldFirst
Get local receiving details in 20+ currencies, including SGD, USD, GBP, EUR, CNH, AUD and others
Add those details to your chosen payment gateway as payout destinations, one for each currency you want to receive in
Your payment gateway routes international payouts to the matching-currency World Account (USD payouts to your USD balance, GBP to GBP, and so on)
Funds are held in the received currency, without an automatic conversion to SGD on arrival
Convert to SGD when you choose, at your preferred rate or the rate available on the day

Once the marketplace payouts are sitting in your World Account, the funds can be used in a few ways without triggering a conversion.

Spend with World Card to make cross-border payments

World Card, a Mastercard-powered multi-currency card, is linked to your World Account. It supports payments in 150+ currencies, with no fees when paying in one of the 15 supported currencies, provided you have sufficient balance held in that currency. You can issue up to 20 virtual cards at zero issuance cost

Pay overseas suppliers and contractors

Use your held currency balances to make international payments in matching currencies. For example, you can use your USD balance to pay for USD-denominated subscriptions or pay US suppliers and contractors without triggering unnecessary currency conversions. The World Account lets you send payments in 100+ currencies to 200+ countries and regions.

Pay Chinese suppliers in CNH

Businesses sourcing from China can use World Pay, the authorised international payment provider for 1688.com, to pay their suppliers directly in CNH from the same account

Lock an exchange rate

Businesses can lock in an exchange rate today for a future conversion or payment, giving them certainty on the SGD value

Reconcile through Xero and NetSuite

The World Account integrates with Xero and NetSuite for multi-currency reconciliation, so foreign currency payouts and payments feed directly into your accounting software without manual entry.

Fees	WorldFirst fees
Account opening fees	Zero
Monthly fee	Zero
Local currency accounts	Zero
Annual card fees	Zero
Currency conversion	Up to 0.6%
International transfers	USD 5 onwards (SWIFT transactions)

Fees checked in September 2026

FAQs

1. What are the best Stripe alternatives in Singapore?

Airwallex, HitPay, Adyen, Xendit, 2C2P, Checkout.com, PayPal Braintree, PayPal, Shopify Payments, Fiuu and Nium are some alternatives to Stripe for businesses in Singapore. These providers differ in their supported payment methods, international coverage, transaction fees, settlement currencies and integration options.

2. What is Stripe Payments?

Stripe Payments is a full-stack payment processing solution that lets businesses accept, process, settle, manage and reconcile payments through 100+ payment methods, including major card networks such as Visa, Mastercard, American Express, JCB and UnionPay.

3. Can I use a multi-currency account with Stripe alternatives?

Yes, some payment gateways let businesses add external multi-currency account details as payout destinations. However, check if your chosen gateway allows settlement to the receiving details and currency offered by your multi-currency account.

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.

Sources

https://stripe.com/en-sg/pricing
https://stripe.com/en-sg
https://docs.stripe.com/payouts/multi-currency-settlement?account-country=SG
https://stripe.com/en-sg/payments/checkout
https://www.airwallex.com/en-sg/
https://www.airwallex.com/en-sg/online-payments-capability
https://www.airwallex.com/en-sg/payments
https://www.airwallex.com/en-sg/pricing
https://hitpayapp.com/sg/
https://hitpayapp.com/sg/cross-border-payments
https://hitpayapp.com/sg/multi-currency-ecommerce-pricing
https://hitpayapp.com/sg/pricing
https://www.adyen.com/en_SG
https://www.adyen.com/en_SG/pricing
https://www.adyen.com/en_SG/unified-commerce
https://www.adyen.com/en_SG/industries/digital-media/software
https://docs.adyen.com/account/supported-currencies
https://www.adyen.com/en_SG/pricing
https://www.xendit.co/en/
https://www.xendit.co/en/pricing/
https://www.xendit.co/en/products/xenpayout/
https://www.xendit.co/en-sg/products/global-treasury/
https://2c2p.com/payment-methods/
https://2c2p.com/issuing/
https://www.checkout.com/products/unified-payments-api
https://www.checkout.com/payment-method/accept
https://www.checkout.com/products/issuing
https://www.checkout.com/technology/payouts
https://www.checkout.com/pricing
https://www.paypal.com/sg/enterprise/payment-methods
https://www.paypal.com/sg/business/paypal-business-fees
https://www.paypal.com/sg/enterprise/paypal-braintree-fees
https://www.paypal.com/sg/business
https://www.paypal.com/sg/business/accept-payments/checkout#paypal-checkout
https://www.PayPal.com/sg/business/make-payments
https://www.shopify.com/in/payments
https://help.shopify.com/en/manual/payments/shopify-payments/supported-countries/singapore/payment-methods#accelerated-checkouts-singapore
https://help.shopify.com/en/manual/payments/shopify-payments/onboarding/cost-of-shopify-payments
https://help.shopify.com/en/manual/international/pricing/fees
https://fiuu.com/payment-channels/
https://fiuu.com/
https://www.nium.com/products/cross-border-payouts
https://www.nium.com/products/multi-currency-accounts
https://www.nium.com/products/physical-and-virtual-cards
https://www.nium.com/products/stablecoin-backed-cards
https://docs.nium.com/docs/payouts/country-and-regional-guides/sgd-payments-to-singapore
https://www.airwallex.com/en-sg/billing/subscription-management
https://hitpayapp.com/sg/recurring-billing
https://www.xendit.co/en-sg/products/subscriptions/
https://developer.2c2p.com/docs/sdk-recurring-payment-plan
https://www.checkout.com/solutions/subscription
https://www.paypal.com/sg/business/accept-payments/checkout/recurring
https://help.shopify.com/en/manual/products/purchase-options/subscriptions
https://docs.nium.com/docs/cards

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Stripe alternatives for Singapore businesses [2027]

Key takeaways

What is Stripe?

What to look for in a Stripe alternative

Top Stripe alternatives for Singapore businesses

1. Airwallex

2. HitPay

3. Adyen

4. Xendit

5. 2C2P

6. Checkout.com

7. Braintree

8. PayPal

9. Shopify Payments

10. Fiuu

11. Nium

Stripe alternatives comparison

The World Account: The multi-currency companion for Singapore businesses

FAQs

1. What are the best Stripe alternatives in Singapore?

2. What is Stripe Payments?

3. Can I use a multi-currency account with Stripe alternatives?

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