Payment Gateways in Singapore Supporting Both APMs and Local Payment Method

Singapore is building one of the most advanced digital payment markets in the world. To meet consumers’ expectations of fast, frictionless, and flexible payment experiences, Singapore’s systems navigate through digital wallets, cards, alternative payment methods (APMs), PayNow, NETS, and emerging methods.

In these progressive experiments, there are visible gaps. For merchants, the challenges are upfront and clear - How can they support all major local payment methods and APMs in Singapore without messing with multiple providers, integrations and reconciliation systems?

The answer lies in unified payment gateways which can smoothly accommodate these gaps and provide for the present day requirements. Through this article, we’ll explore how TransFi enables merchants to accept local payment methods that Singapore trusts and how it helps scale checkout infrastructure catering to the gaps in the payment systems. Let’s find out more!

The Status of Payment Preferences in Singapore

Singapore is not a card-only market. It is a multi-method, mobile-first, wallet-driven economy. Singaporeans are surrounded by various methods which cater to their day-to-day needs like:

PayNow for instant bank transfers.
NETS for debit based payments.
GrabPay and other wallets for daily commerce.
APMs for online and cross border transactions.

This means that merchants supporting only one or two methods often face:

Checkout abandonment
Lost conversions
Poor customer experience

This is why payment gateways in Singapore are now supporting APMs and local payments. It has now become rather essential.

Why Traditional Gateways Fall Behind in Singapore

Many legacy payment providers focus on cards first and treat local methods as add-ons which reflect issues such as:

Fragmented integrations for PayNow, NETS, and wallets.

Separate dashboards for different payment rails.

Complex reconciliation and settlement flows.

Limited support for alternative payment methods.

Poor scalability for omnichannel commerce.

Merchants today need one unified checkout and not five different and disconnected systems.

Exploring TransFi: The Unified Payment Gateway Built for Singapore

TransFi is a modern, global payment infrastructure that enables Singapore merchants to accommodate:

Local payment methods Singapore customers prefer.

Alternative payment methods (APMs)

Digital wallets

Multi currency and cross border payments.

While these are different branches of a single payment system, TransFi makes the interflow smooth and user friendly for both merchants and users operating across online, mobile and multichannel environments.

Local Payment Methods Supported Through TransFi

PayNow payment gateway support

PayNow is one of the most widely used real-time payment methods in Singapore. Using TransFi, merchants can now enable payments within a unified checkout. Transactions are instant and frictionless and customers can pay directly from their bank accounts. This payment system is ideal for both B2B and B2C payments.

NETS payment gateway compatibility

NETS remains critical for debit linked and domestic payments. Through TransFi’s unified architecture, NETS can be supported alongside wallets and APMs which means settlements and reporting become centralised.

GrabPay and wallet based payments

Singapore’s wallet ecosystem is deeply embedded in daily life. With TransFi wallet based checkout flows can be enhanced with faster-mobile conversions, support for wallet first users and a smoother customer journey.

Why Alternative Payment methods matter in Singapore

APMs are becoming the mainstream mediums in how people transact in Singapore. APMs are important because:

Tourists and international customers rely on them.

Younger demographics prefer a bundle of non-card options.

Cross border buyers avoid traditional bank rails.

Subscription and digital services benefit from high flexibility.

With TransFi, merchants can ensure an evolving practice by:

Accepting alternative payment methods which Singapore customers expect.

Reduce card dependency.

Improve global acceptance and payment rates.

Offer regionally optimised checkout experiences.

These aspects position TransFi at the forefront of accessibility and customised experiences for individuals, merchants and cross border use cases.

How to get started with TransFi in Singapore

To setup TransFi ecosystem in a few quick steps, follow the mentioned steps:

Sign Up

Create an account instantly to start accepting crypto, APMs and fiat payments.

Complete merchant onboarding

Unlock full capabilities with secure KYC/KYB verification of the business.

Time to Integrate TransFi checkout

Choose from API integrations, hosted checkout, and no-code payment links. These integration options are easy to use and get started with basic technical knowledge.

Accept payments

Start accepting PayNow, NETS, GrabPay, APMs and Multi-currency payments.

Manage and settle payments

Access unified reporting, settlement, and reconciliation from one dashboard.

With these simple steps, you’re all ready to get started with localised-global payments with the help of TransFi. Follow these steps and feel free to jump back in if stuck or confused, our support team is available at your pace.

The Right Payment Gateway for Singapore Merchants

Singapore’s rapidly growing economy needs a payment infrastructure which is not only global first, secure, compliant and flexible but also the one which Singapore customers trust. TransFi delivers all this through a strong APM payment solution, localized checkouts omnichannel approach to fit rightly into all kinds of business systems.

It empowers Singaporean businesses to grow without borders while being rooted in local mediums, welcoming customers from across the world and hosting future ready services.

What’s the wait about? Come join in with a number of Singaporean businesses moving towards the payments solutions of tomorrow!

Also read: Why Indonesian online sellers are adopting TransFi Checkout for global buyers

Frequently asked questions (FAQs)

Does TransFi support PayNow payments?

TransFi is a leading unified payment gateway in Singapore supporting PayNow, NETS, wallets and APMs.

What are APMs in Singapore?

Alternate payment methods(APMs) in Singapore are wallets, bank transfers and non-card digital payment options.

Can international customers use APMs through TransFi?

Yes, TransFi enables cross border APM acceptance through its unified services.

How can merchants integrate TransFi?

Merchants can choose from API integrations, hosted checkout, and no-code payment links. These integration options are easy to use and get started with basic technical knowledge.

How is TransFi a good option for Singapore ecommerce businesses?

It’s a great solution as it significantly reduces checkout friction and improves conversions.

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Effortless Cross-Border Payment Collections

As the world becomes more interconnected and businesses engage in global trade, the seamless collection of payments from across the globe is increasingly important. Whether you're an eCommerce merchant, a freelancer, or a global enterprise, TransFi’s Collections make collecting payments from customers and partners worldwide not only easy but also secure and efficient. TransFi eliminates unnecessary delays and currency exchange complexities, ensuring your funds are always readily accessible. Our Collections product provides a fully compliant, scalable payment infrastructure with support for over 50 currencies, offering instant settlements in stablecoins or other fiat and digital currencies.

By using TransFi’s Collections, businesses can provide their customers with easy-to-use and familiar local payment options. Our Collections product not only automates business payments but also streamlines global transactions, ensuring the utmost efficiency and reliability for businesses worldwide.

Global Payment Collection, Simplified

Due to differences in regulations, methods of payment, and currency exchange rates, international payments can be difficult to manage. TransFi Collections overcomes these barriers by providing a single platform for companies that allows for multiple methods of payment, such as bank transfers, e-wallets, and stablecoin settlements. This enhances operational efficiency and reduces manual work by allowing businesses to track, manage and reconcile payments through a single dashboard.

TransFi allows businesses to automatically generate and manage invoices, attach supporting documents, and issue reminders to customers to foster effective collections. This proactive approach reduces payment disputes and delays, all while improving cashflow and financial management.

Seamless Payment Collection Experience for Businesses and Customers

TransFi Collections is designed to give businesses an efficient and smooth payment solution with the assurance of a secure and frictionless customer experience. Through our platform, businesses can accept payments in local currencies and convert automatically to stablecoins or fiat, making the hassles of currency exchange a thing of the past. With rapid and trusted settlement, businesses do not have to wait for slow international banking processing times anymore, gaining quicker access to funds. Our APIs can also be incorporated directly within the platforms of businesses, minimizing manual intervention and facilitating payment processing. TransFi Collections also provides real-time insight into transactions using different analytics and reporting tools, empowering businesses with key insights. No matter your requirement, be it managing recurring payments, processing single invoices, or dealing with bulk collections, our solution automates payment workflows to reduce administrative efforts and maximize efficiency. By simplifying the payment processes for both companies and their clients, TransFi Collections optimizes financial operations so that firms can concentrate on development and customer satisfaction without worrying about delays in settlement or complicated integrations.

Benefits of Partnering with TransFi for Cross- Border Payment Collections

Collaborating with TransFi for cross-border payment collections guarantees an efficient and seamless process for companies across the world. With borderless payment collection, companies can receive payments anywhere in the world without having to go through different banking networks or paying high conversion charges. TransFi Collections allows companies to collect money from foreign customers through local payment channels, thus providing greater reach and conversion rates. Real-time settlements remove the delays of traditional banking and allow payments to be made in stablecoins or fiat instantly, providing continuous cash flow. Automated invoice processing streamlines payment processes, saving manual labor and boosting efficiency by creating invoices, adding required documents, and sending timely reminders. Scalable API integration enables businesses to seamlessly integrate TransFi Collections into their current platforms, making global payment collection scalable and efficient. Advanced security and compliance provide the assurance that all transactions are encrypted, secure, and regulated to the highest standards. TransFi Collections is not merely a payment gateway but a full suite of solutions empowering businesses with scalable, compliant, and efficient payment collection services. Whether you collect payments from suppliers, freelancers, or international customers, our platform provides timely, cost-saving, and secure transactions. Step into a digital future of payments with TransFi and feel the force of borderless, seamless collections.

Empower Your Business with TransFi Payment Collections

TransFi Collections is not only a payment gateway but a complete solution that empowers businesses operating across borders with secure, cost-effective, compliant, as well as scalable payment collection tools. From payment collections for goods and services to e-commerce transactions, TransFi Collections provides effortless, secure, and instantaneous settlements.

With TransFi, businesses can experience the future of digital payments and the power of borderless and hassle-free collections. Our user-friendly dashboard facilitates seamless transactions and allows businesses to collect payments against goods and services, experiencing transaction speeds in seconds. Freelancers and influencers can also benefit from real-time transactions, enhancing the efficiency of their global payment collections. Using our secure and scalable stack, e-commerce businesses can achieve 90%+ conversion rates, 99%+ uptime, and low latency, ensuring enterprise-level performance.

Integrate TransFi Collections with your business and experience secure, seamless, and scalable payments that are not only efficient and reliable but also globally compliant.