8 best subscription billing software in Singapore (2026)

Key takeaways:

• There's no single best subscription billing software. The right choice depends on your pricing model, payment recovery needs, SaaS reporting requirements and how you collect payments from international customers.

• Compare the full cost and capabilities, not just the monthly price. Consider usage-based billing, automated dunning, multi-currency settlement, payment processing fees and any additional integrations or plan upgrades you may need.

• Airwallex Subscription Management combines recurring billing and usage-based pricing with multi-currency accounts and international payments. With Airwallex, you can accept subscription payments in 130+ currencies.

Choosing the best subscription billing software can help you automate recurring payments, recover failed transactions and manage changing pricing models as they grow.

But not every platform offers the same capabilities, and the right choice depends on how you bill customers, track subscription revenue and collect payments internationally.

This guide compares eight subscription billing platforms across automated payment recovery, usage-based billing, SaaS reporting and multi-currency billing and settlement.

It also covers Singapore-specific considerations, including local payment methods, GST and InvoiceNow.

What to look for in subscription billing software

Before comparing subscription billing platforms, consider what your business actually needs. Here are a few areas to look at:

1. Dunning and failed payment recovery

When a recurring payment fails, a billing platform can retry the payment and remind the customer to update their payment details; this is known as dunning.

Without a recovery process, some failed payments can turn into avoidable subscription cancellations.

Look for automated retries that adapt to payment circumstances, reminders by email, tools for customers to update their payment details, and reports showing how much revenue has been recovered.

Stripe says its Smart Retries recover an average of 57% of recurring payments that initially fail. Results will vary by business and payment circumstances.¹ Recurly and Chargebee also offer payment recovery features.

Look for: Intelligent retry scheduling, card-updater support, customisable customer reminders and recovered-revenue reporting.

2. Usage-based and hybrid pricing models

Not every subscription business charges a fixed monthly fee. SaaS companies might charge per user, API call or transaction, or combine a base subscription fee with usage-based charges.

Check how each platform handles usage data and pricing rules. Some models may require additional configuration or integration work, particularly when charges depend on large volumes of usage data.

Look for: Usage metering, tiered and volume-based pricing, mid-cycle changes with proration, and the ability to combine recurring fees with usage-based charges.

Want flexible pricing? Airwallex supports flat-fee, per-unit, tiered and hybrid pricing, so SaaS businesses can combine recurring fees with usage-based charges.

3. SaaS metrics and revenue recognition

Subscription businesses often track monthly recurring revenue (MRR), annual recurring revenue (ARR), churn and customer retention to understand how revenue is changing.

Some billing platforms provide these metrics directly, while others may require a separate analytics tool, such as ChartMogul or Baremetrics.

Revenue recognition is a separate consideration. Under ASC 606 and IFRS 15, businesses must recognise revenue according to the applicable accounting requirements, rather than simply when a customer is billed or pays. Platforms such as Maxio offer revenue recognition capabilities, while businesses using other billing tools may need accounting software or a dedicated solution.

Look for: MRR and ARR reporting, churn and retention analysis, flexible reports, and revenue recognition features or integrations suited to your accounting requirements.

4. Multi-currency recurring billing and settlement

Multi-currency billing lets you charge customers in different currencies, but it doesn't necessarily mean you can keep the money you collect in those currencies.

If you bill customers in USD, EUR and GBP, check whether your payment setup lets you receive and hold those currencies or automatically converts them into your settlement currency. Conversion fees and exchange-rate markups vary by provider, currency and account setup.

For a business collecting US$1 million annually, a 1% conversion cost amounts to US$10,000.

Look for: Customer billing in supported currencies, settlement options, foreign-currency balances where available, and transparent conversion fees.

5. Local requirements for Singapore businesses

If you're billing customers in Singapore, check these practical requirements before choosing a platform:

• GST and InvoiceNow: IRAS is progressively requiring GST-registered businesses to transmit invoice data through InvoiceNow-Ready Solutions. The requirement began with certain new voluntary registrants in November 2025 and expanded to all new voluntary GST registrants from April 2026. Other GST-registered businesses will follow a phased schedule through April 2031.² Check the IRAS InvoiceNow requirements and whether your invoicing setup supports the applicable requirements.

• Local payment methods: If your customers prefer PayNow or GrabPay, check whether the platform supports these methods for your business and subscription use case. Availability varies by provider and setup.

• Payment provider regulation: If a provider handles regulated payment services in Singapore, check the relevant legal entity and whether it is licensed or exempt under the applicable rules. You can search the MAS Financial Institutions Directory rather than assuming every subscription billing platform needs its own MAS licence.

8 best subscription billing software for Singapore businesses in 2026

There's no single best subscription billing platform; the right one depends on your business model, scale, and where your customers are.

Here’s a quick overview:

This information is based on publicly available information accessed on 13 Oct 2026. Information reflects Airwallex's own research and has not been independently verified.

*Paddle lets sellers hold their balance in one selected currency out of five currencies (USD, EUR, GBP, AUD or CAD). You’re not able to maintain separate balances in multiple currencies and spend those funds directly in their original currencies.

1. Airwallex Subscription Management

Airwallex Subscription Management is a strong fit for Singapore-based SaaS businesses selling internationally.

It combines recurring billing with multi-currency accounts and international payments, so you can manage subscription revenue and business funds in one platform rather than treating billing and currency management as separate tasks.

The key advantage lies in the fact that you can settle in multiple currencies. For example, if you collect USD from US customers and pay for USD-denominated software or advertising, you can use that revenue directly instead of converting it to SGD and back to USD. This saves you two rounds of FX fees.

If you do want to convert your foreign-currency revenue back to SGD, Airwallex gives you competitive FX rates that save you up to 80% on FX fees as compared to traditional banks.

Airwallex also supports flat-fee, per-unit, tiered and hybrid pricing, so you can combine recurring fees with usage-based charges.

Features:

• Recurring subscription billing through API-based integration

• Payment acceptance in 130+ currencies, subject to payment method availability

• Like-for-like settlement in supported currencies, subject to eligibility and setup

• Multi-currency accounts to hold and manage foreign-currency revenue

• Access to local payment methods, including PayNow and GrabPay, where supported

• International transfers to pay overseas suppliers and business expenses

• Subscription billing connected to Airwallex's wider payment and financial operations platform

2. Chargebee

Chargebee is a subscription management platform aimed at SaaS and recurring-revenue businesses with evolving billing requirements.

It is particularly suited to companies that need to accommodate different subscription models and manage billing as their products and customer base grow. Businesses with straightforward recurring billing may find its capabilities more than they need.

Features:

• Subscription lifecycle management, including trials, renewals, upgrades and cancellations

• Flexible pricing models, including usage-based and hybrid billing

• Coupons, discounts, add-ons and plan changes

• Smart Dunning to automate retries for failed payments

• RevenueStory analytics for subscription and revenue metrics

• Integrations with CRM, accounting and tax applications

• Multi-currency billing and payment support, subject to configuration and payment setup

Information in this section is based on Chargebee’s official website as of 12 Oct 2026.

3. Stripe Billing

Stripe Billing is a natural option for businesses already using Stripe to accept payments, particularly developer-led teams that want to build subscription workflows around Stripe's payment infrastructure.

Its API-first approach gives teams flexibility to customise billing experiences, making it suitable for SaaS businesses with in-house development resources.

Features:

• Recurring subscription billing and automated renewals

• Usage-based billing and metered subscriptions

• Smart Retries to help recover failed payments

• Subscription trials, discounts and promotional offers

• Customer self-service tools for managing subscriptions

• Support for multiple currencies and payment methods, subject to availability

• Integration with Stripe Payments and other Stripe products, including separate Revenue Recognition functionality

Information in this section is based on Stripe’s official website as of 12 Oct 2026.

4. Recurly

Recurly is a subscription management platform particularly focused on reducing involuntary churn, which happens when subscriptions are lost because payments fail.

This makes it relevant to consumer subscription businesses such as streaming, digital media and other recurring services where payment recovery can affect retention. It can also suit businesses that need to manage subscriptions across multiple payment gateways.

Features:

• Subscription creation, renewals, upgrades and cancellations

• Automated payment retries and dunning workflows

• Revenue recovery tools to help reduce failed-payment churn

• Support for multiple payment gateways

• Flexible subscription plans, add-ons and promotions

• Subscription reporting and analytics

• Multi-currency payment support, subject to gateway and configuration availability

Information in this section is based on Recurly’s official website as of 12 Oct 2026.

5. Zoho Billing

Zoho Billing is a recurring billing solution that fits businesses already using Zoho's business software, particularly Zoho Books and Zoho CRM. Its appeal is the ability to manage subscriptions alongside other business operations within the same ecosystem.

It is worth considering for small and midsize businesses that need standard subscription workflows without adopting a specialist SaaS finance platform.

Features:

• Subscription creation, renewals, upgrades and cancellations

• Recurring invoicing and automated payment collection

• Usage-based billing

• Dunning workflows for failed payments

• Coupons, discounts and subscription add-ons

• Tax calculation and invoicing support, depending on country and configuration

• Integrations with Zoho applications and supported third-party accounting and business tools

Information in this section is based on Zoho’s official website as of 12 Oct 2026.

6. Odoo Subscriptions

Odoo Subscriptions is part of Odoo's wider business management suite, making it a practical option for businesses that want subscription billing connected to their sales, accounting, inventory and CRM operations.

Rather than adopting a separate subscription platform, businesses can manage these processes within the same system.

It is particularly suited to companies already using Odoo or those looking for an integrated business management platform that can be customised to their workflows.

Features:

• Recurring subscription orders and renewals

• Automated recurring invoicing

• Subscription plan changes and upselling workflows

• Customer portal for viewing and managing subscriptions

• Integration with Odoo Sales, Accounting, CRM and other business applications

• Workflow automation and customisation through Odoo's modular architecture

• Self-hosting options, depending on the Odoo edition and deployment setup

Information in this section is based on Odoo’s official website as of 12 Oct 2026.

7. Maxio

Maxio is a billing and financial operations platform built for B2B SaaS companies, particularly those with finance teams that need detailed visibility into recurring revenue.

It brings subscription billing together with SaaS metrics and revenue recognition workflows, making it relevant to businesses managing complex contracts, usage-based pricing and financial reporting requirements.

Features:

• Subscription billing and lifecycle management

• Usage-based pricing, including metered and tiered models

• Revenue recognition workflows designed to support ASC 606 and IFRS 15 requirements

• SaaS metrics and recurring revenue reporting

• Cohort, retention and annual recurring revenue (ARR) analysis

• Billing and finance reporting in one platform

• Integrations with accounting and other business systems

Information in this section is based on Maxio’s official website as of 12 Oct 2026.

8. Paddle

Paddle is a merchant of record (MoR) for software businesses selling digital products internationally.

Rather than having the business manage every customer transaction and sales tax obligation itself, Paddle acts as the seller of record and handles payment processing and applicable tax collection and remittance.

This makes it particularly relevant to SaaS companies selling across multiple countries that want to reduce the administrative burden of international sales.

Features:

• Subscription billing and recurring payment collection

• Merchant of record services for eligible digital products

• Handling of applicable sales tax, VAT and GST collection and remittance

• Subscription plan changes, upgrades and cancellations

• Failed-payment recovery through Paddle Retain

• Subscription analytics through ProfitWell Metrics

• Support for international payments and multiple currencies, subject to availability

Information in this section is based on Paddle’s official website as of 12 Oct 2026.

Why Singapore businesses choose Airwallex for subscription billing

Airwallex lets you collect recurring subscription payments using fixed-fee, usage-based or hybrid pricing models. Here’s what you can do with Airwallex:

Reach customers in 180+ countries

Airwallex supports payment acceptance in 180+ countries, with payments in 130+ currencies. You can settle funds in supported currencies and hold them in your Airwallex Global Account, helping reduce unnecessary currency conversions.

Bill customers based on how they use your product

With Airwallex Usage-Based Billing, you can charge customers based on consumption, using metered usage, tiered pricing or hybrid models that combine recurring and usage-based pricing.

Manage billing and business payments in one platform

Airwallex connects subscription billing with payment acceptance, multi-currency accounts, foreign exchange, international transfers and corporate cards. You can collect recurring revenue, hold or convert supported currencies, pay overseas suppliers and manage team spending within the same platform.

Frequently asked questions (FAQs)

What is subscription billing software?

Subscription billing software automates recurring invoices, payments and customer subscription lifecycles. It handles plan changes, trial periods, prorations, taxes, failed payment retries, revenue reporting, and other tasks that would otherwise need to be managed manually or built in-house. For SaaS, membership and other recurring-revenue businesses, it's a core part of the finance stack.

How is subscription billing different from recurring billing?

Recurring billing is the narrow function of charging a customer on a repeating schedule. Subscription billing is broader and includes recurring billing, plus plan management, prorations, upgrades and downgrades, dunning, tax handling and revenue recognition. Most modern platforms cover both, but the term "subscription billing" signals the wider scope.

How much does subscription billing software cost?

Pricing models vary widely. Airwallex Subscription Management keeps it simple: you pay 0.50% per successful card transaction on top of standard card processing fees. Zoho Billing uses plan-based pricing, while Odoo charges per user. Stripe Billing offers usage-based and monthly pricing options, while Chargebee's fees depend on billing volume and plan.

Is subscription billing software PCI compliant?

Most established subscription billing platforms are PCI DSS Level 1 compliant, which is the highest tier of card data security certification. They handle and store card details on your behalf so your own systems don't need to be PCI certified. Always confirm the provider's current compliance status on their security or trust page before signing on.

How long does it take to implement subscription billing software?

Implementation time depends on your billing setup and migration needs. A straightforward setup with a tool like Zoho Billing or Stripe Billing may take days to a few weeks, while a more complex Chargebee or Maxio implementation can take several weeks or longer. Custom pricing rules, third-party integrations and historical data migration can extend the timeline, especially when moving from an in-house billing system.

Can subscription billing software integrate with Xero or QuickBooks?

Yes. Most leading platforms, including Airwallex, Chargebee, Stripe Billing, Recurly, Zoho Billing, Maxio, and Paddle, offer native integrations with Xero and QuickBooks Online. These integrations sync invoices, payments, refunds and credit notes into your accounting ledger, which saves manual reconciliation work each month.

Sources:

1.  https://stripe.com/en-sg/billing

2.  https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/gst-invoicenow-requirement

3.  https://www.chargebee.com/

4.  https://recurly.com/

5.  https://www.airwallex.com/sg/pricing