11 Adyen alternatives in Singapore (2026): Compare fees & features

Key Takeaways:

• Adyen is built for enterprise — its pricing model, minimum billing requirements, and complex setup make it less suited to most small and mid-sized businesses

• The right alternative depends on your business size, transaction volume, and whether you need Singapore-local payment methods like PayNow and GrabPay

• Airwallex gives you a full financial platform — payment gateway, multi-currency accounts, Corporate Cards, and international transfers — all in one place, with no monthly fees and transparent pricing

If you're looking for Adyen alternatives, you're likely after something more accessible, more affordable, or better suited to how your business actually operates.

This guide compares 11 options across fees, Singapore payment method support, and global coverage — so you can find the right fit without the guesswork.

What is Adyen?

Adyen is a Dutch payment technology company founded in 2006.¹ It offers an omnichannel payments platform that handles online, in-app, and in-person transactions — all through a single integration.

Beyond payment processing, Adyen also provides risk management, data analytics, and embedded financial products. It's used by large enterprise brands like Uber, Spotify, and eBay.

How Adyen prices its services

Adyen doesn't charge setup or monthly fees. Instead, it charges per transaction: a fixed processing fee of $0.13 USD plus a variable fee determined by the payment method used. For card payments, it uses an Interchange++ model — meaning you pay the actual interchange rate set by the card network, plus Adyen's markup of 0.60%.²

This model can be cost-effective at high transaction volumes, but it makes costs harder to predict for businesses processing lower volumes. Adyen also has a minimum monthly invoice requirement: the amount varies by business, but it means low-volume merchants may pay more than expected.²

Who Adyen is best suited for

Adyen works well for large, multi-channel businesses that need a unified platform across online and in-store payments. For most small and mid-sized businesses in Singapore, the onboarding complexity, minimum billing, and enterprise-first pricing model make it a harder fit. That's where the alternatives below come in.

The top 11 alternatives to Adyen

Here's how the main alternatives compare at a glance. Pricing shown is for Singapore-based businesses where available — providers without publicly listed rates use custom pricing based on volume and business type.

The information in this table has been reviewed to be accurate as of 24 March 2026.

1. Airwallex

Airwallex is a global financial platform that combines a payment gateway with multi-currency accounts, international transfers, and corporate cards — all in one place.

The payment gateway supports 160+ local payment methods across 180+ countries,³ including PayNow and GrabPay in Singapore. Domestic card transactions are charged at 3.3% + S$0.50, and international card transactions at 3.6% + S$0.50.⁴ There are no setup or monthly fees.⁴ Unlike most gateways, Airwallex lets you hold funds in 20+ foreign currencies without triggering a conversion.⁴

Beyond payments, Global Accounts let you receive funds like a local business in 70+ countries,⁵ and Transfers cover international payments to 120+ countries with 93% arriving the same day.⁶

The information in this table has been reviewed to be accurate as of 24 March 2026.

2. Stripe

Stripe is one of the most widely used payment platforms globally, known for its developer-friendly APIs and broad payment method support. It's a strong fit for tech-savvy businesses, SaaS companies, and those with subscription or recurring billing needs.

The platform supports 100+ payment methods,⁸ including PayNow (1.3% per transaction) and GrabPay (3.3%).⁸ Domestic card transactions cost 3.4% + S$0.50. International cards attract an additional 0.5%, and if currency conversion is involved, a further 2% applies — making the effective rate up to 5.9% + S$0.50 for cross-border transactions with FX.⁸ There are no setup or monthly fees.⁸

Stripe's built-in fraud detection (Radar), no-code Payment Links, and in-person payments via Stripe Terminal make it versatile across business types. It also offers recurring billing and invoicing tools.

The information in this table has been reviewed to be accurate as of 24 March 2026.

3. PayPal

PayPal has been operating since 1998 and is one of the most recognised payment platforms in the world, covering 200+ markets.¹⁰ For businesses that sell internationally, its brand recognition can improve checkout conversion, particularly among customers who prefer not to enter card details on an unfamiliar site.

PayPal supports major credit and debit cards and the PayPal wallet. Domestic card transactions in Singapore are charged at 3.9% + S$0.50, and international transactions at 4.4% + S$0.50.¹¹ There are no setup or monthly fees. Support for local SG payment methods like PayNow is limited.

PayPal works well for businesses already selling on social media or global marketplaces. For high-volume merchants with frequent international transactions, the fee structure is on the higher end compared to most alternatives.

The information in this table has been reviewed to be accurate as of 24 March 2026.

4. Shopify Payments

Shopify Payments is the built-in payment solution for Shopify merchants. Activating it removes the need for a third-party gateway and eliminates the additional transaction fee Shopify charges when you use an external provider.¹²

Card rates start at 3.2% + S$0.50 online on the Basic plan, with lower rates on higher-tier plans.¹³ PayNow is supported. All payments are converted to SGD — there is no like-for-like settlement, and currency conversion fees apply on non-SGD transactions.¹³

Shopify Payments is only available to Shopify merchants. If you operate outside Shopify's ecosystem, it isn't an option. It also covers fewer local payment methods compared to dedicated payment gateways.

The information in this table has been reviewed to be accurate as of 24 March 2026.

5. Payoneer

Payoneer is a cross-border payment platform best known for helping marketplace sellers, freelancers, and B2B businesses receive international payments. Its Checkout product allows online merchants to accept card payments directly on their websites.¹⁴

Payoneer Checkout currently supports Visa and Mastercard.¹⁵ Funds received in EUR or USD carry no conversion fees — other currencies are converted at a 1.5% markup.¹⁵ Checkout pricing is not publicly listed and is agreed with a sales representative. Integration options include plugins for WooCommerce and Magento, as well as a hosted payment page.¹⁵

Payoneer works best for businesses already receiving payouts from platforms like Amazon, Upwork, or Fiverr, and want to consolidate those alongside their own checkout. For businesses that need broad local payment method support in Singapore, it falls short.

The information in this table has been reviewed to be accurate as of 24 March 2026.

6. Checkout.com

Checkout.com is a global payment platform built for high-growth businesses and enterprises. It offers unified payment acceptance across online and in-person channels, with a strong emphasis on payment optimisation, fraud prevention, and data insights.

The platform supports a wide range of global payment methods, including PayNow (currently in Beta for Singapore).¹⁶ Other supported methods include Alipay, WeChat Pay, GrabPay, and all major card networks.¹⁶ Pricing is custom and negotiated based on business volume. Setup requires developer resources, and onboarding involves a sales process.

Checkout.com is most suited to businesses processing significant volume that want advanced optimisation tools, rather than a simple plug-and-play setup.

The information in this table has been reviewed to be accurate as of 24 March 2026.

7. 2C2P

2C2P is a Southeast Asia-based payments platform serving businesses across the region. It covers all major payment types: cards, digital wallets, bank transfers, and over-the-counter cash payments at 600,000+ locations across Asia.¹⁷

The platform is particularly strong in markets with lower card penetration, where customers prefer e-wallets or cash alternatives. In Singapore, it supports PayNow and GrabPay.¹⁷ Pricing is custom and based on business volume and geography.

2C2P is a good fit for businesses operating across multiple Southeast Asian markets (including Thailand, Indonesia, the Philippines) and need one platform that handles the varied payment preferences of customers across the region.

The information in this table has been reviewed to be accurate as of 24 March 2026.

8. Worldpay

Worldpay is one of the largest payment processors in the world, processing $2.3 trillion annually for businesses across 175+ countries.¹⁸ It offers omnichannel payment acceptance covering online, in-store, and mobile channels, with a focus on large enterprises and high-volume merchants.

Worldpay supports a wide range of local payment methods and currencies globally. Pricing is custom and negotiated per merchant. The platform includes smart payment routing, fraud prevention, and dispute management tools built for enterprise scale.

For most small and mid-sized businesses in Singapore, Worldpay's enterprise pricing and setup complexity make it a harder fit. It's most relevant for large regional or global businesses that need a proven, high-volume processor.

The information in this table has been reviewed to be accurate as of 24 March 2026.

9. Braintree

Braintree is a payment platform owned by PayPal, designed for enterprise digital commerce. It supports PayPal payments, major credit and debit cards, Apple Pay, and Google Pay.¹⁹ It processed $1.53 trillion in total payment volume in 2023 and handles 25 billion transactions annually across 200+ markets.¹⁹

Braintree is PCI DSS Level 1 compliant,¹⁹ and its Drop-in UI makes integration more straightforward than many enterprise-grade platforms. It supports recurring billing and subscriptions. Pricing for Singapore merchants is discussed with a sales representative.

Braintree works best for businesses that want PayPal's financial infrastructure with more developer flexibility and control than PayPal's standard checkout. For merchants that need deep Singapore-local payment method support, it has limitations.

The information in this table has been reviewed to be accurate as of 24 March 2026.

10. HitPay

HitPay is a Singapore-native payment platform built specifically for local SMEs. Regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution,²¹ it covers online payments, in-person POS, and invoicing from a single dashboard, with no monthly fees.²⁰

HitPay's local payment method support is one of its strongest points. It natively accepts PayNow (0.65% + S$0.30 for transactions above S$100, or 0.9% below S$100), GrabPay (3%), NETS, Atome, and ShopeePay.²⁰ Domestic card fees are 2.8% + S$0.50 online, and international card fees are 3.65% + S$0.50.²⁰ There are no setup or monthly fees.²⁰

The built-in POS and invoicing tools make HitPay particularly useful for businesses that sell both online and in person without needing separate systems.

The information in this table has been reviewed to be accurate as of 24 March 2026.

11. Razorpay

Razorpay is a Southeast Asia-focused payment gateway with a presence in Singapore, offering developer-friendly APIs, fast onboarding, and support for local payment methods including PayNow and SGQR. It's aimed at online businesses and digital-first companies that want quick setup without enterprise-level contracting.

The platform supports major credit and debit cards, PayNow, and digital wallets. It offers real-time analytics, PCI DSS Level 1 compliance, and plugins for WooCommerce, Magento, and other major eCommerce platforms. Pricing for Singapore merchants is available directly from Razorpay.

The information in this table has been reviewed to be accurate as of 24 March 2026.

How to choose an Adyen alternative

With 11 options on the table, the right choice comes down to a few key factors. Here's what to weigh before you decide.

Payment fees and pricing transparency

Look beyond the headline rate. Some providers use flat-rate pricing that's easy to forecast; others use models like Interchange++ where the final cost depends on card type, issuing country, and transaction volume. If you process a mix of domestic and international cards, calculate your likely blended rate — not just the best-case scenario.

Local payment method support

In Singapore, customers expect to pay via PayNow, GrabPay, and major card networks. If your checkout doesn't support what your customers prefer, you'll lose sales. Check whether the provider natively supports these methods or requires additional integrations.

Global coverage

If you sell to customers outside Singapore, you need a gateway that can accept payments in the countries and currencies you operate in. Check both the number of countries supported and whether local payment methods in those markets are available.

Like-for-like settlement

If you receive payments in foreign currencies — USD, EUR, GBP — automatic conversion to SGD eats into your margins. Look for providers that let you hold and settle in multiple currencies, so you can convert on your own terms.

Setup complexity and technical requirements

Some platforms are plug-and-play; others require dedicated developer resources to integrate. Be honest about your team's technical capacity. A powerful platform you can't implement properly is less useful than a simpler one that goes live quickly.

Business size and scalability

Some providers are designed for enterprise and have minimum volume requirements or complex onboarding. Others are built for SMEs and prioritise simplicity. Match the platform to where your business is now, and where it's heading.

Customer support

Local support matters. If something goes wrong with a payment, you want to reach a team that understands the Singapore market and your regulatory environment. Check whether the provider has local support, and what their response times look like.

Why businesses choose Airwallex over Adyen

Adyen is built for enterprises processing millions of transactions across complex, multi-channel operations. For most businesses in Singapore, that's more than you need — and the pricing, setup complexity, and minimum billing requirements reflect that.

Airwallex takes a different approach. It's designed for businesses of all sizes that need to operate globally without the overhead of an enterprise platform.

Here's how the two compare directly:

The information in this table has been reviewed to be accurate as of 24 March 2026.

Looking at the table, the coverage gap on local payment methods is striking. Adyen doesn't publicly disclose how many local payment methods it supports per market, making it hard to plan your checkout experience in advance.

Airwallex, by contrast, supports 160+ payment methods across 180+ countries,³ including PayNow and GrabPay natively in Singapore. For eCommerce businesses, that makes a huge impact on conversion rates, because customers who can't pay their preferred way often end up abandoning their cart.

The other thing worth noting is that Adyen’s core strength lies in payment processing, so businesses with more complex treasury, FX, or multi-currency needs may still rely on a separate platform to manage their funds.

In contrast, Airwallex handles all of that in one place: hold funds in 20+ currencies without auto-converting,⁴ pay suppliers in 120+ countries without SWIFT fees,⁶ and issue Corporate Cards to your team instantly.⁷ For businesses with international operations, that means fewer platforms, fewer fees, and less time spent reconciling across systems.

Frequently asked questions (FAQs)

Is Adyen available in Singapore?

Yes. Adyen operates in Singapore and supports local payment methods including PayNow and GrabPay. However, it's primarily designed for enterprise-level businesses and has a minimum monthly invoice requirement, which makes it less suitable for most small and mid-sized businesses.

What is the cheapest Adyen alternative in Singapore?

It depends on your payment mix. HitPay offers some of the lowest fees for Singapore-local payment methods — PayNow transactions cost as little as 0.65% + S$0.30 for amounts above S$100.²⁰ For card payments, Shopify Payments starts from 3.2% + S$0.50 on the Basic plan,¹³ but is only available to Shopify merchants. Airwallex charges 3.3% + S$0.50 for domestic cards with no monthly fees.⁴

Which Adyen alternative is best for small businesses in Singapore?

HitPay and Airwallex are both strong options. HitPay is built specifically for Singapore SMEs, with no monthly fees, built-in POS, and deep local payment method support.²⁰ Airwallex suits businesses that also need multi-currency accounts, international transfers, and corporate cards alongside payment acceptance.⁴

Which payment gateways support PayNow in Singapore?

Airwallex, Stripe, HitPay, Razorpay, Shopify Payments, and Checkout.com (Beta) all support PayNow. HitPay charges 0.65% + S$0.30 for PayNow transactions above S$100,²⁰ while Stripe charges 1.3% per PayNow transaction.⁸

Do any Adyen alternatives offer like-for-like settlement?

Yes. Airwallex lets you hold and settle in 20+ foreign currencies without auto-converting to SGD.⁴ Stripe offers USD payouts for an additional 1% fee.⁸ Most other providers convert all payments to SGD automatically.

Is Adyen good for eCommerce businesses in Singapore?

Adyen can work for large eCommerce businesses with high transaction volumes. For smaller or growing eCommerce businesses, options like Airwallex, Stripe, or HitPay offer more accessible pricing, simpler setup, and better support for Singapore-local payment methods.

Can I use multiple payment gateways at the same time?

Yes. Many businesses use more than one payment gateway — for example, a primary gateway for card payments and a secondary one for local methods like PayNow. That said, using an all-in-one platform like Airwallex reduces the need to manage multiple providers.

Sources:

1.  https://www.adyen.com

2.  https://www.adyen.com/pricing

3.  https://www.airwallex.com/sg/payments

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

5.  https://www.airwallex.com/sg/business-account/global-accounts

6.  https://www.airwallex.com/sg/business-account/transfers

7.  https://www.airwallex.com/sg/spend-management/cards

8.  https://stripe.com/en-sg/pricing

9.  https://www.paypal.com/sg/webapps/mpp/overview

10.  https://www.paypal.com/sg/business/paypal-business-fees ⚠️ Verify live before publication

11.  https://www.shopify.com/sg/payments

12.  https://www.shopify.com/sg/pricing

13.  https://www.payoneer.com/checkout/

14.  https://payoneer.custhelp.com/app/answers/detail/a_id/40689

15.  https://www.checkout.com/docs/payments/payment-methods

16.  https://www.2c2p.com/

17.  https://www.worldpay.com/en

18.  https://www.braintreepayments.com/sg

19.  https://hitpayapp.com/sg/pricing

20.  https://hitpayapp.com/sg/

21.  https://docs.adyen.com/account/supported-currencies/

This publication does not constitute legal, tax, or professional advice from Airwallex, nor does it substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.