Meet 42 Mobile Payment Players Active in Singapore Right Now

Meet 42 Mobile Payment Players Active in Singapore Right Now

by December 10, 2018
  • 39
  • 18
  •  
  •  
  • 4
  •  
  •  
  •  
  •  
  •  
  •  
    61
    Shares

As one of the most highly banked populations in Southeast Asia (Standing at 96.4% of banked adults at 2014), Singapore presents a unique ecosystem in the same region.

This is part of why Singapore is popularly deemed as one of the fintech hubs of Asia.

But it also means that Singaporean mobile payments platforms extend beyond just e-wallets that is gaining popularity among its neighbouring regions. For one thing, it’s been said that Singaporeans are slow to adopt similar advancements that have taken other regions by storm, simply because of force of habit.

On the other hand, there is a wider variety of fintech offerings available to the Singaporean public, even just under the  umbrella of ‘Mobile Payments’ including converting regular debit payments to one’s credit card to reap rewards, to neo-banks.

Aimazing

aimazing mobile payments singapore 2

Besides just a payments platform, Aimazing is primarily known for its ability to capture real-time receipt data and even store physical receipts. The platform also has a loyalty programme.

AsiaPay

asiapay singapore mobile payments

Founded in 2000, AsiaPay provides payment processing solutions to banks and e-businesses covering international credit card, debit card, bank account/net banking, wallet, over-the-counters, and other prepaid card payments. AsiaPay’s services include multi-currency, multi-lingual, multi-card, and multi-channeled payment solutions.

SamsungPay

samsungpay mobile payments

Samsung Pay is a mobile payment and e-wallet service by Samsung Electronics that lets users make payments using compatible phones and other Samsung-produced devices.

ApplePay

applepay mobile payments 2

Designed to suit apple products like the Apple Watch or iPhones, ApplePay is a mobile payment solution that is able to pay for products in real life, and via online purchases by linking one’s debit or credit card. It can draw from existing cards, and store value.

GooglePay

gpay mobile payments

Stylised G Pay, this digital wallet platform and online payment system was developed by Google for in-app and tap-to-purchase transactions on mobile devices, and compatible with Android phones, tablets or watches.

Singtel Dash

 16-digit Dash Visa Virtual Account when you check-out online or tap & pay wherever Visa paywave* is accepted.

Singtel Dash is an all-in-one mobile payments solution for commuting on trains, buses or taxis, or can be used for shopping or remittance. Singtel Dash is also linked with the  16-digit Dash Visa Virtual Account for Visa paywave transactions.

DBS Paylah!

dbs paylah mobile wallet

DBS PayLah! is a personal mobile wallet which allows users to perform fund transfers via a mobile number. Users can also send eAng Baos, request for funds from others, request for payment links, pay bills, donate money to charitable organisations and others.

WeChat Pay

wechat pay mobile payments

An extension of the WeChat chat platform, WeChat Pay is considered one of the e-wallet giants of Singapore and expanding into other Asian countries. The e-wallet is able to store value, and be used to pay for retail transactions. Starting November 1, the wallet is usable at Cold Storage, Giant, 7-Eleven and Guardian stores islandwide.

NETSPay

netspay mobile payments

NETSPay is a mobile app that allows Singaporeans to make digital payments via DBS, POSB, OCBC and UOB NETS Bank Cards. It digitises one’s cards so that users can pay with their mobile phones.

MilesLife

mileslife mobile payments

Mileslife is a mobile payment and digital loyalty platform that creates a more convenient ecosystem to connect airlines, merchants, banks and consumers.

OCBC Pay Anyone

ocbc pay anyone mobile payments

OCBC Pay Anyone lets you pay most people, including those on PayNowusing their mobile number, Facebook or email address. You can also request payments using a generated QR code.

MI Mobile Wallet

mi mobile wallet

Designed for Mi phones, MI Mobile Wallet allows for direct credit/debit bank payments via app provided by MOLPay, or through PayPal at retail outlets or online.

YouTrip

youtrip mobile wallet

YouTrip is a multi-currency travel wallet and in-app money changer, and provides a physical card tied with MasterCard. It aims to provide card payments with rates comparable to money changers.

Alipay

alipay mobile wallets

Rebranded from Lazada’s helloPay in Singapore, Alipay is the other e-wallet giant from China on its expansion bid. It allows merchants to add an Alipay option on their website, and provides a wallet for users to pay for goods and services.

Bucket

bucket mobile payments 2

In a bid to reduce the circulation of coins in Singapore, Bucket wants Singaporeans to ‘bucket’ their change in a virtual wallet insteaed, with option to cashout or use it as savings.

BillPay

billpay mobile payments 2

Still to be launched, BillPay will be a free unified billing and payment service that will bring different bills into one platform for the sake of convenience, and to be environmentally friendly.

Card.io

bucket mobile payments 2

Card.io mobile payment app lets iOS, Android users scan a credit card for payments using one’s mobile phone.

CardUp

cardup mobile payments

CardUp is an online card payments platform for cash management which enables any payment made by bank transfer today to be shifted to a credit card, regardless of whether the recipients accept credit cards.

fastacash

fastapay mobile payments 2

Fastacash offers a payments platform that enables users to transfer value (money, airtime, other tokens of value, etc.) along with digital content (photos, videos, audio, messages, etc.) via social networks and messaging platforms.

FlexM

flexm mobile payments

FlexM is a financial service provider offering electronic payment solutions in Southeast Asia. For Singaporeans, Flexpay by Matchmove can also provide banking via their mobile phones. FlexM also offers a pre-paid Mastercard and B2B payment solutions that help businesses to make bulk payments and avoid heavy bank charges.

FomoPay

fomo pay mobile payments 2

FomoPay is an alternative payment platform enables merchants & enterprise to accept a full suite of digital payments including mVISA, NETS Pay, WeChat Pay etc. The company is also part of the Monetary Authority of Singapore’s SGQR taskforce to jointly develop common QRCode standard.

GrabPay

grabpay mobile payments 2

GrabPay was launched to accompany its ride-hailing component, but now the company is attempting to grow GrabPay as an e-wallet in its own right. Grab will be offering international wallet-to-wallet remittance soon, and for now its platform  offers loyalty points via GrabRewards.

HitPay

hitpay mobile payments 2

Hitpay integrates with social media platforms to allow users to hit a button and buy directly from the page. Integrates with Facebook, Instagra, Pinterest, WhatsApp, WeChat and Facebook Messenger.

IOTags

iotags mobile payments 2
IOTAGS provides NFC solutions to SMEs across payments, ticketing, loyalty, access control, and asset management industries. It also develops smartphone and web-based applications leveraging NFC technology.

Kashmi

kashmi mobile payments 2

Kashmi is a neo-banking product designed for spending, saving, lending, investing and budgeting.  Kashmi users can utilise the platform as their primary bank account; where users are able to manage their finances, send/receive money to friends or service providers, save, invest (stocks etc), take loans.

Nearex

nearex mobile payments 2

Nearex develops a mobile micropayment solution for small merchants and consumers in Singapore via Xip, a micropayment system that integrates with existing mobile wallets, electronic banking accounts, and telecom networks.

Numoni

numoni mobile payments 2

Numoni created and developed the cash-transaction terminal – NUGEN – in a bid to empower the underbanked community with e-transactions. This self-service NUGEN terminal enables micro remittances, micro payments and micro loans.

In January 2012, Numoni was formed in Singapore to bring financial inclusion to the underba

Oojibo

oojibo mobile payments

Oojibo is a fintech company focused on building and delivering end-to-end solutions from technology to offline agency network, Oojibo claims to have built a business model to enable Financial Inclusion.

SmoovPay

smoovpay mobile payments

SmoovPay is a web and mobile card payment service provider for merchants, offering a variety of functions and aims to help accept payments via channels like desktop, mobile and tablet.

MatchMove

matchmove mobile payments 2

MatchMove’s proprietary Banking Wallet OSTM enables ‘Banking As A Service’ for spending, sending money and lending within any app. The purpose is for B2B businesses and their customers to spend both online and offline via instantly issued prepaid cards on major card networks. Its send capabilities include P2P domestic transfers, cross-border remittances, P2M and mass disbursements to global recipients.

UbiqPay

ubiqpay mobile payments 2

Ubiqpay is an electronic payment company that allows consumers to pay for purchases, bills and transfer money to other users. The service also allows their customers to deals with their merchant partners while collecting reward points for their purchases.

LiquidPay

liquidpay mobile payments 2

LiquidPay is a QR code-enabled mobile payment app that combines payments with rewards and discounts during payments. Some of its offers include discounts and flash deals at hawker stalls and merchants, and will apply them automatically when paying on Android.

Revolut

revolut mobile payments

Soon to launch in Singapore,  is a neo-bank that allows users to use an app to spend overseas in over 150 countries without fees or holds, and allows users to exchange 24 different currencies in-app. Revolut is also a remittance service that allows domestic and international money transferes with the real exchange rate, and even issues a physical card.

FavPay

favepay mobile payments 2

FavePay allows users to pay their bills, usually at eateries though it is also accepted in other retail stores, with their mobile phones. FavePay draws users through cashback.

UOB Mighty

uob mighty mobile payments 2

UOB Mighty digitises debit and credit cards and puts it on the app. It is accepted at over 50,000 Visa payWave Mastercard contactless and NETS contactless terminals across Singapore.

KrisPay

KrisPay mobile wallet

Singapore Airlines’ KrisPay is ablockchain wallet that lets members of KrisFlyer, the carrier’s frequent flyer program, convert their air miles into digital currency. Members can use as little as 15 KrisPay miles (equivalent to US$0.07) to pay for items at the airline’s 18 partner merchants in the city-state.

PayPal

paypal mobile wallet

PayPal was one of the first mobile wallets as we know them today to gain global presence. Its functions are similar to that of more conventional wallets today. It stores value, can be used for purchases online, and can remit money.

Yoyo Wallet

yoyo mobile wallet

Founded in Europe, the Yoyo Wallet combines the function of a payments platform and a loyalty programme into one app. Besides their own app, Yoyo also develops branded loyalty and payments apps.

BOC SG eWallet

bank of china boc mobile payments wallet

Run by  the Singaporean arm of the Bank of China, the BOC SG eWallet is a mobile app that enables payments via the scanning of QR code for BOC UnionPay credit card holderse in Singapore, and offers a version for both consumerse and merchants in its QR code scanning functionality.

TransferWise

transferwise mobile payments

TransferWise claims to offer cheaper remittance services compared to banks and PayPal, and aims to reduce surprises that may come from more traditional remittance processes by displaying exchange rates upfront.

Stripe

Stripe enables shops online, between e-commerce to software developers to accept payments via Stripe’s payments infrastructure. This includes subscription service models or on-demand marketplaces.

M1 Remit

mi remit mobile banking

M1 Remit is a homegrown remittance solution that is able to transfer money to Bangladesh, India, Indonesia, Malaysia, Myanmar, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam via mobile app. It allows users to track their transactions as they travel to the intended destination.

Featured Image Credit: Edited from Frepik here and here

Print Friendly, PDF & Email
  • 39
  • 18
  •  
  •  
  • 4
  •  
  •  
  •  
  •  
  •  
  •  
    61
    Shares

1 Comment so far

Jump into a conversation
  1. #1 Ultimate Guide to Singapore E-Commerce Market 2019 — Rocky Fu 17 August, 2019, 17:21

    […] 9.5% having a mobile money account than other markets such as China. But, do you know there are over 40 mobile payment players in Singapore? In comparison, 79% of smartphone users in the U.S. have made a purchase online using […]

<