You’re about to check out on Shopee. The total of your purchase hits S$1200. Do you hit “Pay” or split it over three months with SPayLater at zero interest?
If you’ve ever hesitated at that moment, wondering whether the Buy Now Pay Later Singapore options here are a smarter move, you’re not alone.
Since 2025, BNPL has become second nature in Singapore, with up to 77% of Gen Zs using BNPL here. It’s changing how people shop, regardless of whether it’s at online checkouts or in-store. To top it off, the BNPL growth is expected to hit US$1.94 billion by the end of this decade.
But each plan comes with its own quirks: different repayment terms, fees, and even how its rewards plan works. Are you sure the one you’re going for is accredited by the Singapore Fintech Association, too?
Before you commit to that 3-month repayment plan, take a moment to compare your options and choose the BNPL provider that offers the best value for your purchase.
Last updated: 16 April 2026
What is BNPL or Buy Now Pay Later?
Buy Now, Pay Later (BNPL) is a flexible payment option that allows consumers to split the cost of a purchase into smaller, interest-free instalments without using a credit card.
BNPL services like Atome, PayLater by Grab, and SPayLater by Shopee are widely accepted across online and physical stores in Singapore, making it a popular alternative for managing short-term spending.
Buy Now Pay Later in Singapore falls under a voluntary code of conduct developed by the Singapore Fintech Association, with accredited providers receiving the BNPL compliance trustmark to ensure consumer protection, responsible lending, and transparent fees.
Buy Now Pay Later in Singapore: A Quick Snapshot
The table below shows how pay later solutions work across three providers: Atome, Grab, and SPayLater.
These are being rolled out in phases, so it’s not available from every seller or to every user.
Top Buy Now Pay Later Providers in Singapore (2026)
Atome
Atome is one of Singapore’s leading BNPL platforms, offering a myriad of flexible payment options across categories such as lifestyle, beauty, travel, electronics, and more.
It is part of Singapore’s Advance Intelligence Group, which is an AI-first financial and data platform operating across Southeast Asia. In a move to support underserved markets, the group recently obtained US$75 million via an asset-backed facility from Lending Ark, with the purpose of improving financial inclusion in the Philippines.
Atome offers Pay-in-3 with interest-free repayments, and Pay-in-6, which has a one-off processing fee of up to 3% of the purchase’s total value.
Next, it also offers Pay-in-9 and Pay-in-12, which come with a monthly processing fee of 0.75% per month, based on the total purchase value.
Atome accepts payments from most credit and debit cards from a financial institution, as well as Apple Pay and PayNow.
PayLater by Grab
Grab’s PayLater gives users the flexibility to split their purchases into 4, 8, or 12 monthly instalments, or simply defer full payment to the following month. Regardless of the option selected, users continue to earn GrabRewards points, which are redeemable for benefits like discounted Grab rides, free food deliveries, and other partner perks.
The platform also offers personalised PayLater limits based on an individual’s spending behaviour. Grab also frequently promotes exclusive deals with merchant partners, enhancing its appeal as a go-to BNPL option.
By integrating payments, rewards, and daily services into a single ecosystem, PayLater by Grab stands out if you’re looking to streamline spending while maximising everyday rewards.
SPayLater by Shopee
SPayLater is Shopee’s BNPL offering designed to help users manage their spending more effectively, both on the Shopee app and at participating ShopeePay in-store merchants.
Users can choose to repay their purchases over 1, 3, 6, or 12 months, with instalments starting only after the order has been delivered. To activate SPayLater at checkout, you must have at least one valid payment card linked to your Shopee account.
By combining flexible repayment options with Shopee’s vast ecosystem, SPayLater caters to shoppers who value convenience, control, and ease in managing their purchases.
How to Use Buy Now Pay Later in Singapore
Using BNPL is a fairly straightforward process. You’ll have to pick your product or service and BNPL provider, and you’re set. Here’s how it works:
#1 Shop like you usually do
Add items to your cart at an online retailer or shop in-store at a participating merchant. All three major providers are generally accepted across a wide range of online and physical stores in Singapore, from fashion and electronics to travel and dining.
#2 Choose your BNPL provider at checkout
Select your preferred provider when you reach the payment page. For SPayLater, purchases are limited to the Shopee app and participating ShopeePay in-store merchants. Atome and PayLater by Grab have broader merchant networks spanning third-party retailers, both online and offline.
#3 Sign up or log in
First-time users will need to register with basic personal details. Some providers run a soft credit or identity check as part of the approval process. This does not affect your credit score. You must be at least 18 years old, as all accredited BNPL providers in Singapore are required under the Code of Conduct to restrict access to adults only.
#4 Select your repayment plan
This is where the providers differ. Choose the plan that fits your budget, and note that shorter tenures are typically cheaper.
#4 Make the first payment
For most plans, the first instalment is due upfront at checkout. The amount depends on the plan you choose. For example, for a Pay-in-3, that’s one third of your purchase’s total when you’re completing your purchase.
#5 Enjoy now, pay responsibly later
Subsequent instalments are automatically deducted from your linked credit or debit card on the scheduled dates. Miss a payment, and your account will be suspended from making further BNPL purchases until the overdue amount is cleared. This is a consumer protection measure built into the Code of Conduct.
Late fees may also apply depending on the provider, so it’s worth setting a calendar reminder if you’re not on auto-debit.
What’s Next for Buy Now Pay Later in Singapore?
In a February 2025 parliamentary session, Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS, reaffirmed that the BNPL Code of Conduct sets the standards to reduce risks and protect users. An independent oversight committee of qualified members will investigate suspected Code breaches by accredited BNPL providers.
A separate April 2025 parliamentary reply also addressed BNPL advertising, reaffirming that accredited firms are required to ensure their ads are not misleading, clearly disclose any fees or late charges, and must not imply that BNPL is “risk-free” or suitable for all users.
Singapore’s BNPL market is entering a more mature phase. Future growth will likely hinge on broader merchant acceptance and whether previously reported bank-led instalment products eventually hit the market.
Frequently Asked Questions (FAQ)
Is Buy Now Pay Later regulated in Singapore?
BNPL is self-regulated under the BNPL Code of Conduct, and BNPL providers are expected to go through an audit by an independent expert assessor to qualify for an accreditation. After this is done, they can display an accredited trustmark, showcasing that their business is compliant with the code for three years.
What’s the maximum limit for Buy Now Pay Later in Singapore?
Based on Singapore’s code of conduct, the limit is capped at S$2000 per BNPL provider, after which an additional credit assessment must be passed to obtain a higher limit.
How many BNPL providers in Singapore have the compliance trustmark?
As of the time of writing, four providers are accredited with Singapore’s BNPL Compliance trustmark, which are ABNK, Atome, Grab, and Singapore SPayLater. These four providers are accredited until 30 April 2027.
Featured image: Edited by Fintech News Singapore, based on images by thanyakij-12 on Freepik and tawatchai07 on Freepik