Singaporeans are living proof that a cashless future isn’t coming. It’s already here. According to Visa, 72% of Southeast Asian consumers tried going fully cashless in 2023. Singaporeans and Malaysians led the way, with some managing an average of 11 days without using a single note, a significant lifestyle shift. Top e-wallets in Singapore have played a major role in accelerating this shift to a fully digital lifestyle.

How is this possible compared to other markets, though? Real-time payment infrastructure, such as PayNow, powers account-to-account transfers across individuals, businesses, and even government services in the country. Also, when it comes to e-commerce, digital wallets dominate here, making up 39% of all transactions, according to WorldPay’s Global Payment Report 2025.

In a city that rewards convenience, speed, and integration, digital wallets transcended from a payment tool to an essential part of daily life. In this article, we explore the top five e-wallets in Singapore and what each is best known for.

Last Updated: 3 June 2025

A Snapshot of the Top E-Wallets in Singapore

Five key players dominate the market in Singapore: DBS PayLah!, GrabPay, Google Pay, Apple Pay, and Revolut.

DBS Paylah!

DBS PayLah! is the first on the list. Branded as the “ultimate everyday app,” this mobile wallet supports the usual suspects in everyday needs, such as bill payments, food orders, ride bookings and payments and transfers.

Beyond convenience, it sweetens the deal with instant rewards, exclusive merchant offers, and frequent “Spend and Win” promotions. But what also sets it apart is its focus on younger users.

DBS PayLah! offers cashback on campus meals at select tertiary institutions, along with curated deals from Golden Village, Shopee, Foodpanda, and more, making it a popular choice among students and younger consumers.

On the ground, DBS PayLah! continues to stand out as the digital wallet of choice. Users favour it not just for its rewards, cashbacks, and discounts, but for its overall ease of use. It’s reportedly faster when it comes to scanning and paying, ideal for those who want a fuss-free budgeting e-wallet that works easily for them.

Another key advantage? DBS PayLah! purportedly has a wide merchant acceptance, reinforcing its position as the go-to e-wallet for everyday transactions. This includes cashless payments through FavePay QR, SGQR, UnionPay QR, NETS QR, and PayNow QR.

GrabPay

GrabPay positions itself as rewarding, convenient, and flexible, and it delivers on that promise by offering multiple cashless payment options within a single platform. Users can pay via their GrabPay balance, linked credit or debit cards, or even third-party services like PayPal.

Topping up the GrabPay Wallet is straightforward, as linking debit or credit cards or alternative payment methods takes just a few taps, making it a versatile choice for users seeking payment flexibility without the friction.

To keep users engaged, GrabPay offers 0.5% cashback in the form of GrabRewards points for every dollar spent. These points can be redeemed to offset purchases at GrabPay merchants or used for Grab rides and food orders, turning everyday spending into tangible perks.

Security is also a major focus. GrabPay is PCI DSS Level 1 compliant, which is apparently considered the highest standard for payment data security. GrabPay’s security also features a 24/7 fraud detection engine. Payments are further safeguarded through Grab PIN authentication and biometric security, offering users added confidence and protection.

Technically, though, “GrabPay” refers to Grab’s broader suite of payment services, which includes these card payments, partner wallets, and the GrabPay Wallet.

The GrabPay Wallet itself refers to the licensed e-money wallet that holds a topped-up balance, allowing users to shop online, make in-store payments, transfer funds, and earn rewards with each transaction, according to the website.

Google Pay

Google Pay brings a distinctly streamlined approach to e-wallet payments in Singapore, focusing on speed, convenience, and seamless integration across devices.

Tired of repeatedly entering your card details for every purchase? Google Pay’s Autofill feature stores your payment information securely, making checkout on Android devices and Chrome browsers fast and frictionless.

When you’re shopping, Google Pay aims to help keeps things simple. Just look for the “Buy with Google Pay” button at online checkouts, or tap your phone at terminals displaying the “GPay” symbol. You’re then already ready to pay, provided you’ve activated your card payments on the app.

Once your card details are saved to your Google account, payments sync across your devices, turning smartphones, tablets, and laptops into quick payment tools.

Security is also central to the experience. Google Pay is built with authentication protocols, transaction encryption, and fraud protection features. Users also have control over their privacy settings, allowing them to personalise how their data is managed.

Apple Pay

Apple Pay stands out in Singapore’s crowded e-wallet space by leveraging the strength of the Apple ecosystem and a reputation for seamless, secure user experiences.

According to Apple, one of its key advantages is widespread acceptance across millions of websites, apps, and retail locations. Once users add their credit or debit card to the Wallet app on their iPhone, they can make payments effortlessly via iPhone, iPad, Mac, or Apple Watch. No extra apps or complicated setups required. It also preserves all your existing cardholder benefits and rewards, simply offering a more streamlined way to pay.

In Singapore, Apple Pay is compatible with a broad range of local and international cards, including those issued by Citi, DBS, Revolut, and American Express. It’s also accepted at major retail and F&B outlets like FairPrice, Golden Village, ShengSiong, and Toast Box, as well as travel and lifestyle platforms such as Agoda, Atome, Booking.com, and Klook.

When it comes to security, Apple Pay goes further than most. It uses a device-specific number and unique transaction code for every purchase, ensuring your card number is never stored or shared. For added privacy, features like Hide My Email generate random email aliases that forward to your inbox, helping protect personal data during online purchases.

In a market where privacy, convenience, and compatibility are paramount, Apple Pay’s deeply integrated and frictionless experience does give it a distinct edge, but only if you’re an Apple user.

Revolut

Revolut is a multi-currency wallet that earns its spot on the list of top e-wallets in Singapore here. According to its website, Revolut lets users spend in over 150 countries and stash in more than 33 currencies, making cross-border spending fast and seamless.

It also stands out for its investment features, allowing users to buy and sell in over 120 tokens, invest in commodities like gold and silver, or buy into more than 1,000 global companies starting from just one dollar.

Purportedly trusted by over 50 million users globally, Revolut safeguards funds with two-factor authentication and robust data security, claiming no compromises.

Revolut offers three plan tiers: Standard, Premium, and Metal, each with its own set of benefits. For example, Standard users are charged a S$4.99 card delivery fee, while Premium and Metal members enjoy free express delivery. There’s a catch though: Premium and Metal plans come with a monthly fee.

This tiered structure also applies to other features, such as investment tools, travel savings, and protection benefits. Notably, regardless of the plan type, all users get to enjoy international spending support and enhanced online shopping security via Revolut’s Chrome extension.

As part of its ongoing updates, Revolut raised its e-wallet credit limit in Singapore to S$20,000 and introduced a new currency pocket for the Indonesian Rupiah as of June last year.

How to Pick the Top E-Wallets in Singapore for Your Needs

Choosing the right e-wallet comes down to understanding your priorities and spending habits. Here are a few things to consider:

Daily Usage

If you’re looking for an all-in-one solution for food, rides, and bills, DBS PayLah! or GrabPay offer strong integration with local merchants and everyday services.

Reward Maximisation

Cashback and loyalty perks matter? GrabPay is built to deliver value with every spend.

Security & Ecosystem

 If you’re deeply embedded in the Apple or Google ecosystem, Apple Pay and Google Pay offer frictionless, device-wide payment convenience with robust security.

Cross-Border Use

 Travel frequently within Southeast Asia? Revolut is a handy option.

Ultimately, most Singaporeans end up using a combination of two or more wallets to take advantage of different features and offers. You don’t have to settle for just one of the top e-wallets in Singapore.

What’s Next for E-Wallets in Singapore?

Singapore’s push toward a fully digital economy with a smart nation shows no signs of slowing down, and e-wallets are poised to dominate by 2027. The next phase is about becoming embedded in the broader financial  ecosystem, offering more functionality, cross-border capabilities, and regulatory oversight.

Cross-border interoperability is one of the most exciting developments shaping the future of e-wallets in Singapore. It’s already in motion. The PayNow–PromptPay linkage between Singapore and Thailand marked a significant milestone, enabling real-time, low-cost fund transfers between users in both countries using just mobile numbers.

Building on that, the PayNow–UPI linkage also connects Singapore and India, allowing seamless person-to-person remittances between the two markets. Malaysia’s DuitNow and Indonesia’s QRIS have had domestic success, and both are part of broader efforts to enable cross-border QR code payments across the region.

With this growth, however, could come the need for stronger regulations and enhanced privacy protections. As more personal and financial data flows through these platforms, Singapore’s regulators may need to implement stricter compliance requirements around data use, fraud prevention, and consumer safeguards, raising the bar for industry standards.

Singapore’s e-wallet journey is far from over. But with its digital infrastructure, tech-forward population, and pro-innovation regulatory environment, it’s already setting the pace for what a modern, cashless nation could look like.

FAQs

Can I use more than one e-wallet at a time in Singapore?

Yes, you can use two or more e-wallets to maximise rewards, payment flexibility, and merchant acceptance. Most wallets are free to download and easy to set up.

Which is the top e-wallet in Singapore for students?

DBS PayLah! offers student-specific deals, cashback on campus meals, and curated promotions, making it a popular choice for tertiary students.

Are e-wallets safe to use in Singapore?

Yes. Top wallets like GrabPay, Apple Pay, and Google Pay follow high security standards like PCI DSS compliance, two-factor authentication, and encryption. Users can also enable biometrics and PIN protection. To be sure, always check the official website for the latest details on their digital wallet payment security.

Can tourists use Singapore’s e-wallets?

This can vary, as some e-wallets may require a local bank account or phone number, but options like Apple Pay and Google Pay could work seamlessly for tourists with supported credit or debit cards.

Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik