1 min read

November 15, 2021

Get PayNow in WooCommerce

Start accepting SGD payments using PayNow QR from Singapore

WooCommerce logo and Singapore local payment method PayNow logo

PayNow is the most popular bank transfer payment method in Singapore.

Let's talk about PayNow

PayNow is the national payment method of Singapore using peer-to-peer funds transfer service. Since COVID-19, cashless local payment methods have increased in adoption. PayNow in Singapore has crossed the $20 billion mark in six months. Transactions have doubled since the pandemic, and 75% of Singapore merchants are now using PayNow or SGQR for their business.

WooCommerce SMB merchants now get more with PayNow

How PayNow transforms cashless payments

  • Payments are processed either via QR code or Unique Entity Number (UEN)

  • Singapore residents use it in their daily lives - from online shopping to buying a drink from a neighborhood coffee shop stall

  • Small and medium businesses benefit from secure and instant payments

  • Non-credit-based payments, greatly reducing chargebacks

  • A total of 17 participating banks in Singapore accept PayNow

Choose the right platform for your payments

While there are many payment gateways, choose the one that suits your need and goals

XanPay is suitable for SMBs and brands, who want to:

  • Grow their Singapore market presence

  • Expand across other Asia countries including Malaysia, Hong Kong, Philippines, Indonesia, Thailand, Australia, and more

  • Increase revenue by getting one of the lowest transaction fees offered in the market

  • Avoid any fixed annual and setup fees

  • Ensure seamless processing of high-volume microtransactions every day

  • Offer non-credit-based local payment methods in various countries

  • Greatly reduce chargebacks and control refunds

  • Easy, no code PayNow integration

XanPay checkout widget and merchant dashboard Most affordable payment gateway in APAC
XanPay's pricing breakdown

Take the advantage of low fees to grow your business

  Credit card gateways XanPay
Initial cost Fixed setup fees Fixed annual fees No setup fees No annual fees
Currency conversion 1-2% No conversion fees
FX rate Depends by respective credit card schemes Mid-market rate
Local transaction cost 1.5-3% 0.6%
Overseas transaction cost 3-5% 1.99%
Payment methods Credit card networks Local payment methods
Small and medium businesses stand to benefit the most

With PayNow, SMBs can now perform their business transactions more efficiently and hassle-free

  • Instant payments directly to their bank accounts
  • Reduce chargebacks
  • No more reliance on credit card networks
  • No need to be subjected to high credit card fees
  • The most adopted local payment methods by Singaporeans and resident

Register now to get ZERO transaction fee for processing your first USD 5,000.

Register now
Already has a XanPay account?

Install PayNow into your WooCommerce store in 10mins with no coding knowledge required.

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