Singapore has gone cashless faster than almost any developed market. Over 92% of consumers now pay without cash. Card acceptance is no longer optional for Singapore merchants — it is the baseline expectation.

Mobile credit card processors have changed the entry point dramatically. You no longer need a bank terminal, a hardware contract, or a dedicated counter. A smartphone, an NFC chip, and an app are enough to get started.

Choosing the right processor matters more than most merchants realise. Rates differ by more than a full percentage point across the options below. OS support, settlement speed, and contract terms vary considerably too — and each affects your actual cost and workflow.

What are the best mobile credit card processors in Singapore?

nashi offers the lowest starting rates in Singapore with no monthly fee and no hardware. Stripe is the unified choice for businesses that also run online payments through the same developer stack. Revolut Business combines card acceptance with a full business banking platform, exclusively on iPhone.

DBS MAX integrates cards and PayNow in one app for merchants already banking with DBS. Shopify Payments suits Shopify merchants who want in-person card acceptance synced directly to their online store.

1. nashi: Lowest rates, no hardware, approved in a day

To be upfront: nashi is our own product. We think it earns its spot on this list — but we're obviously not impartial.

nashi is a Tap to Phone app built for micro and small businesses in Singapore. Any NFC-enabled Android phone becomes a card terminal. No Bluetooth device, no monthly subscription, no hardware to order or carry.

Rates start from 1.99% + $0.30 for Singapore-issued Visa and Mastercard — the lowest published starting rate in Singapore. Amex and international cards are accepted at 3.3% + $0.30. Most mobile processors in Singapore do not accept Amex at all.

Onboarding is fully digital, with most merchants approved in one business day. Settlements reach your bank in two business days. New merchants get a free trial covering up to $1,000 in transactions fee-free.

Standout features

• Tap to Phone on any NFC-enabled Android phone — no extra hardware required

• Accepts Visa, Mastercard, and Amex

• Fully digital KYC — no branch visits, typically approved in one business day

• Automatic payouts to your bank account in two business days

• Full and partial refunds processed through the app

• No setup fee, no monthly fee, no lock-in contract

• Powered by Adyen infrastructure, PCI-DSS compliant

• Free trial: up to $1,000 in fee-free transactions

• iOS Tap to Pay on iPhone coming soon

Rate card

• Singapore Visa / Mastercard: from 1.99% + $0.30 (eligible segments); 2.4% for new-to-cards merchants; 2.7% standard list pricing

• Amex and international cards: 3.3% + $0.30

• No setup fee, no monthly fee, no minimum volume

• Contact nashi directly to discuss rates for your business category

What works and what doesn't

Pros:

• Lowest starting rate for mobile card acceptance in Singapore

• Amex accepted — rare among Singapore Tap to Phone providers

• No hardware to buy, carry, charge, or troubleshoot

• One-day digital onboarding with no paperwork or branch visits

• Free trial covers most merchants' first full day before any rate applies

Cons:

• Currently Android only — iOS Tap to Pay on iPhone support is listed as coming soon

• No inventory management, invoicing, or e-commerce features built in

• Best rates require a direct conversation with the nashi team

Who this suits best

nashi is built for sole proprietors and small businesses with fewer than ten employees. Early adopters include fragrance and skincare brands, personal trainers, private tutors, logistics providers, and pop-up stall operators.

For mobile businesses that need card acceptance without hardware, nashi is the most practical starting point in Singapore. The combination of lowest rates, Amex support, and one-day onboarding is difficult to match at this price point.

2. Stripe: Best for businesses running online and in-person payments together

Stripe runs both online and in-person payments in Singapore, with Tap to Phone available on both Android and iOS. For businesses already using Stripe for e-commerce or SaaS billing, adding in-person card acceptance requires no new account.

One API, one dashboard, one settlement cycle. Whether the sale is online, via payment link, or a phone tap, nothing changes. That integration is Stripe's clearest competitive advantage.

The trade-off is cost. Singapore Visa and Mastercard via Tap to Phone cost 3.4% + $0.65 — a $0.50 base plus a $0.15 surcharge. It is the most expensive rate in this comparison.

Standout features

• Tap to Phone on Android and iOS — full cross-platform support

• Unified tracking of online and in-person sales in one Stripe dashboard

• Transparent published pricing — no sales calls required for rate information

• Accepts Visa, Mastercard, and Amex at the same rate

• No setup fee, no monthly fee

• Strong developer API and documentation for custom payment flows

Rate card

• Singapore Visa / Mastercard (Tap to Phone): 3.4% + $0.65 (base 3.4% + $0.50, plus $0.15 Tap to Phone surcharge)

• Amex: 3.4% + $0.65

• International Visa / Mastercard: 3.9% + $0.65

• No setup fee, no monthly fee

• Fixed platform pricing — no negotiation regardless of volume

What works and what doesn't

Pros:

• Works on both Android and iPhone — no OS restriction

• Accepts Amex at the same rate as Visa and Mastercard

• Unified view of all payment types — online, payment links, and in-person — in one place

• Published, transparent pricing with no custom rate opacity

• Best-in-class developer tools for businesses with custom payment flows or API integrations

Cons:

• Most expensive Tap to Phone rate in this comparison for Singapore card transactions

• Built primarily for online payments; Tap to Phone is a secondary feature

• Fixed pricing with no negotiation at any volume level

• The $0.65 fixed fee disproportionately impacts small-ticket transactions

Who this suits best

Stripe suits tech-enabled businesses, startups, and online retailers already using Stripe for digital payments. If you already use Stripe for e-commerce or SaaS, the unified stack covers in-person sales too. No new account, no new dashboard.

For merchants who only need in-person card acceptance with no existing Stripe integration, the rate premium is difficult to justify. A simpler, lower-cost alternative serves better at that stage.

3. Revolut Business: Best for merchants who also want a business banking platform

Revolut Business was one of the six launch partners for Tap to Pay on iPhone in Singapore in December 2025. It is primarily a business banking product — multi-currency accounts, FX tools, and corporate cards. In-person card acceptance is an extension of that banking suite.

The Singapore Visa and Mastercard rate is 2.8% + $0.65 per transaction. That includes a $0.50 base fee and a $0.15 Tap to Phone surcharge. The per-transaction cost is notably higher than nashi and DBS MAX.

The biggest constraint: it is iPhone only. Android users cannot accept cards through Revolut Business at all. In a market where Android is widespread across SMEs, that exclusion rules out a significant share of Singapore merchants.

Standout features

• Tap to Pay on iPhone — one of the original Singapore launch partners

• Multi-currency business accounts, FX tools, and corporate cards in the same app

• No setup fee on the entry plan

• Accepts Visa and Mastercard (Amex not supported)

• Business banking and card acceptance managed through a single platform

Rate card

• Singapore Visa / Mastercard: 2.8% + $0.65

• International Visa / Mastercard: 3.6% + $0.65

• Amex: not supported

• No setup fee; paid plan tiers unlock additional banking features

• Monthly fee: $0 on entry plan; higher tiers exist for banking functionality

What works and what doesn't

Pros:

• One app for business banking and card acceptance — no separate tools needed

• Multi-currency accounts and FX tools for businesses with international clients or cross-border revenue

• No setup fee on the entry tier

• Well-known global brand with strong consumer recognition

Cons:

• iPhone only — Android users are excluded entirely

• Amex not supported

• $0.65 fixed fee per transaction is among the highest in this comparison

• Primarily a banking product — merchant payments are a secondary feature

• Full value requires using Revolut as your main business banking platform

Who this suits best

Revolut Business fits iPhone-using merchants who want a combined business banking and payments platform in one app. The best fit is businesses with international clients or multi-currency needs: consultants, import/export operators, and similar service providers.

For Android users or merchants who only need card acceptance, the iOS restriction and higher fees point to other options.

4. DBS MAX: Best for merchants already banking with DBS

DBS MAX added Tap-to-Phone card acceptance in June 2026. It became the first Singapore bank to offer this capability. Cards and PayNow QR are both handled through the same banking app.

The contactless card rate is 2.50%, with T+1 settlement. Card funds arrive the next working day — one of the fastest here. PayNow QR via MAX costs 0.25%; standard PayNow through your bank app remains free.

Card transactions cannot be refunded once the sale day has closed. Only voids are possible, and only before 10pm on the same day. For merchants who handle returns after events or over multiple days, this is a meaningful limitation.

Standout features

• Tap-to-Phone on Android for contactless card acceptance (Visa and Mastercard)

• PayNow QR built in alongside card payments

• Apple Pay and Google Pay supported

• T+1 card settlement — funds arrive the next working day

• Managed through DBS IDEAL corporate banking platform

• No setup cost for existing DBS IDEAL account holders

Rate card

• Contactless card (Tap-to-Phone): 2.50%

• PayNow QR via DBS MAX app: 0.25% (standard bank PayNow QR remains free)

• Amex: not supported

• Setup cost: none for existing DBS IDEAL customers

• Card transactions: void-only, must be processed before 10pm on the same day

What works and what doesn't

Pros:

• Cards and PayNow in a single banking app — fewer tools across checkout

• Competitive 2.50% card rate with no fixed per-transaction fee

• T+1 settlement — one of the fastest payout cycles in this comparison

• Zero setup cost for existing DBS business account holders

• Strong institutional credibility backed by DBS banking infrastructure

Cons:

• Requires an active DBS business account on IDEAL — not available to non-DBS merchants

• Amex not supported

• Card transactions cannot be refunded after the day closes — void-only, before 10pm

• Android only for card acceptance

• Opening a DBS business account first adds friction for merchants not already on DBS

Who this suits best

DBS MAX is the natural choice for merchants already holding a DBS business account. Cards, PayNow, T+1 settlement, and banking visibility in one platform — with no setup cost. It is the most efficient setup available for DBS customers.

For merchants not currently banking with DBS, opening a business account adds time and admin before card acceptance can begin. At that point, a standalone processor like nashi is likely a faster path to getting started.

5. Shopify Payments: Best for Shopify merchants selling in-person too

Shopify Payments brings Tap to Pay on Android to Singapore merchants running Shopify stores. Your NFC-enabled phone accepts contactless cards without additional hardware. Sales recorded in Shopify POS sync automatically — no manual reconciliation between online and in-person records.

The rate depends on your Shopify plan. Basic merchants pay 3% + $0.50; Grow pays 2.9% + $0.50; Advanced pays 2.75% + $0.50. Plans cost $39, $132, and $531 SGD per month respectively.

Using a third-party processor instead of Shopify Payments triggers a surcharge. Shopify charges 2% on Basic, 1% on Grow, and 0.6% on Advanced. Recording a third-party payment as a custom transaction avoids the surcharge, though it adds a step to checkout.

Standout features

• Tap to Pay on Android — no card reader required

• Real-time Shopify inventory sync across in-person and online sales

• Accepts Visa, Mastercard, and Amex at the same rate

• Shopify POS Lite is included free on every paid Shopify plan

• Discount codes and promotions from Shopify admin apply directly at checkout

• Unified order history across pop-up and online channels

Rate card

• Basic plan ($39 SGD/month): 3% + $0.50 per in-person tap

• Grow plan ($132 SGD/month): 2.9% + $0.50 per in-person tap

• Advanced plan ($531 SGD/month): 2.75% + $0.50 per in-person tap

• Third-party processor surcharge: 2%, 1%, or 0.6% depending on plan (applied per transaction)

• Shopify subscription required — no standalone option for card acceptance

What works and what doesn't

Pros:

• Real-time inventory sync removes manual reconciliation after every in-person event

• Amex accepted at the same rate as Visa and Mastercard

• No additional hardware required for Tap to Pay on Android

• Fully integrated with Shopify orders, discounts, and reporting if you already run Shopify

• POS Lite is free — no separate POS subscription needed for occasional in-person selling

Cons:

• Requires an active Shopify subscription — cannot be used as a standalone card processor

• 3% + $0.50 on the Basic plan is among the higher rates in this comparison

• Value for in-person use depends heavily on also running an active Shopify online store

• Tap to Pay on Android only; iOS users need Shopify's hardware card reader for in-person sales

• Per-transaction fees from Shopify apply if using a third-party processor without custom payment recording

Who this suits best

Shopify Payments is right for Shopify merchants who run pop-ups, market stalls, or events alongside their online store. The inventory sync eliminates the main operational headache of dual-channel selling — reconciling in-person sales against your live online stock.

For merchants not on Shopify, the subscription requirement makes it an indirect path to card acceptance. A standalone app like nashi costs less for occasional in-person sales and has no platform lock-in.

Frequently asked questions

What is a mobile credit card processor?

A mobile credit card processor lets you accept Visa, Mastercard, and Amex on a smartphone. No fixed terminal, no hardware reader, no counter required. It works through Tap to Phone (also called SoftPOS), using your phone's built-in NFC chip to confirm contactless payments.

What is the difference between Tap to Phone and a Bluetooth card reader?

Tap to Phone uses the NFC chip already inside your phone — no separate device. A Bluetooth reader is hardware that must be charged, paired, and carried separately. Tap to Phone removes all of that friction, though card readers remain useful for chip-and-PIN or older contactless-incompatible card formats.

Are mobile credit card processors in Singapore MAS-regulated?

Not all are directly licensed by the Monetary Authority of Singapore. Some global platforms operate under home-country frameworks; others hold a Major Payment Institution licence issued by MAS. If MAS regulation matters for your compliance requirements, verify each provider's regulatory status directly.

How do settlement timelines compare across these processors?

Settlement timing varies and directly affects day-to-day cash flow. DBS MAX settles in T+1; nashi, Stripe, and Revolut Business settle in T+2. Shopify Payments timing varies by cycle — a fixed schedule is easier to plan around.

Which processors in this comparison work on both Android and iPhone?

Of the five, Stripe is the only option supporting both Android and iPhone. nashi and DBS MAX are Android-only; Revolut Business is iPhone-only. Shopify Payments Tap to Pay is Android-only — iPhone users need Shopify's hardware card reader instead.

What happens to a payment if my internet drops mid-transaction?

Tap to Phone requires an active internet connection — mobile data or Wi-Fi — to process each transaction. If connectivity drops mid-tap, the transaction will not complete; retry once the connection restores. Most Singapore venues have 4G or 5G coverage — a portable hotspot helps for basement events or fringe areas.

Conclusion: Match the processor to how you actually sell

For most Singapore micro and small businesses, nashi is the strongest starting point. Lowest rates, Amex acceptance, no monthly fee, and no hardware to buy or carry. The free trial covers $1,000 in fee-free transactions before any rate applies.

Stripe is the right call for businesses already running online payments through it. Expect higher per-transaction rates in exchange for unified integration and cross-platform flexibility.

Revolut Business fits iPhone-using merchants who want business banking and multi-currency tools alongside card acceptance — in one app. DBS MAX suits merchants already on DBS, combining cards, PayNow, and T+1 settlement in one banking app. Shopify Payments is built for Shopify merchants who sell both online and in-person and want inventory sync handled automatically.

Your best processor fits how you actually sell — not the one with the most features. Start your nashi free trial and process your first $1,000 fee-free. No hardware, no monthly commitment, and approval in one business day.