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Payments to power growth in Singapore

2C2P helps you navigate Singapore’s complex payments landscape so you can focus on scaling your business.
Leverage our comprehensive payment solutions to offer Singaporean customers’ preferred payment methods and maximise revenue.

2C2P holds a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019.

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Singapore's payments
landscape at a glance

As one of the most digitally competitive economies in the world, its payment systems mirror those of other developed countries but with distinct regional characteristics:

  • Highest penetration rate of 80% for cards in SEA
  • Widespread QR code payment usage, powered by the government’s Singapore Quick Response Code (SGQR)
  • Strong adoption of mobile wallets such as Alipay+
  • Highest acceptance of BNPL in the region

In 2023:

95% of all ecommerce transactions in Singapore were made using digital payments

By 2028:

Singapore’s ecommerce market is projected to increase by 75% to reach US$ 14 billion

99% of ecommerce transactions are expected to be made using digital payments.

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72%
Cards
9%
Domestic Payments
11%
Mobile Wallets
5%
BNPL
3%
Other payment methods (e.g., cash)

Quick Facts

97  %

Smartphone Penetration Rate

US$ 14  billion

Ecommerce Market Size
(2028 Projection)

2  million

Mobile Wallet Users (2025)

US$ 521.9  billion

RTP Transaction Value (2025)

2C2P's solutions for the Singapore market

Accept Payments

Accept any payment through a single point of integration - online, offline, mobile, cards, cash and alternative payment methods.

Benefits

One single, flexible integration

We support server-to-server API, mobile SDKs, and plugins so you can integrate our solutions seamlessly

Secure

We meet the industry’s rigorous security standards and are certified by all international card schemes

Local support and expertise

Get support from our local experts and tap into our deep connections with major banks and financial institutions

Streamlined operations

Easily scale and manage new business with consolidated reporting

Instalment Payment Plans (IPP)

Empowers businesses across industries to boost affordability, increase conversions, and drive customer loyalty, while maintaining a healthy revenue.

Convert large payments into 0% interest instalments easily, with flexible payment plans from 3 to 36 months.

Benefits

Higher sales and order value

Improve conversions and make large-ticket purchases more affordable with monthly instalments

Guaranteed upfront payments

Receive the full transaction amount quickly, with repayment and risk managed by the bank

Strong customer loyalty

Encourage repeat purchases with seamless, interest-free payments

Wider customer reach

Win over new audiences who are seeking flexible payment methods

Multi-currency pricing (MCP)

A payment feature that allows you to display prices in the local currencies of your international customers. This gives you access to best-in-class FX rates and grants more control over foreign currency transactions.

Benefits

For customers

Pay in their preferred currency Improved shopping experience

Guaranteed FX rate with full transparency

Refund at original FX rate

For merchants

Higher conversions at checkout
Lower FX hedging cost

Control over margins

Streamlined operations

Through API-enabled automations and consolidated reporting

softPOS

A versatile Point of Sale (POS) payment app that enables businesses to accept contactless and QR payments on Android devices.

Benefits

Reduce payment hardware costs

Easy to use on any Android device, with zero technical integration.

Consolidated reporting and settlement

Merchants can use one solution to enable and manage payment acceptance

Seamless implementation

With shareable invoices and easy voiding of payment

Streamlined operations

Merchants can use one solution to enable and manage payment acceptance

Easy to scale

Low cost, scalable, and fast to implement

Trusted by leading businesses in Singapore

Explore more resources for the
Singapore market