PayNow Payments
in Singapore
MAS PayNow instant SGD transfers using mobile number, NRIC/FIN, or UEN as proxy.
PayNow in Singapore
Singapore Dollar · SGD
Contractor must provide their PayNow-registered mobile number, NRIC/FIN, or UEN.
Payment Journey
You fund in USD, stablecoin, or BTC — your contractor in Singapore chooses how they receive it.
Fund your Bitwage Balance
USD via wire/ACH/FedNow, stablecoin (USDC/USDT), or BTC. Fund once — use for all payments.
Create a payment run
Add your Singapore contractor(s) to a batch or individual payment. Set the amount in USD — Bitwage handles everything else.
Converts & delivers via PayNow
FX rate locks at approval. Bitwage converts USD → local currency and routes the payment via PayNow. Compliance screened automatically.
Funds arrive via PayNow
Settlement: < 30 seconds. Fees: 0–0.5%. Contractor can also choose USDC, USDT, or Bitcoin instead — they set their preference once.
How PayNow Works in Singapore
Bitwage resolves the contractor's PayNow proxy to their linked bank account and initiates an instant SGD credit. Settlement is confirmed in under 30 seconds.
Compliance & Security
Singapore contractors must declare all income to IRAS and may need to register for GST above the S$1M threshold. MAS regulations require Bitwage to perform AML/CFT screening on all payments into Singapore.
The SGD is managed by MAS within a trade-weighted basket policy. It is highly stable. Bitwage locks the USD/SGD rate at execution for USD-funded payments, though rate variation is typically small.
Other Payment Methods in Singapore
PayNow in Singapore FAQ
Common questions about PayNow payments, settlement, fees, and requirements.
PayNow payments to Singapore typically settle in < 30 seconds. Bitwage locks your FX rate lock at execution time so recipients receive exactly the amount shown in the payment preview.
Bitwage charges 0–0.5% for PayNow payments to Singapore. There are no hidden per-transfer fees beyond the displayed rate. You can see the full cost breakdown before executing via our {{link:products/contractor-payments}} platform.
Contractor must provide their PayNow-registered mobile number, NRIC/FIN, or UEN. Bitwage validates all payment details before executing. For batch payments to multiple contractors, use {{link:products/masspay}} to upload a CSV with all recipient details at once.
Yes. With {{link:products/masspay}} you can include any number of Singapore-based contractors in a single payment run, mixing PayNow with other local rails. All FX conversions are locked at batch payment processing execution time.
Start Sending PayNow Payments to Singapore
Settlement in < 30 seconds. Fees from 0–0.5%. OFAC screened on every payment.