HitPay

HitPay is licensed by the Monetary Authority of Singapore under the Payment Services Act, which governs account issuance, domestic and cross-border money transfer, and merchant acquisition. In other jurisdictions, HitPay establishes local operating entities — such as PT Solusi Dompet Indonesia and HitPay Payments Limited in Hong Kong — to comply with national payments regulation. The firm also maintains PCI DSS Level 1 certification, the highest card-data security standard.

The platform aggregates card schemes (Visa, Mastercard), real-time bank transfers (including Singapore's PayNow), and regional e-wallets such as GrabPay into a single merchant checkout and API. Multi-currency settlement and borderless QR functionality let foreign consumers pay via their home banking apps while the merchant receives funds in their local currency.

HitPay's website and pricing target small and midsize businesses, with no-code plugins for Shopify, WooCommerce, and Wix alongside a REST API for custom integrations. The firm separately lists an enterprise-track contact-sales flow and has established entities in Europe and the US, suggesting it can serve larger cross-border merchants but does not publicly break out its enterprise segment.

HitPay does not charge setup, monthly, or cancellation fees; it earns on per-transaction fees that vary by payment method. In Singapore, PayNow transactions cost 0.65% + S$0.30, while card transactions are 2.8% + S$0.30. Physical POS terminals are sold on a one-time basis ranging from S$85 to S$350, with no rental charges.

The firm's website references being backed by external investors under a 'World Class Investors' heading, but the specific funds, individuals, or round details are not publicly disclosed. As a result, the capital structure and ownership distribution cannot be verified from primary sources.

HitPay lists ten supported markets for payment acceptance on its website: Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, India, China, Australia, and New Zealand. It also maintains corporate entities in Hong Kong, the United Kingdom, Sweden, and the United States, though the operating scope in those locations is not detailed publicly.

HitPay offers automatic currency conversion that lets customers pay in their local currency while merchants receive settlement in their chosen currency. The firm states that it applies transparent FX rates with no foreign exchange markup or foreign-currency conversion fees passed to the customer, and highlights margin gains of more than 0.5% for merchants using local QR payments instead of international card rails.