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The top 10 cross-border payment companies in Singapore include Nium, Thunes, Tazapay, Transwap, FOMO Pay, Partior, Wallex, Finmo, Liquid Group, and YouTrip, each providing specialized infrastructure for international money movement. Singapore has become one of Asia's key hubs for these financial services, supported by a mature payments ecosystem, strong fintech infrastructure, and access to markets across Southeast Asia. As businesses expand internationally, these providers are increasingly helping companies collect money, pay overseas suppliers, manage foreign currencies, and distribute funds across multiple markets.
Unlike traditional bank transfers, modern cross-border payment solutions can combine local payment rails, foreign exchange, virtual accounts, APIs, payment links, wallets, and automated payouts within a single platform.
This article looks at these 10 companies that operate across different parts of the international payments ecosystem. The list includes B2B payment platforms, payment infrastructure providers, settlement networks, and multi-currency payment platforms rather than global card networks or massive technology conglomerates.
Note: This is an industry overview rather than a ranking of financial performance. Companies are presented based on their relevance to Singapore's cross-border payments ecosystem and the type of international payment infrastructure they provide.
What Are Cross-Border Payment Companies?
Cross-border payment companies help businesses or individuals move money between different countries and currencies. Depending on the provider, this can include international transfers, merchant payments, collections, supplier payouts, payroll, foreign exchange, card payments, or settlement between financial institutions.
For businesses, the main challenges are usually not simply sending money from one country to another. Companies also need to consider:
- Foreign exchange conversion and FX spreads
- Payment processing and transaction fees
- Settlement speed
- Local payment methods
- Currency availability
- Compliance and customer identity verification
- Payment tracking and reconciliation
- API integration
- Local licensing requirements
- Availability of payment corridors
This is why cross-border payment companies in Singapore cover a wide range of business models. Some focus on enterprise payouts, while others specialise in merchant collections, payment infrastructure, wholesale settlement, or multi-currency accounts.
Top 10 Cross-Border Payment Companies in Singapore
1. Nium
Nium is one of the most established Singapore-linked fintech companies focused specifically on global money movement. The company is co-headquartered in Singapore and San Francisco and provides infrastructure for businesses, financial institutions, fintech companies, marketplaces, travel companies, and other organisations that need to move money internationally.
Its cross-border payment platform supports payouts across more than 190 countries, with real-time payment capabilities available across more than 100 corridors. Nium also offers multi-currency accounts, cards, stablecoin-related payment products, and account verification services.
One of Nium's key characteristics is its API-first infrastructure. Instead of requiring businesses to manually process individual international transfers, companies can integrate payment capabilities into their own platforms and workflows.
This makes Nium particularly relevant for businesses that need to send large volumes of international payments, including marketplaces paying sellers, travel companies paying suppliers, platforms paying contractors, and web3 development companies building international payment capabilities.
Key areas:
- Cross-border business payouts
- Multi-currency accounts
- Global payment APIs
- Virtual and physical cards
- Stablecoin-enabled payment infrastructure
- Financial institution and fintech connectivity
For businesses evaluating cross-border payment companies in Singapore, Nium represents the infrastructure-heavy end of the market, with a focus on connecting companies to international payment networks.
2. Thunes
Thunes is a global payment infrastructure company with its Singapore operations headquartered at One Raffles Place. The company focuses on connecting businesses to local payment methods and financial networks across international markets.
Thunes has built its business around facilitating international money movement for companies that need to make payouts to bank accounts, mobile wallets, and other payment destinations.
In 2026, Thunes announced a cross-border payout solution designed for businesses paying remote workers, freelancers, and gig workers. The company stated that the solution can support payouts into billions of bank accounts, mobile wallets, and stablecoin wallets across 140 countries.
This type of infrastructure is particularly relevant to the growth of the digital economy. Marketplaces, gaming platforms, creator platforms, travel businesses, and gig-economy companies can have thousands or millions of recipients across different countries.
Rather than building separate banking and payment relationships in every market, businesses can use a provider such as Thunes to connect to multiple local payment networks.
Key areas:
- Global payouts
- Bank account transfers
- Mobile wallet payouts
- Cross-border payment infrastructure
- Marketplace and platform payments
- Digital economy payouts
Thunes is therefore one of the more infrastructure-oriented cross-border payment companies in Singapore, particularly for businesses making international payouts at scale.
3. Tazapay
Tazapay is a Singapore-based fintech focused on cross-border payments for businesses, particularly international commerce and digital businesses. The company provides payment collection, checkout, payment links, and escrow-related solutions.
Its model is particularly relevant for companies selling internationally because cross-border commerce often creates a payment problem on both sides of a transaction.
A seller may want to receive money through a familiar local payment method, while the buyer may not want to use an international bank transfer or a card with high international transaction costs.
Tazapay addresses this problem by connecting businesses to local collection methods across more than 85 markets, alongside card coverage across more than 170 markets, according to the company's current information.
The company also holds a Major Payment Institution licence from Singapore's Monetary Authority of Singapore covering services including cross-border money transfer, merchant acquisition, account issuance, and e-money issuance.
Key areas:
- Cross-border collections
- International checkout
- Payment links
- Escrow
- Local payment methods
- B2B and digital commerce payments
Tazapay is especially relevant for SaaS businesses, marketplaces, exporters, digital platforms, and companies that need to accept payments from customers across multiple countries.
4. Transwap
Transwap is a Singapore-headquartered payment infrastructure company focused on cross-border settlement. The company describes itself as a regulated, multi-jurisdictionally licensed payment institution that provides businesses with international payment and FX capabilities.
Businesses can use Transwap to pay overseas suppliers, collect funds from customers, and manage foreign exchange across more than 180 countries, according to its current platform information.
Transwap is also listed by the Monetary Authority of Singapore as a Major Payment Institution providing cross-border money transfer services.
Its positioning is particularly interesting for businesses that need more than a simple remittance product. Cross-border business payments can involve multiple currencies, payment corridors, compliance requirements, and settlement relationships. Infrastructure providers such as Transwap aim to consolidate these processes into a single platform.
Key areas:
- International business payments
- Cross-border collections
- Supplier payments
- FX management
- Multi-market payment infrastructure
- International transfers
For companies comparing cross-border payment companies in Singapore, Transwap is particularly relevant when the requirement involves B2B international payment flows rather than consumer remittances.
5. FOMO Pay
FOMO Pay is a Singapore-based payment company founded in 2015. It operates as a Major Payment Institution licensed by the Monetary Authority of Singapore. Its regulated services include cross-border money transfer, domestic money transfer, merchant acquisition, and digital payment token services.
The company's positioning sits at the intersection of traditional payments and digital-asset infrastructure. FOMO Pay describes its mission as building payment interoperability across Asia between fiat and digital currencies.
For businesses operating across Asia, this model can be relevant where conventional bank payments need to coexist with newer digital payment methods. They are also a great example of how cryptocurrency development companies are bridging the gap between legacy finance and modern assets.
FOMO Pay also has a connection to Singapore's QR-payment ecosystem, having been involved as one of the founding members in the development of SGQR.
Key areas:
- Cross-border money transfers
- Merchant acquisition
- Digital payment infrastructure
- Digital payment token services
- QR payments
- Fiat and digital-currency interoperability
FOMO Pay provides a different angle within the Singapore market because its services extend beyond conventional international transfers into merchant and digital-asset payment infrastructure.
6. Partior
Partior takes a different approach from companies focused primarily on retail remittances or standard business transfers.
The Singapore-based company develops infrastructure for wholesale cross-border payments and settlement. Partior originated from Project Ubin, an industry initiative involving the Monetary Authority of Singapore, and was incorporated as an independent company in 2021. Its founding shareholders included DBS, J.P. Morgan, Standard Chartered, and Temasek.
Partior's platform uses a unified ledger designed for real-time clearing and settlement. Its solutions include 24/7 multi-currency payment settlement and foreign-exchange Payment-versus-Payment settlement.
This means Partior is not simply another international transfer application. Its target market is primarily financial institutions and participants in wholesale financial markets.
The company's technology is designed to address issues such as fragmented settlement processes, liquidity management, settlement risk, and reconciliation.
Key areas:
- Wholesale cross-border payments
- Real-time settlement
- Multi-currency clearing
- FX Payment-versus-Payment settlement
- Financial market infrastructure
- Institutional payments
Among cross-border payment companies in Singapore, Partior is notable because its focus is on the underlying settlement infrastructure used by financial institutions rather than directly serving consumers.
7. Wallex
Wallex is a Southeast Asia-focused payment and foreign exchange platform serving businesses that operate across borders.
Its Singapore business solutions allow companies to send international payments, receive global payments, hold multiple currencies, and convert between currencies. Wallex currently states that its platform supports payments in 47 currencies and virtual accounts in 36 currencies.
The company also supports bulk payments and transaction-management features designed for business finance teams.
One of Wallex's distinguishing characteristics is its regional focus. Rather than positioning itself purely as a global consumer payment brand, it has built products around the needs of businesses operating across Asian markets.
Its platform can therefore be relevant to companies working with suppliers, customers, employees, and marketplaces across Southeast Asia.
Key areas:
- Business cross-border payments
- Multi-currency accounts
- FX conversion
- Virtual accounts
- Bulk payments
- Southeast Asian payment corridors
Wallex is a practical option to consider when researching cross-border payment companies in Singapore for regional B2B operations.
8. Finmo
Finmo is a Singapore-based fintech focused on payments, treasury management, and financial infrastructure for businesses.
Its cross-border payment platform supports international payments and mass payouts across more than 80 currencies and 200 countries, while its broader network provides local payment methods in more than 180 countries.
Finmo also offers virtual accounts that allow businesses to collect and disburse funds in multiple currencies.
The company's positioning is particularly relevant to businesses that want to combine payment operations with treasury workflows. Instead of treating international payments as isolated transactions, Finmo's platform brings together payment execution, FX, accounts, and visibility into one infrastructure layer.
Finmo also holds a Major Payment Institution licence in Singapore covering services including account issuance, cross-border money transfer, domestic money transfer, e-money issuance, and merchant acquisition.
Key areas:
- Cross-border payments
- Mass payouts
- Multi-currency business payments
- Virtual accounts
- Treasury management
- Payment APIs
This makes Finmo particularly relevant to businesses that need both international payment capabilities and broader financial operations infrastructure.
9. Liquid Group
Liquid Group is a Singapore fintech focused on global payments, business payments, and QR-payment infrastructure. The company describes itself as a Singapore-based, MAS-licensed fintech providing cross-border payment services for businesses and individuals.
Its corporate payments platform supports global collections and payouts, multi-currency accounts, transaction tracking, approval workflows, and automated collections.
Liquid also operates cross-border QR-payment infrastructure through its RoamQR solution. This allows merchants to accept payments from different international wallets and payment networks through a unified QR infrastructure. Supported networks include Alipay+, WeChat Pay, UnionPay and India's UPI, among others.
The company therefore covers two important sides of cross-border payments:
- B2B money movement, such as international payouts and collections.
- Cross-border payment acceptance, particularly for merchants serving international visitors.
Liquid's corporate platform currently supports approved payment corridors across markets including Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Thailand, the United Kingdom, the United States, Vietnam, and others.
Key areas:
- Global business payments
- Cross-border payouts
- Multi-currency accounts
- QR payment infrastructure
- International payment acceptance
- Merchant payments
This makes Liquid Group one of the more diverse cross-border payment companies in Singapore, particularly for businesses operating across Southeast Asia.
10. YouTrip
YouTrip is a Singapore fintech known primarily for its multi-currency wallet and international spending products. The company was launched in 2018 and is operated by You Technologies Group (Singapore) Pte. Ltd.
Unlike some companies on this list that primarily target banks, marketplaces, or enterprise finance teams, YouTrip has a strong consumer-facing component.
Its platform allows users to exchange and spend in foreign currencies, with support for payments in more than 150 countries. YouTrip also offers overseas transfers to supported countries and currencies.
The company is licensed in Singapore as a Major Payment Institution, with regulated services including account issuance, domestic money transfer, cross-border money transfer, and e-money issuance.
YouTrip has also expanded into business payments through YouBiz, which provides Singapore businesses with multi-currency accounts, overseas transfers, corporate cards, and expense-management capabilities.
Key areas:
- Multi-currency wallets
- International payments
- Overseas transfers
- Foreign exchange
- Business payment accounts
- Corporate spending
YouTrip is therefore a useful example of how cross-border payment companies in Singapore can serve both consumers and businesses rather than focusing exclusively on enterprise payment infrastructure.
How to Choose Between Cross-Border Payment Companies in Singapore
The companies above do not all solve the same problem. A business comparing cross-border payment companies in Singapore should first identify what type of international payment flow it actually needs.
1. Business payouts
If your company needs to pay suppliers, freelancers, marketplace sellers, employees, or other recipients across multiple countries, look for providers with broad payout networks and API capabilities.
Companies such as Nium, Thunes, Transwap, and Finmo operate heavily in this area.
2. Cross-border collections
Businesses receiving money from international customers may need local collection methods, virtual accounts, payment links, or local payment rails.
Tazapay, Wallex, Finmo, and Nium have products relevant to international collections and multi-currency money movement.
3. FX and multi-currency operations
For companies that regularly hold, convert, and send multiple currencies, the ability to manage FX and multi-currency balances can be as important as the transfer itself.
Wallex, Finmo, Nium, YouTrip, and Liquid Group offer products involving multi-currency payments or foreign exchange.
4. Payment acceptance
Companies selling to international consumers may need to accept local payment methods instead of relying entirely on international cards.
Tazapay and Liquid Group are particularly relevant to this use case, with products designed around local payment methods and cross-border payment acceptance.
5. Institutional settlement
Banks and financial institutions have different requirements from SMEs or online merchants. Settlement finality, liquidity, interoperability, and 24/7 processing can become critical.
Partior operates in this segment, focusing on wholesale payment and settlement infrastructure.
6. Digital-asset payment infrastructure
Businesses interested in connecting conventional payment flows with digital assets may need a provider with the appropriate regulatory permissions and infrastructure.
FOMO Pay is one Singapore-based example with regulated digital payment token services alongside cross-border money transfer services.
Why Singapore Is a Major Hub for Cross-Border Payments
Singapore's position in international finance gives fintech companies access to a sophisticated banking ecosystem while also providing a gateway into Southeast Asian markets.
The country's cross-border regulatory sandboxes explained is another important factor. The Monetary Authority of Singapore maintains a licensing framework for payment service providers, including regulated activities such as cross-border money transfer, account issuance, merchant acquisition, and e-money issuance.
This creates an environment where cross-border payment companies in Singapore can build regulated payment infrastructure while serving businesses across multiple markets.
The market is also becoming more diverse. Traditional international transfers are increasingly being complemented by:
- Real-time payment rails
- API-based payment infrastructure
- Multi-currency accounts
- Virtual accounts
- Embedded payments
- QR-payment interoperability
- Digital-asset settlement
- Automated reconciliation
- Treasury management platforms
As a result, the definition of a cross-border payment provider is expanding beyond simple remittance.
Frequently Asked Questions
1. What are cross-border payment companies?
Cross-border payment companies provide technology and financial infrastructure that enables money to move between different countries and currencies. Their services can include international transfers, collections, payouts, FX conversion, payment acceptance, multi-currency accounts, and settlement.
2. Which cross-border payment companies are based in Singapore?
Examples include Nium, Thunes, Tazapay, Transwap, FOMO Pay, Partior, Wallex, Finmo, Liquid Group, and YouTrip. Their business models differ significantly, ranging from consumer wallets to institutional settlement infrastructure.
3. What is the difference between cross-border payments and international remittance?
International remittance usually refers to transferring money from one person or account to another across countries. Cross-border payments is a broader term that can include B2B supplier payments, marketplace payouts, ecommerce collections, payroll, merchant payments, and institutional settlement.
4. Are Singapore cross-border payment providers regulated?
Many Singapore payment providers operate under licences issued by the Monetary Authority of Singapore, although the specific licence and regulated activities vary by company. Businesses should verify the relevant provider and service before using it.
5. Which companies focus on B2B cross-border payments?
Several cross-border payment companies in Singapore focus heavily on businesses, including Nium, Thunes, Tazapay, Transwap, Wallex, Finmo, and Liquid Group. Their target customers and payment capabilities differ, so the appropriate provider depends on the business model and payment corridor.
