Mobile Wallets In Singapore: Complete 2025 Guide
Updated: 15 Oct 2025
Here's a complete guide to how mobile wallets work and who the most common providers are in Singapore.
Written bySingSaver Team
Team
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While Singapore is still catching up to top cashless countries like Canada, Sweden, the UK, and China, recent plans to implement cashless payment options for over 500 hawkers are a big step in the right direction. The granting of four digital bank licenses in 2020 also helped spur rapid growth in the services offered by mobile and digital wallets.
Here's an overview of how current mobile wallets work and which are the best service providers in the market right now.
How do mobile wallets work?
A mobile wallet is a type of virtual wallet where users can send, receive, and store money, and pay for purchases through their smartphone.
In general, a mobile wallet service is delivered by and in collaboration with mobile service providers (e.g. SingTel), the smartphone you use and its e-payment solution (e.g. Apple Pay, Google Pay, Samsung Pay), and financial institutions (e.g. banks). Even Fitbit has its own mobile wallet solution.
Best mobile wallets in Singapore
| AliPay |
| FavePay |
| Google Pay |
| GrabPay |
| DBS PayLah |
| Huawei Pay |
| NETSPay |
| SingTel Dash |
| WeChat Pay |
Best multi-currency mobile wallets
| YouTrip |
| Revolut |
| Wise |
What are the pros and cons of using a mobile wallet?
Mobile wallets are fast, secure, widely accepted, and work with rewards programs with participating merchants. With most mobile wallets, you can leave your physical wallet at home or in the office, as you no longer need to swipe your physical credit card or sign a receipt. All you have to do is tap your mobile device on the payment terminal to process the transaction. An example of this is the SimplyGo service on public transport.
See also: EZ-Link vs EZ-Reload vs SimplyGo: Best App and Card to Pay for Public Transport
With the recent national rollout of a unified QR code which accepts 27 e-payment methods such as GrabPay, AliPay, FavePay, Nets, PayLah and Dash, most major merchants now also accept some form of mobile payment.
In addition, tapping your phone at certain merchants also earns you loyalty or reward points, and even exclusive rebates and discounts.
But a mobile wallet is not perfect. While many e-payment solutions are widely accepted, some neighbourhood shops or hawker centres still prefer cash. You also need to remember to top up your digital wallet via a credit card or bank account.
Being a technology-based payment service, it may also be prone to technical glitches like app loading problems or network delays, during which the service or mobile payment solution is temporarily down.
Which is the best mobile wallet in Singapore?
|
Name |
Best For |
Countries |
Currencies |
iOS/ |
|
Bank-owned mobile wallets |
||||
|
DBS PayLah |
Recurring Bill Payment |
Singapore |
SGD |
Both |
|
OCBC Pay Anyone |
All Category Spendings |
Singapore |
SGD |
Both |
|
UOB Mighty |
Dining |
Singapore, Malaysia, Thailand, Indonesia |
AUD, CAD, CHF, CHN, EUR, GBP, HKD, JPY, NZD, SGD, USD |
Both |
|
Name |
Best For |
Countries |
Currencies |
iOS/ Android? |
|
Non-bank mobile wallets |
||||
|
AliPay |
Global Online Payment Protection |
Global |
SGD, RMB |
Both |
|
FavePay |
Daily Purchases |
Singapore, Malaysia |
SGD, MYR |
Both |
|
Google Pay |
Sending payment with chat function (Also enjoy scratch cards that give cashback) |
Global |
Multiple currencies |
Both |
|
GrabPay |
Ride-Hailing, Daily Purchases |
Southeast Asia |
SGD |
Both |
|
Huawei Pay |
Payments using Huawei devices |
Global |
Multiple currencies |
Both |
|
NETSPay |
To pay by NETS, completely contactless and digital |
Singapore |
SGD |
Both |
|
SingTel Dash |
Mobile contactless payments with Dash Visa virtual card |
Singapore |
SGD |
Both |
|
WeChat Pay |
Global Payment, Transactions between friends |
Global |
RMB |
Both |
|
Name |
Best For |
Countries |
Currencies |
iOS/ Android? |
|
Multi-currency mobile wallets |
||||
|
Travelling |
Worldwide |
150 Currencies |
Both |
|
|
Travelling |
Worldwide |
14 Currencies |
Both |
|
|
Wise |
Spending, receiving internationally |
Worldwide |
40 Currencies |
Both |
There are many mobile wallet options, and largely, they fall into two categories: bank-owned wallets and non-bank wallets. “Best” is subjective, but one way to assess the “best” wallet would be to see how widely accepted they are, not just in Singapore, but across the region when it comes to making and receiving payments, as well as how easy they are to use.
DBS Bank's PayLah mobile wallet stands out not only for its standard features and benefits, but also for its value-added exclusive privileges.
For example, DBS PayLah also offers worldwide protection for your phone against loss, theft, and accidental damage (covers unauthorised transactions and usage of airtime/data, reimbursement of withdrawn cash due to robbery, and replacement of personal documents); and a travel insurance plan (covers pre-existing medical conditions, baggage loss or damage of up to S$8,000, overseas medical expenses of up to S$1 million, and emergency medical evacuation of up to S$1 million).
Strengths and weaknesses of bank-owned mobile wallets
DBS PayLah!
Most Singaporeans have a DBS or POSB account, so it stands to reason that DBS PayLah! is the most widely used and accepted mobile wallet. You can send or request funds from anyone, including non-DBS/POSB customers, via a simple mobile phone number. That's right — you no longer need to know the bank account number of the recipient, or deal with things like SWIFT or branch codes. With DBS PayLah!, you can also:
-
Use QR Codes and Payment Links to pay a merchant
-
Scan to Pay at NETS Terminals
-
Browse DBS-featured merchants on the app
-
Split bills with friends
-
Pay to over 58 billing organisations
-
Face/Touch ID/fingerprint authentication
What makes DBS PayLah! stand out is its auto debit feature from your linked bank account when your mobile wallet balance is insufficient. It can also send WhatsApp notifications when you send or request funds.
Furthermore, the DBS Lifestyle app is integrated into the DBS PayLah! app. This means a single, all-in-one app for all DBS users for PayLah! transactions, deals, rewards, card statements and more. There have been exclusive promotions for DBS/POSB credit card members too, especially during the festive seasons.
OCBC Pay Anyone
OCBC customers can request money or send money to anyone via a personalised QR code; make NETS QR purchases up to a daily limit of S$1,000; and pay for your dining, shopping, and transport needs via QR code at NETS terminals at partner merchants.
Using OCBC Pay Anyone allows you to pay anyone in Singapore as it has a wide range of OCBC partner merchants across major categories such as cinemas, retail shops, convenience stores, food and beverages, and wellness and beauty, including Cathay Cineplexes, TADA, and Koufu.
Some downsides to consider are the daily transaction limit of S$1,000, and that OCBC Pay Anyone isn’t widely accepted across the region yet.
Strengths and weaknesses of non-bank mobile wallets
AliPay
AliPay is a global payment platform with over 400 million users around the world to make secure online payments.
Backed by Chinese tech giant Alibaba, AliPay uses the most advanced encryption technology to ensure personal information and online payments are protected and never compromised by any third party. AliPay promises full amount reimbursement, 90-day payment protection, and response within 5 business days after receiving your complaint for any unauthorised transactions using your AliPay account.
Moreover, AliPay offers a full refund if you do not receive your order, and allows you to either return or keep items that are not as described for a refund. You can open an Alipay account in Singapore, but you need a Chinese mobile number and a Chinese credit card in order to transfer funds to your Alipay mobile wallet.
In Singapore, AliPay is widely accepted at international restaurants or merchants targeted at Chinese tourists.
FavePay
FavePay is a fast and easy way to pay with your mobile device and get instant cashback from your favourite merchants. FavePay accepts all debit/credit cards (e.g. Visa, MasterCard, American Express), PayPal, Boost Payment, Air Asia Big Points, GrabPay (available in Singapore only), and Alipay (applicable for selected FavePay partners only).
You can also receive online payments from banks (available in Malaysia only): RHB Now, Affin Bank, Am Online, Bank Islam, CIMBClicks, Maybank2u, Public Bank, OCBC Bank, and Hong Leong Connect.
Currently, the FavePay payment option is only available at partner merchants in Singapore and selected Malaysian cities (e.g. Ipoh, Penang, Kuching, Klang Valley, Johor Bahru, and Kota Kinabalu).
See also: Fave Promo Codes in Singapore
Google Pay
Google Pay allows you to commute, pay for your purchases, split the bill, and more. Google Pay is popular for its promotional rewards, such as scratch cards that offer users a chance to win cashback on transactions.
The app supports a variety of payment methods, including linked bank accounts (such as DBS PayLah!, OCBC, and Standard Chartered) or debit and credit cards. You can also set your PayNow-linked bank account as the default option to receive money seamlessly.
Paying with Google Pay is simple — just scan the PayNow SGQR code at participating merchants or tap your phone at contactless terminals where accepted. Beyond payments, you can also use the app to order food, book movie tickets, and enjoy exclusive deals and limited-time offers, all within the Google Pay app.
GrabPay
GrabPay is best known to regular users of Grab since you can just top up prepaid GrabPay credits for your Grab rides. Moreover, you can send or receive GrabPay credits to others without a hitch.
When you link your debit or credit card for payment, you will also earn card benefits and reward points on your Grab ride. Check out this article on the 7 credit cards to use for Grab rides.
GrabPay is rapidly adding and growing its network of partner merchants, as well as adding services like GrabFood, GrabDelivery and even hotels and e-scooter services on its platform to expand the use of its e-wallet.
See also: GrabPay Mastercard vs Other Credit & Debit Cards
Huawei Pay
Huawei Pay is a way for you to make contactless, cashless payments with your Huawei or Honor device.
Much like how you would tap your Apple Watch or your phone near a payment terminal, you can do the same with your Huawei device. Simply add your bank cards to Huawei Pay to pay in stores with a tap.
However, the banks supported by Huawei are limited, currently allowing UnionPay credit, debit and prepaid cards issued by their partner financial institutions.
NETSPay
Paying by NETS? Whipping out your NETS card for payments will now be a thing of the past. With NETSPay, you can now pay by NETS with a tap of your phone.
NETSPay is a mobile application which allows you to make digital payments via your DBS, POSB, OCBC and UOB NETS Bank Cards. Simply download the NETSPay app, digitise your NETS bank cards into the app, and you're all set!
Simply tap with your mobile phone or scan the QR code to pay, no PIN required for transactions S$100 and below. When shopping online, you can also use NETSPay to pay via the QR code presented on the checkout page.
SingTel Dash
An all-in-one mobile wallet, it allows you to top up your Dash account or other Dash accounts with no admin fees. You can use your Dash wallet to pay via partner merchants in Thailand and Japan, and Visa payWave partner merchants worldwide. SingTel Dash also allows you to transfer funds within Singapore and to India, China, Myanmar, Indonesia, Malaysia, Philippines and Bangladesh.
Previously, the only way to use Dash was to scan the Dash QR code found at merchant cashiers. Now, Dash comes with a Dash Visa Virtual Card that allows you to tap your phone and pay wherever Visa contactless is accepted. This means paying with Dash when you commute, when you do your grocery shopping and more!
You can also use your Dash Visa Virtual Card to shop online — just enter your card details at checkout like you would with any Visa card.
The best part? You can earn reward points per dollar when using Dash, whether it's for your purchases or remittance. These Dash points can be used to exchange for rewards such as Grab, Cold Storage, Sephora or Zalora vouchers! However, do note that Dash points expire one year from the date of issuance.
You can even grow your savings and be insured at the same time with Dash EasyEarn.
WeChat Pay
WeChat Pay is an integral part of the daily lives of Chinese consumers as it enables them to make payments anytime and anywhere with just their mobile phone.
WeChat Pay has made the physical wallet obsolete in China as it’s supported and accepted almost everywhere, including taxis, supermarkets, restaurants, and hospitals. WeChat Pay also connects overseas vendors directly to Chinese consumers. When Chinese consumers buy goods in a foreign country, they can follow vendors’ Official Accounts to pay for their transactions.
WeChat Pay can also handle multiple payment methods via Quick Pay, QR Code, In-App Web-Based, or Native In-App Payment. This beats other mobile wallets which might just support QR codes or contactless payment terminals.
In addition, WeChat Pay supports major foreign currencies. Customers pay in Chinese renminbi (RMB), but the transaction is then settled in a foreign currency, with the spot exchange rate being determined by WeChat Pay's partner settlement banks. The drawback of WeChat Pay is that it’s still mostly targeted at Chinese consumers rather than an international crowd.
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SingSaver Team
At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.