7 Best E-Wallets in Singapore (2026)
E-wallets and mobile payment apps in Singapore from MAS-regulated payment institutions and banks, with features as each provider describes. Check terms.
- Edited by
- Amir Wahab
- Published
- Reading time
- 6 min read
AI image by LocalRankAn e-wallet stores money in an app so you can pay by QR code, online checkout or tap, send money to others and settle bills. This page lists seven wallet apps available in Singapore, covering a bank-run wallet and wallets run by payment institutions that MAS lists in its public Financial Institutions Directory. Each entry describes what the provider's own pages say the wallet does and how it is regulated, as the provider states it. We do not publish fees, limits, cashback or promotions because they change, and the order is editorial grouping, not a ranking. This is a directory, not financial advice, so read the current terms on each provider's site.
1. DBS PayLah!
DBS PayLah! is a mobile wallet app run by DBS Bank, which MAS lists in its Financial Institutions Directory as a local bank. DBS describes PayLah! as an everyday app for funds transfers, Scan and Pay, bill payments and in-app or online purchases, and its support pages say it works with NETS, PayNow, FavePay and SGQR codes. The bank's FAQ says registration needs either a DBS or POSB digibank login or a Singpass account, and that the app cannot deposit or withdraw cash. The same FAQ says the PayLah! balance is covered by SDIC deposit insurance together with other DBS deposits; read the scheme terms for what that means. Check current features and terms on DBS's own PayLah! page.
2. GrabPay Wallet
GrabPay Wallet is the stored-value wallet inside the Grab app, offered by GPay Network (S) Pte Ltd, which MAS's Financial Institutions Directory lists as a major payment institution. Grab's own page calls it a licensed e-money wallet holding a topped-up balance, and says you can fund it by card or PayNow without needing a card to start. The page lists in-store payment by scanning a merchant's QR code, online checkout with a mobile number, and transfers between users. It also states that its operator has self-assessed against the Payments Industry Code of Conduct. Because it sits inside a wider app, check how the wallet is presented to you, and read its current terms on Grab's website before topping up.
3. ShopeePay
ShopeePay is the digital wallet inside the Shopee app, issued by ShopeePay Private Limited, which MAS's Financial Institutions Directory lists as a major payment institution. Shopee's help centre describes three uses: online transactions within Shopee, offline transactions at merchants that accept ShopeePay, and receiving or sending payments to contacts, including withdrawing funds to a bank account. Its help articles also cover topping up the balance, including by PayNow, and paying at merchants by scanning a QR code. The help pages we read did not themselves name the MAS licence, so we rely on the directory entry for that point. Check the help centre for current top-up methods, verification steps and terms before relying on it.
4. EZ-Link Wallet
EZ-Link Wallet is a prepaid e-money wallet inside the SimplyGo app, operated by SimplyGo Pte Ltd, which MAS's Financial Institutions Directory lists as a major payment institution. SimplyGo's FAQ describes the wallet as a place to keep prepaid electronic money and states that the company, as a licensed major payment institution, must follow Payment Services Act rules, including identity verification through MyInfo for higher balances. Its wallet page says the wallet can be used for online, in-store and overseas payments, with a Mastercard for contactless and online checkout, SGQR support, and tap to pay on Android through Google Pay. Because it began as a transit brand, confirm which features apply to your phone and read the current terms on SimplyGo's site.
5. Dash
Dash is a mobile wallet app run by SingCash Pte Ltd, which MAS's Financial Institutions Directory lists as a major payment institution, and its FAQ states that Dash is regulated by MAS. Its website describes an all-in-one wallet for paying with a Visa virtual card, commuting with a tap, transferring money locally, remitting overseas, paying bills and topping up prepaid accounts. The FAQ lists several ways to top up, including PayNow, bank transfer and retail outlets, and says the wallet is open to people with a Singapore mobile number. Dash is also tied to remittance services with its own terms, so read the wallet and remittance terms separately on the Dash site, and use the customer support details it publishes.
6. YouTrip
YouTrip is a multi-currency wallet app with a Mastercard, issued by You Technologies Group (Singapore) Pte Ltd. The company's site says it is a major payment institution licensed under the Payment Services Act by the Monetary Authority of Singapore, and the MAS Financial Institutions Directory lists it as a major payment institution. The site presents YouTrip mainly as a travel wallet: it holds several currencies, lets you exchange in the app, and offers a virtual card that works with Apple Pay and Google Pay. Sign-up is in the app, using MyInfo or manual identity checks, as the site describes. It is more of a travel and overseas spending wallet than a local transit tool, so confirm it suits your use.
7. PayPal
PayPal is a long-running online wallet, offered to Singapore users by PayPal Pte. Ltd. Its Singapore site states that the company is licensed by MAS as a major payment institution under the Payment Services Act, and the MAS directory lists it as such. PayPal describes itself as an e-money account service for sending and receiving money, where you can link a bank account, credit card or debit card and may also hold a balance. Its app page highlights storing cards, adding or editing payment methods, and real-time notifications. Whether it suits in-person payments depends on the merchants and payment methods you use, so check where it is accepted. Fees differ by transaction type, so read PayPal's fee pages and user agreement before use.
How to choose
- Check who runs the wallet and how it is regulated. Look for the operating company's name in the app or terms, then confirm it appears on the MAS Financial Institutions Directory. Payment institutions and banks follow different rules, and a brand name on an app does not by itself tell you which entity holds your money.
- Read how your stored balance is protected. A wallet balance held with a payment institution is generally treated differently from a bank deposit, and protection schemes differ by provider. Look for the provider's own statement on safeguarding or deposit insurance, and ask support if the wording is unclear before you load meaningful amounts.
- Compare features against how you actually pay. Some wallets are built for in-store QR payments, others for online checkout, travel spending or sending money to contacts. Check the provider's page for the specific functions you need, and whether they depend on a linked card, a bank account or extra identity verification.
- Understand fees, limits and top-up methods from the provider's current terms. These change often and can depend on how you verify your account or fund the wallet. Read the fee schedule and terms and conditions directly, note any dormancy or withdrawal conditions, and keep screenshots of the terms you agreed to.
- Look at security and support before you rely on a wallet. Check what sign-in options, notifications and card or wallet locking tools the app offers, how to report fraud, and which support channels are published. Use only official app stores and the provider's own website, and never share one-time passwords with anyone.
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Founder and Editor
Amir Wahab is the founder and editor of LocalRank, an independent Singapore rankings and local guides publication.
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