Buy Now Pay Later in Singapore has thinned out to three real players. Pace went into liquidation, ShopBack PayLater (and hoolah) shut on 22 March 2024, LatitudePay left on 19 April 2024, and Klarna has no Singapore consumer service. We compared what is actually left, Atome, Shopee SPayLater and Grab PayLater, on instalment terms, fees, late charges and eligibility.
Buy Now Pay Later in Singapore is down to three apps, and on all three the fee that actually bites is the late fee, not the interest.
> Quick view: Atome for the widest merchant coverage, Shopee SPayLater for the smallest penalty (S$5 a month while a bill is overdue), Grab PayLater for everyday Grab spend. Late fees run S$5 to S$30 per overdue instalment. Catch: only Shopee accounts opened before 23 Oct 2024 can apply for SPayLater.
Headquartered in Singapore under Advance Intelligence Group, Atome is the BNPL you will meet at the most checkouts. Its own site lists thousands of retailers across the region, online and in-store, with Sephora, ZARA, SHEIN, ZALORA, Charles & Keith, Coach, Marks & Spencer, Pandora, Samsung, Dyson, Under Armour, TANGS, L'OCCITANE, innisfree, Secretlab, Agoda and Cathay Pacific among the named brands. Pay-in-3 is interest-free. Pay-in-6 can carry a one-off processing fee of up to 3% of the order value, charged in full on your first bill and inclusive of GST. Pay-in-9 and pay-in-12 replace it with a 0.75% monthly processing fee on the full purchase value: Atome's own worked example puts a S$900 order at S$60.75 extra over 9 months and S$81 extra over 12, so the 0% applies to the short plan only. Late payment costs a S$15 admin fee per bill for orders under S$1,000 and S$30 for orders above it. Atome's help centre states the fee applies to each overdue payment and publishes no per-transaction cap, so a pay-in-6 with three missed instalments costs S$45. Two smaller fee details are worth knowing: from the second repayment onwards, American Express repayments carry a S$1 card processing fee (waived on Visa, Mastercard and UnionPay), while repaying by PayNow earns a discount on the principal portion of the bill, though not on admin or processing fees. Budget for a variable first payment too: Atome says it sometimes raises the down-payment based on your account activity, transaction history and the item you are buying, so a three-way split is not always three equal thirds. Minimum spend is S$1.50, and the Atome+ loyalty layer adds cashback and rewards. Holds the BNPL Trustmark to 30 April 2027. Best for: anyone who wants a single BNPL that works across fashion, beauty, electronics and travel.
Pay-in-3 interest-free. Pay-in-6 carries a one-off fee of up to 3%; pay-in-9 / 12 charge 0.75% per month instead. Late fee S$15 per bill (S$30 for orders over S$1,000), charged on every overdue instalment, no published cap. PayNow repayments earn a discount on the principal.
Monee's BNPL is built into the Shopee app and also works at participating ShopeePay merchants, which makes it the default for anyone whose online spending already runs through Shopee. Monee is Sea Limited's fintech arm, renamed from SeaMoney in 2025, and SPayLater is issued by Monee (Credit) Singapore Pte Ltd. Tenures of 1, 3 and 6 months are 0% at participating sellers; 12 months costs 0.5% per month; 18 and 24-month tenures (rolled out in phases) cost 1% per month; and at non-participating sellers a rate of up to 1% per month applies across 6 to 24 months. The standout is the penalty: the late payment charge is just S$5, the lowest of the three. Read the small print on it, though. Shopee's help centre states the S$5 is charged for each month the payment stays overdue, so it repeats rather than capping out, and SPayLater checkout is suspended while you are late, with further account restrictions possible for prolonged non-payment. Repaying through ShopeePay or PayNow, whether automatic or manual, carries no handling fee at all; only manual repayment by credit or debit card adds a S$1 handling fee. Eligibility has a hard gate most roundups miss: Shopee's own help centre states that only users with a Shopee account that existed **before 23 October 2024** are eligible to apply, and approval is then assessed in-app from your account history, so an account opened after that date cannot get SPayLater at all. The 18 and 24-month tenures are also unavailable at offline merchants and on purchases under S$50. Monee (Credit) Singapore holds the BNPL Trustmark to 30 April 2027. Best for: regular Shopee buyers, and anyone who wants the smallest possible penalty if a payment slips.
0% on 1, 3 and 6-month tenures at participating sellers. 12 months at 0.5% per month. Late charge S$5 for each month a bill stays overdue; no handling fee via ShopeePay or PayNow.
Grab Financial's BNPL works across Grab's own services (rides, GrabFood, GrabMart) plus external merchants that accept Grab as a payment method. There are three shapes: pay it all next month, split into 4 monthly payments, or stretch to 8 or 12 monthly instalments. Grab states there is no interest at all, but a processing fee applies to the 8 and 12-instalment options, so the genuinely free versions are the next-month and 4-payment plans. Miss a payment and you pay a S$15 admin fee and your account is temporarily suspended until the outstanding amount is cleared. You earn 0.5% back in GrabRewards points on PayLater transactions. Eligibility is based on your Grab history rather than a bank's: you need to have been a Grab user for at least 6 months, be 18 or above, have a fully verified account, and be on the latest app version. Note Grab's own disclosure that PayLater is not regulated by MAS. It is a BNPL service, not a loan or credit facility. Holds the BNPL Trustmark to 30 April 2027. Best for: heavy Grab users smoothing out monthly rides, food and delivery spend.
Pay next month or split into 4 monthly payments at 0%. 8 or 12 instalments carry a processing fee. Late admin fee S$15. Earn 0.5% back in GrabRewards points.
| App | Interest-free plans | Longer plans | Late fee | Best for |
|---|---|---|---|---|
| Atome | Pay-in-3 | Pay-in-6 up to 3% one-off; pay-in-9 / 12 charge 0.75% per month instead (S$81 extra on S$900 over 12 months) | S$15 per bill (S$30 if order over S$1,000), per overdue instalment, no published cap | Widest retail and fashion coverage |
| Shopee SPayLater | 1, 3 and 6 months at participating sellers | 12 months at 0.5% per month; 18 / 24 months at 1% per month | S$5 for each month a bill stays overdue, plus S$1 handling fee for manual card repayment | Shopee shoppers, lowest late fee, but accounts must predate 23 Oct 2024 |
| Grab PayLater | Pay next month, or 4 monthly payments | 8 or 12 monthly instalments with a processing fee | S$15, account suspended until paid | Everyday Grab rides, food and delivery spend |
Buy Now Pay Later went from "is this safe?" in 2020 to a standard line on Singapore checkout pages, but the field has thinned out far more than most guides admit. Three of the names still being recommended around the web are gone: Pace wound down and went into liquidation, ShopBack PayLater (and hoolah before it) shut down on 22 March 2024, and LatitudePay ceased Singapore operations from 19 April 2024. Klarna, despite the global brand, has no Singapore consumer service at all. klarna.com/sg still does not resolve, and Singapore does not appear on Klarna's own list of countries where Klarna can be used.
What is actually left in 2026 is a three-horse race: Atome, Shopee's SPayLater and Grab PayLater, now competing against a wave of bank-led instalment plans. All three hold the BNPL Trustmark awarded by the Singapore FinTech Association on 19 April 2024, effective 1 May 2024 and valid until 30 April 2027, after an independent assessment by PwC. The underlying BNPL Code of Conduct, launched in October 2022, caps fees, requires affordability checks and transaction limits, and requires providers to share defaulted-debt data with each other.
Used right, BNPL spreads a S$300 purchase into 3 x S$100 at zero interest. Used wrong, a single S$15 late admin fee on a S$60 purchase is a 25% penalty, which is why the late fee column below matters more than the headline "0% interest".
Two names come up often enough to be worth settling.
ABNK does hold the BNPL Trustmark alongside the three ranked above, accredited on the same date and running to 30 April 2027, and it is still listed on the Singapore FinTech Association's public registry as ABNK (Singapore) Pte. Ltd. It also now has a real consumer app: ABNK - Mobile Finance has been on the Singapore App Store since 18 March 2025 and was last updated on 12 August 2026, and it describes exactly what you would expect, splitting a purchase into smaller payments wherever ABNK is accepted. What it still does not have is open sign-up or a published price list. Its old abnk.io address is now a parked lander and the live site is abnk.ai, where the only call to action remains "Get Early Access" and the FAQ still answers "how do I sign up?" with a waitlist and "once we launch". There is no published fee schedule, no named merchant list, and the app carries no user ratings on the Singapore store. That is why ABNK sits in this note rather than in the ranking: worth watching, not yet worth switching to.
Singtel PayLater is real, but it is a different product rather than a fourth general-purpose BNPL: it is device financing for existing Singtel mobile customers, spreading phones, devices, accessories and lifestyle products over 12, 24 or 36 months, billed either through your monthly Singtel bill or through Atome. Where it beats all three apps is length. Singtel states 0% interest and no processing fee all the way out to 36 months, whereas Atome charges 0.75% a month beyond pay-in-6 and SPayLater charges 0.5% to 1% a month beyond 6 months. The catch is the gate. Singtel's own FAQ limits PayLater-via-Singtel-bill to Singaporeans and PRs aged 21 and above (Employment Pass holders are not included) who own a Singtel mobile service and have no late payment history in the last 6 months, and you are capped at three instalment plans per NRIC. On Singtel.com the bill route also requires you to buy the device on a SIM Only Plus plan; in-store, staff assess your options. It will not cover plan subscription fees, add-ons, top-ups or deposits.
MAS does not license or regulate the BNPL scheme itself, and Grab says exactly that in its own disclosure. Be careful with the inverse, though: the companies behind these apps can still be MAS-licensed for other things. Atome's operator, Apaylater Financials, states on its own regulatory page that it is licensed as a Major Payment Institution under the Payment Services Act 2019 (licence PS20200511) for payment services. That licence covers the payments plumbing, not the instalment credit you are taking on. What governs the credit is the BNPL Code of Conduct, drawn up by the Singapore FinTech Association and the industry under MAS guidance, and it carries three protections worth knowing about:
Enforcement sits with an independent oversight committee that investigates suspected breaches, and a provider that breaches the Code can lose its accreditation. As at MAS's February 2025 written answer to Parliament, no breaches had been reported to the SFA. For scale: BNPL accounted for roughly 1% of the value of all credit and debit card payments in Singapore in the first half of 2024, and MAS has said it continues to monitor the sector and will review its regulatory framework as appropriate.
Use one app, not three. A single repayment view is the whole point, and juggling three due dates is how people miss one. Set auto-debit on an account you can guarantee will have funds on the due date. If you are on Atome, repay by PayNow where you can: Atome gives a discount on the principal portion of the bill for PayNow repayments, and it costs nothing, while Amex repayments add S$1 from the second instalment onwards. Keep BNPL for one-off discretionary purchases (electronics, fashion, travel) where spreading the cost genuinely helps cash flow, and keep it away from groceries, utilities and anything recurring, because those should not be paid later. And read the tenure carefully: the interest-free promise on every one of these apps applies to the short plans only.
No, none of them. ShopBack discontinued PayLater in Singapore and Malaysia on 22 March 2024; existing users in good standing could use it until 21 March 2024, and ShopBack now points users to ShopBack Pay, a pay-in-full option with rewards. hoolah was the same service: ShopBack acquired it in 2021 and rebranded it as ShopBack PayLater in July 2022, so it went with it. Pace, the Singapore BNPL founded by Turochas Fuad that raised a US$40 million Series A in 2021, wound down its business and went into liquidation, citing its inability to continue by reason of its liabilities. LatitudePay ceased Singapore operations from 19 April 2024. Klarna is a genuine global BNPL but has no Singapore consumer service; klarna.com/sg still does not resolve, and Singapore is absent from Klarna's own list of countries where Klarna can be used. If a 'best BNPL Singapore' list still recommends any of these, it has not been updated since early 2024.
The short plans are; the long ones are not. Atome's pay-in-3 is interest-free, but pay-in-6 can carry a one-off processing fee of up to 3% of the order value (inclusive of GST, charged on the first bill), while pay-in-9 and pay-in-12 swap that for a 0.75% monthly processing fee on the full purchase value, which is S$81 extra on a S$900 order over 12 months (9%). Shopee SPayLater is 0% on 1, 3 and 6-month tenures at participating sellers, but 12 months costs 0.5% per month, 18 and 24 months cost 1% per month, and non-participating sellers charge up to 1% per month across 6 to 24 months. Grab PayLater charges no interest on 'pay next month' or 4 monthly payments, but applies a processing fee to the 8 and 12-instalment options. Then there are late fees: Atome charges a S$15 admin fee per late bill (S$30 if the order was over S$1,000), and its help centre states the fee applies to each overdue payment with no per-transaction cap published, so three missed instalments on a pay-in-6 is S$45, not S$30. Grab charges a S$15 admin fee and suspends your account until you pay. SPayLater charges S$5, but charges it again for every month the bill stays overdue and suspends SPayLater checkout in the meantime, plus a S$1 handling fee if you repay manually by credit or debit card (repaying via ShopeePay or PayNow is free). On a S$60 purchase split into 3 x S$20, a single S$15 late fee is a 25% penalty. BNPL is genuinely free only if you pay on time.
Mostly not, for now. BNPL providers in Singapore generally do not report ordinary transactions to Credit Bureau Singapore, so paying on time does not build your credit score. But defaulted or written-off BNPL debt can be reported and can damage your CBS score, and the BNPL Code of Conduct requires accredited providers to share defaulted-debt information with each other, so defaulting with one can get you declined by the others. The Code, launched in October 2022 and administered by the Singapore FinTech Association, also caps fees, requires affordability checks, and sets transaction limits. Atome, Shopee's SPayLater (then SeaMoney, renamed Monee in 2025), Grab and ABNK were awarded the BNPL Trustmark on 19 April 2024, effective 1 May 2024 and valid until 30 April 2027, after an independent assessment by PwC. All four are still on the SFA's public registry of accredited providers. Note that Grab states PayLater itself is not regulated by MAS: the Code is industry self-regulation, not a MAS licence.
You do not need a credit card. A Singapore-issued debit card is enough for Atome, which also accepts Apple Pay and PayNow, and SPayLater can be repaid through ShopeePay or PayNow with no handling fee at all. Atome's own requirements are simple: you must be at least 18, with a +65 mobile number, an NRIC or FIN, and a card issued by a financial institution, and the minimum spend is S$1.50. Grab PayLater has the strictest gate but it is based on your Grab history rather than a bank's: Grab requires that you have been an existing Grab user for at least 6 months, are aged 18 and above, have a fully verified account, and are on the latest version of the app. SPayLater has the one genuinely closed door: Shopee's help centre states that only accounts that existed before 23 October 2024 are eligible to apply, so a Shopee account opened after that date will not be offered it no matter how much you spend; approval for older accounts is then assessed in-app from your account history. Whichever you use, set auto-debit on an account you can guarantee will have funds on the due date, because the late fee, not the interest, is what makes BNPL expensive.
