PayPal Complete Payments is now available for all businesses in Singapore. The full-stack payments solution is tailored for small and medium businesses (SMBs) and large enterprises to extend their reach globally, allowing merchants to accept payments from customers in over 200 markets while reducing complexity and managing risk, with just a single customisable integration.
"PayPal Complete Payments will give businesses here access to an extensive suite of new tools which will help them sell more effectively to global customers, in just one integration. It will also help businesses optimise their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure,” says Nadia Syed, senior vice president, international cross border trade and general manager Asia Pacific, PayPal.
“Our latest product for businesses in Singapore is designed to help businesses boost customer conversion, drive revenue growth, and streamline
operations—all while enhancing fraud protection, improving cost efficiencies, and simplifying cross-border transactions," she adds.
Amid a complex global trade environment, marked by higher tariffs and growing protectionism, cross-border commerce remains a vital growth engine for Singapore-based businesses. The recent developments have prompted calls for Southeast Asia companies to reassess their supply chains and explore new markets.
The strategic shift toward trade corridor diversification highlights the increasing importance of partnering with a global payments leader such as PayPal in accessing over 200 markets. This includes offering locally relevant alternative payment methods, which are growing in popularity around the world. Providing this flexibility is key to driving conversion, given 70% of consumers consider the availability of their preferred payment method crucial to choosing where to shop.
PayPal Complete Payments includes multiple features which will help businesses reach and engage customers around the world. These include options for consumers to choose how they pay, which can help drive checkout conversion – whether with globally-recognized methods like PayPal, Apple Pay® and Google PayTM️, American Express, Visa and Mastercard credit or debit cards, or locally-accepted alternative payment methods such as Alipay, iDEAL and BLIK.
Another new feature is the ability to present prices in local currencies familiar to consumers wherever they are. PayPal Complete Payments also helps businesses optimise their cash flow by enabling rapid settlement for transactions in minutes instead of days while also allowing them to hold multi-currency balances, reducing foreign exchange exposure.
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PayPal Complete Payments enables eligible businesses to allow their customers to securely store their payment methods in the PayPal vault for future purchases. This provides a seamless shopping experience for consumers, and helps businesses reduce transaction declines, drive conversions and facilitate repeat buyers.
Customers of businesses can save multiple payment methods – from PayPal to cards – in the PayPal vault. To help keep these payment methods up to date, PayPal supports features like real-time account updates, which can refresh card details when they are lost, stolen, or expired.
To help keep businesses secure in an environment where fraud is on the rise, PayPal Complete Payments offers Fraud Protection and Seller Protection on eligible transactions. PayPal has integrations with several e-commerce platforms – including Adobe Commerce, Big Commerce and WooCommerce – which make it easier for their customers to quickly take advantage of these solutions.
