PayPal has extended its Complete Payments platform to all businesses in Singapore, providing a full-stack payments solution to facilitate global commerce for small and medium businesses (SMBs) as well as large enterprises.
This expansion allows merchants to accept payments from over 200 markets with a single integration that can be customised to their needs.
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The service includes a range of payment options, such as PayPal, Apple Pay, Google Pay, American Express, Visa, and Mastercard, along with alternative methods such as Alipay, iDEAL, and BLIK.
According to PayPal, merchants utilising Complete Payments could see an average increase of 4.7 percentage points in card processing authorisation rates.
The inclusion of PayPal Wallet and Apple Pay is also associated with a potential increase of 17% in checkout conversions.
Additionally, it features display of prices in local currencies, presenting costs in a familiar format for customers.
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By GlobalDataThe service aims to optimise business cash flow by allowing “rapid” settlement of transactions and the option to hold balances in multiple currencies, reducing foreign exchange volatility.
PayPal Complete Payments also allows eligible businesses to offer to store their payment methods in the PayPal vault and provides real-time account updates to refresh card details as necessary.
To help maintain security, PayPal Complete Payments includes Fraud Protection and Seller Protection for eligible transactions.
The service is compatible with several e-commerce platforms, including Adobe Commerce, Big Commerce, and WooCommerce.
PayPal Asia Pacific general manager and international cross border trade senior vice president Nadia Syed said: “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.
“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.”
Last week, PayPal partnered with AI startup Perplexity to integrate agentic commerce into the Perplexity Pro platform.
