Revolut Business has introduced a comprehensive merchant acquiring solution in Singapore, encompassing online, in-store, and mobile payment acceptance within its business platform.
This suite includes four key products: Revolut Terminal for physical card processing, Revolut Pay for one-click payments, Payment Links for immediate payment requests, and a Payment Gateway for seamless integration with websites and applications. The package is designed for businesses aiming to streamline their payment operations onto a single platform, reducing reliance on multiple third-party providers.
Transaction Fees and Settlement Mechanism
The service offers transaction fees starting at 0.5% plus USD 0.016 (SGD 0.02) per transaction, with no additional charges for successful refunds. The system supports 24/7 settlement cycles, including weekends, and handles transactions in over 30 currencies, allowing businesses to hold and settle funds in various currencies to minimize foreign exchange costs.
The infrastructure features continuous fraud monitoring and AI-driven risk controls, boasting a reported 99.99% uptime for the platform. Merchants can also tap into Revolut’s retail customer base of over 70 million users globally through the Revolut Pay checkout option.
Market Growth in Singapore
Between 2024 and 2025, Revolut Business experienced substantial growth in Singapore. According to company data, customer numbers nearly quadrupled, daily transaction volumes increased tenfold, and the number of daily payments rose more than sixfold during this period. The launch of these merchant solutions was prompted by research conducted by Revolut with YouGov, indicating that over 80% of businesses based in Singapore view finance and administration as their most time-consuming operational area.
The merchant acquiring suite is currently utilized by well-known brands such as Booking.com, Vueling, Kiwi, and Wizz Air. The Singapore launch underscores the growing demand for integrated payment infrastructure among merchants operating across multiple sales channels.
This platform helps businesses reconcile their sales, manage foreign exchange payments, issue team cards, and access performance analytics from a single account used for payment acceptance. Ashley Thomas, Head of Strategy & Operations at Revolut Singapore, emphasizes the company’s dedication to providing a cohesive ecosystem that enables merchants to focus on expanding their operations rather than managing hardware-based transactions.
