In today’s fast-evolving regulatory and business environment, accounting and corporate secretarial firms in Singapore are under mounting pressure to remain compliant, manage real-time cash flows, and reduce administrative overhead—all while delivering a smooth client experience.
With Singapore’s digital payments market projected to double to USD 180 billion by 2029, and Southeast Asia’s digital economy expected to surpass USD 1 trillion (1), modernizing your payment workflows isn’t just a nice-to-have—it’s mission-critical.
Why Modernize Your Payment Workflows?
Whether you handle incorporation packages, compliance filings, or ongoing accounting retainers, traditional methods such as manual invoicing and bank transfers often cause delays, errors, and client friction.
By upgrading to a modern payment infrastructure, firms can streamline operations, improve cash flow visibility, and enhance the client experience.
⚙️ Automate Invoicing and Collections
API-First Integrations
Instantly generate payment links the moment an invoice is created in Xero, QuickBooks, or your in-house billing system—no more manual copy-pasting. Clients receive ready-to-pay links via SMS, email, or WhatsApp, complete with pre-filled amounts and multiple payment options.
Webhooks for Real-Time Sync
Automatically update your ERP or CRM when payments succeed, refunds are processed, or subscriptions renew. This drastically reduces reconciliation time and provides instant cash flow visibility.
💳 Offer More Payment Options & Accelerate Collections
Multiple Payment Methods
Accept credit/debit cards (domestic and international) and PayNow via a single Razorpay integration. Giving clients flexible options reduces drop-offs and speeds up payment cycles.
QR-Based PayNow Payments
Clients can simply scan a QR code and pay using their mobile banking app—creating a frictionless, familiar experience for Singapore-based customers.
Auto Reminders & Expiry Controls
Configure automated payment reminders and link expiry settings to prompt clients before due dates and minimize late payments.
🔁 Simplify Recurring Billing & Retainer Management
Retainer Plans Made Easy
Automate monthly or quarterly retainers through scheduled billing. For variable or usage-based services, dynamically add charges via API.
Automated Invoicing
Each billing cycle automatically generates a branded, professional invoice, reinforcing your firm’s credibility while reducing manual work.
🔌 Seamless Integrations for E-Commerce & Client Portals
Out-of-the-Box Plugins
Integrate with platforms like Shopify, WooCommerce, and Magento to enable direct payments from client dashboards or portals.
Mobile SDKs & Hosted Checkout Pages
Embed Razorpay’s secure checkout experience within your web or mobile app using developer-friendly SDKs—complete with your firm’s branding.
🔒 Enterprise-Grade Security & Local Support
Compliance Built-In
Razorpay is PCI DSS, GDPR, and ISO 27001 certified, ensuring that both your firm’s and your clients’ data meet global security standards.
Singapore-Based Support
Access responsive, local support to help you onboard quickly, resolve issues efficiently, and maintain business continuity.
💰 Transparent & Competitive Pricing
Provider
Domestic Cards
International Cards
PayNow
Razorpay
2.9% + S$0.40 per txn
3.1% per txn (3.3% for Amex)
0.90% per txn
Stripe
3.4% + S$0.50 per txn
3.9% + S$0.50 per txn
1.3% per txn
Airwallex
3.3% + S$0.50 per txn
3.6% + S$0.50 per txn
1.0% per txn
PayPal (Online Card Payments)
3.4% + S$0.50 per txn
4.1% + S$0.50 per txn
Not available
Sources:
(1) Future of Payments in Southeast Asia – Razorpay
(2) Stripe vs. Airwallex – Airwallex Blog
(3) PayPal Merchant Fees – PayPal Singapore
(4) Stripe Singapore Pricing
🚀 Ready to Upgrade Your Payment Systems?
If you’re looking to digitize and streamline payment workflows across your accounting or corporate secretarial firm, we can help.
📅 Book a consultation: https://calendly.com/nag-elevatespot
📧 Email us: info@elevatespot.sg