HitPay scales to $25B
- Singapore payments startup HitPay says it now processes about $25 billion in annualized payments. (x.com) - The company supports 40+ APAC payment methods, positioning itself against incumbents like Stripe and Airwallex despite smaller funding. (x.com) - Observers frame this as evidence Asian payments players can win volume through local rails and broad method coverage. (x.com)
HitPay says it is now processing about $25 billion in annualized payments, a sharp jump for a Singapore startup focused on Asia-Pacific merchants. (beamstart.com) The company’s own developer docs, updated April 17, 2026, say HitPay lets merchants accept 40-plus payment methods through one integration across markets including Singapore, Malaysia, the Philippines, Indonesia, Thailand, Hong Kong, Australia, and New Zealand. (docs.hitpayapp.com) Those methods include PayNow in Singapore, FPX in Malaysia, QRIS in Indonesia, PromptPay in Thailand, GrabPay, DuitNow, and major card networks. HitPay also says it offers online checkout, point-of-sale terminals, invoices, recurring billing, and cross-border QR payments on the same stack. (docs.hitpayapp.com) The pitch is local payment coverage, not just card acceptance. In much of Southeast Asia, merchants need bank-transfer rails, national QR schemes, and wallets that vary by country, so a single provider that stitches them together can win businesses that sell across borders. (docs.hitpayapp.com) HitPay was founded in 2016 in Singapore by Aditya Haripurkar and Nitin Muthyala, according to Y Combinator. Y Combinator says the company unifies e-commerce, point of sale, and business-to-business payments on one platform. (ycombinator.com) The company is still much smaller than the global platforms it competes with. Stripe said businesses on its platform generated $1.9 trillion in total volume in 2025, while Airwallex said in May 2025 that it had exceeded $130 billion in global annualized payments volume. (stripe.com) (airwallex.com) Funding is smaller too. Tracxn lists HitPay at about $15.9 million raised, while Airwallex said its May 2025 Series F brought its total funding to more than $1.2 billion. (tracxn.com) (airwallex.com) Regulation is part of the scaling story. HitPay says it is licensed as a Major Payment Institution in Singapore, and the Monetary Authority of Singapore says major payment institutions face tighter requirements because of the scale and risk of their operations. (hitpayapp.com) (eservices.mas.gov.sg) HitPay’s latest claim suggests there is still room in Asian payments for companies built around local rails rather than a card-first global template. The next test is whether that regional model can keep compounding as larger rivals push deeper into in-person payments, cross-border acceptance, and software for merchants. (techcrunch.com) (docs.hitpayapp.com)
