This guide gives you a quick overview of how international payments work on ipaymy, what to expect, and where to find more details.
🌍 International payments?
ipaymy International Payments allows you to make payments to overseas bank accounts using your credit card for selected countries and currencies.
You can use international payments to:
Pay overseas rent or property-related expenses
Pay international suppliers or service providers
Settle foreign invoices via bank transfer
Payments are sent directly to the recipient’s overseas bank account after FX conversion.
‼️ Note: International Payments is only available to Singapore users.
🔄 How international payments work (at a glance)
The process is simple:
You select the country and currency your beneficiary's bank account is located.
Enter in your beneficiary's bank account details and necessary attachments.
The amount is converted to SGD at the applicable FX rate with fees applied.
Funds are sent to the recipient’s overseas bank account within the estimated time.
👉 For more details, check out this guide at How International Payments Work?
🌏 Supported countries & currencies
🌍 Country / Region | 💱 Supported Currencies |
🇨🇳 China | CNH (Chinese Yuan), USD |
🇭🇰 Hong Kong | HKD, USD |
🇮🇳 India | INR, USD |
🇲🇾 Malaysia | MYR, USD |
🇦🇺 Australia | AUD |
🇳🇿 New Zealand | NZD |
🇯🇵 Japan | JPY, USD |
🇮🇩 Indonesia | IDR, USD |
🇵🇭 Philippines | PHP |
🇦🇪 United Arab Emirates (Newly added!) | AED, USD |
🇹🇭 Thailand | THB, USD |
🇺🇸 United States | USD |
🇨🇦 Canada | CAD |
🇪🇺 Europe* | EUR |
🇬🇧 United Kingdom | GBP |
* Europe includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain
💰 Fees & FX rates (high-level)
International payments may include the following components:
ipaymy fee:
2.4% per transaction (reduced from the previous 2.8% rate)
Bank transfer fee:
A flat SGD 80 fee per international payment
FX rate markup:
Applied to the reference exchange rate at the time of processing
Fund safeguarding fee:
SGD 1 per transaction (applied to support regulatory safeguarding requirements)
Additional fees:
May apply for larger payment amounts or specific corridors, where applicable
You’ll always be able to review the full fee breakdown and estimated FX rate before confirming your payment.
✅ Ready to make an international payment?
You can start an international payment directly from your ipaymy dashboard.
Before you confirm your payment, you’ll be able to:
Review the full fee breakdown
See the estimated FX rate
Check the recipient bank details
If you still have questions, our team is here to help - just reach out via chat and we’ll be happy to assist.