Shopee's official wallet, mainly for in-app purchases on Shopee, P2P transfers and bill payments, extended to offline merchants via SGQR in 2025. Best for heavy Shopee shoppers; of limited value to tourists.
!Not a bank. ShopeePay is regulated by the Monetary Authority of Singapore under the Payment Services Act; wallet balances are e-money, not deposits, and are not deposit-insured. As of 2026 the service is still operating in Singapore (not wound down), and since June 2025 it can scan NETS QR codes via SGQR for offline merchant payments.
You can register, but it is of limited use to visitors. You need a Singapore mobile number to open a Shopee account and activate ShopeePay; verification runs mainly through Singpass (MyInfo auto-fill, instant for residents and pass holders). Tourists without Singpass generally cannot complete full KYC and are left with a very low-limit basic wallet, and offline acceptance is well behind GrabPay.
No mandatory minimum; unverified accounts have very low limits, so start small｜Opening and top-ups are generally free; PayNow reloads carry no extra charge. Check the app for current promos and fee schedules.
Subject to the Payment Services Act: e-wallet balances are capped at S$5,000, with lower caps for unverified accounts (see the app for current figures). Balances are e-money and are not deposit-insured.
You can register, but it is of limited use to visitors. You need a Singapore mobile number to open a Shopee account and activate ShopeePay; verification runs mainly through Singpass (MyInfo auto-fill, instant for residents and pass holders). Tourists without Singpass generally cannot complete full KYC and are left with a very low-limit basic wallet, and offline acceptance is well behind GrabPay.
Local bank account: Not required. Items typically needed: A Singapore mobile number; A Shopee account; Singpass (for residents and pass holders); A local bank account or card for PayNow top-ups.
Typically: A Singapore mobile number; A Shopee account; Singpass (for residents and pass holders); A local bank account or card for PayNow top-ups.
How to sign up: Fully online — activate ShopeePay inside the Shopee app and verify via Singpass (Activation takes about 5 minutes; Singpass verification is instant). Steps: 1) Download Shopee and register with a Singapore number 2) Tap the ShopeePay icon on the home page or under Me 3) Tap Activate ShopeePay and accept the terms 4) Complete verification via Singpass 5) Set a ShopeePay PIN or biometrics 6) Top up via PayNow and pay in-app or by scanning in store Fees: Opening and top-ups are generally free; PayNow reloads carry no extra charge. Check the app for current promos and fee schedules.
Subject to the Payment Services Act: e-wallet balances are capped at S$5,000, with lower caps for unverified accounts (see the app for current figures). Balances are e-money and are not deposit-insured.
E-wallet rules change often — always follow the latest instructions in the official app.