HitPay, a Singapore-based fintech startup, has reached $2.5 billion in annualised payment volumes with just $18 million in funding. The 35-person company helps businesses accept digital payments across over 40 local payment methods in Asia Pacific. Founded in 2016, HitPay saw growth accelerate in 2020 following a product revamp and post-pandemic industry surge. Its clients include Carousell and GetGo. The company's total payment volumes grew 96 times between 2020 and 2025, with revenue achieving a 131% compound annual growth rate during the same period. HitPay's cross-border transactions feature, launched in June 2025, now processes $50 million monthly. The company competes against well-funded rivals like Stripe and Airwallex, which processed $266 billion in transaction volume last year.

ShopeePay, HitPay unite to streamline digital payments in the Philippines. 0 24 3 minutes read MANILA, PHILIPPINES - ShopeePay, a digital payment and financial services provider in Southeast Asia and Brazil, today announced its integration with HitPay, one of the fastest-growing payment gateways for Philippine SMEs. This integration connects millions of ShopeePay users with thousands of online and physical stores nationwide, spanning a wide range of brands such as Jisulife, Aula Philippines, Chiron Activewear, Mad Bombs, Hale Manna, and Coastal Gardens, among others. Addressing today's digital payment gaps. With digital transactions in the Philippines surging in 2025, payments in the Philippines are still often fragmented for both consumers and merchants, with multiple payment methods and platforms resulting in inconsistent checkout experiences across online and offline channels. This fragmentation also adds complexity to merchants' day-to-day operations, especially for SMEs who often face higher barriers in adopting digital solutions. The ShopeePay-HitPay integration addresses these challenges by bringing a unified, secure, and easy-to-use payment pathway to more Filipinos. This partnership brings together HitPay's robust payment infrastructure and ShopeePay's trusted digital ecosystem to create meaningful value for both consumers and merchants. For ShopeePay users, it expands payment acceptance across more online and offline businesses nationwide, enabling seamless, secure transactions on a familiar, trusted platform. For HitPay merchants, the integration consolidates ShopeePay into a single, streamlined gateway, simplifying operations while unlocking access to a broader, highly engaged user base. This enables improved conversion rates, faster checkout, and more dependable payment collection for common everyday transactions, including subscriptions. Through ShopeePay, Monee's core payment experiences are now supported on HitPay: * ShopeePay Wallet - Fast and easy checkouts using ShopeePay balance * SPayLater - Flexible payment options * MariBank Philippines Inc. (A Rural Bank) - Smooth and secure transactions via a linked MariBank account Strengthening the digital economy together. The partnership between ShopeePay and HitPay reinforces both companies' shared vision of expanding digital financial access and supporting business growth across the Philippines. Hazel Sumampong, Head of Product and Marketing at ShopeePay, shared that this collaboration is a meaningful step toward building a more inclusive payments ecosystem. She noted, "At ShopeePay, we're committed to giving users easy access to digital payment services. We want Filipinos to enjoy fast and secure online and offline payments through a more inclusive digital financial ecosystem. Our integration with HitPay strengthens this mission by making digital payments more convenient for users and more empowering for businesses." Aditya Haripurkar, Chief Executive Officer, HitPay emphasized the partnership's impact on merchants, saying, "We're thrilled to welcome ShopeePay into our merchant ecosystem. With mobile wallets accounting for more than 60% of all retail e-commerce transaction value in the Philippines, this partnership comes at an opportune time. By embedding ShopeePay directly into HitPay, we are enabling our merchants to capture this dominant shift in consumer behavior and connect seamlessly with millions of active ShopeePay users." With the integration now live, HitPay merchants across the Philippines can immediately accept ShopeePay for both online and offline transactions, including one-time and recurring payments. To activate ShopeePay for broader payment capabilities, businesses can contact HitPay at https://hitpayapp.com/ph/contact-us. About ShopeePay. ShopeePay is a digital payment and financial services provider in Southeast Asia and Brazil, offering users and merchants integrated access to everyday financial solutions. Launched in 2015, ShopeePay empowers digital lifestyles by enabling seamless transactions through multiple linked payment methods. It also provides access to value-added financial services through partnerships, including lending, insurance, and investments. For merchants, ShopeePay's payment infrastructure helps streamline operations and capture new growth opportunities in the digital economy. ShopeePay is part of Monee, the digital financial services arm of Sea, a global technology company. Monee's mission is to better the lives of individuals and businesses in Southeast Asia and Latin America by advancing financial inclusion through technology. About HitPay. HitPay is one of the fastest-growing payment platforms for SMEs in Southeast Asia, providing secure payments, smooth payouts, and a suite of easy-to-use business tools that help entrepreneurs operate and grow with confidence. The platform supports online and offline payment acceptance, including cards, e-wallets, bank transfers, and local payment methods across multiple markets. Recognized by Tech in Asia and Statista as one of Singapore's top fintech companies in 2026, HitPay empowers merchants with integrated commerce solutions designed to simplify operations and accelerate business growth.