Payment rail · Singapore
Payment rail · SingaporeWhat is MEPS+?
MEPS+ — the MAS Electronic Payment System — is the Monetary Authority of Singapore’s own real-time gross settlement system for Singapore-dollar interbank payments. Poplin pays out to Singapore over MEPS+, settling in real time.
Source: Monetary Authority of Singapore (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
Which rail reaches…
Which rail reaches your recipient?
No destinations match that search.
A payout to Singapore clears fastest over
FAST
settles in real time · 0.75% + $1.00 on a business account
Also reaches SGD accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over MEPS+ — and what Poplin charges to send.
Settlement
Real time
clears in seconds
Reaches
1
country — Singapore
Paid out in
SGD
Singapore dollar
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How MEPS+ payouts move.
From your US-dollar balance to an account in Singapore — four steps, seconds end to end.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Singapore dollars at the mid-market rate — no markup added.
Cleared over MEPS+
Poplin clears the payout over MEPS+, Singapore’s central-bank RTGS system.
Arrives in seconds
The money lands in the recipient’s account in Singapore in seconds.
// coverage
Where MEPS+ reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
MEPS+ — FAQ
Basics
What is MEPS+?
MEPS+ — the MAS Electronic Payment System — is the Monetary Authority of Singapore’s own real-time gross settlement system for Singapore-dollar interbank payments. Poplin pays out to Singapore over MEPS+, settling in real time.
Speed
How long do MEPS+ payouts take?
Over MEPS+, Poplin payouts settle in real time. Payments leave your account in seconds; MEPS+ then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over MEPS+ with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over MEPS+?
MEPS+ is how Poplin pays out to Singapore, in SGD. Poplin also reaches Singapore over FAST (SGD) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Singapore over MEPS+.
Open a US-dollar account in minutes. No monthly fees.