Best corporate virtual cards in Singapore (2026): Fees & features compared

Key takeaways

• Corporate virtual cards let you issue payment cards instantly, set spending limits per card, and track every transaction in real time.

• Not all cards are built for global spending. Some cap multi-currency support, charge hidden FX fees, or lack the expense management tools you might need.

• Airwallex Corporate Cards let you spend directly from held multi-currency balances with 0% foreign transaction fees. You can issue our corporate cards in 60+ countries, and you get 10 free company cards on our free Explore plan.

The best corporate virtual cards in Singapore give you more than a way to pay; they give you control over how your business spends.

You can issue cards in minutes, set limits per employee or project, restrict merchant categories, and see every transaction the moment it happens.

This guide compares 10 virtual card providers available to Singapore businesses in 2026, covering fees, multi-currency support, spend controls, and what each card is actually built for.

What is a corporate virtual card?

A corporate virtual card is a digital payment card issued to a business. It has its own card number, expiry date, and security code, but exists entirely online.

You can use it for online purchases, recurring subscriptions, and in-store payments via Apple Pay or Google Pay.

Unlike a personal virtual card, a corporate virtual card is linked to a business account and comes with controls designed for teams. You can set spending limits, restrict merchant categories, assign expiry dates, and freeze or cancel the card at any moment.

For a deeper look at how the technology works, see our guide on how virtual cards work.

What are the 10 best corporate virtual cards for businesses in Singapore? (2026)

To help you compare your options, here is a summary of the top virtual card providers available to Singapore businesses, followed by a closer look at each one.

This information is based on publicly available information accessed on 11 Sep 2026. Information reflects Airwallex's own research and has not been independently verified.

1. Airwallex Corporate Card

The Airwallex Corporate Card is particularly well suited to businesses with international teams, suppliers, or recurring expenses in multiple currencies.

Its main advantage is that cards, multi-currency accounts, and expense management sit on the same platform, giving finance teams a single place to manage global spend rather than relying on separate card and expense tools.

Features:

• Multi-currency Visa debit cards linked to held currency balances

• 0% international transaction fees when spending from held balances

• Virtual and physical employee cards, plus virtual company cards

• Custom spending limits, merchant-category controls, and instant card freeze

• Multi-layer approval workflows and Expense Policy Agent for automated policy checks

• Real-time expense visibility and receipt management

• Direct integrations with Xero, QuickBooks, and NetSuite

2. Revolut Business Card

Revolut Business is particularly well suited to businesses that want to combine corporate cards with a broader multi-currency business account.

Its strength is giving finance teams a single platform for managing team spending, foreign-currency balances, payments, and expenses, making it a good fit for businesses that operate internationally but want a relatively simple setup.

Features:

• Physical and virtual business debit cards for employees

• Custom spending controls by category, account, currency, and spending period

• Custom spend programmes and approval workflows

• Receipt capture, expense tracking, and reconciliation

• Accounting integrations for syncing expenses and transactions

• Multi-currency business accounts supporting 25+ currencies

Information in this section is based on Revolut’s official website as of 11 Sep 2026.

3. Wise Business Card

The Wise Business Card is particularly well suited to businesses that regularly receive, hold, and spend money in different currencies.

Its main strength is keeping international spending closely connected to Wise's multi-currency account, making it useful for businesses that want to manage foreign-currency balances without relying on a traditional corporate card setup.

Features:

• Multi-currency debit cards for business spending

• Spend in 40+ currencies across 160+ countries³

• 0% foreign transaction fees when spending from a balance in the same currency

• Virtual cards for business spending

• Apple Pay and Google Pay support

• Integration with accounting and expense management tools

Information in this section is based on Wise’s official website as of 11 Sep 2026.

4. YouBiz Corporate Card

The YouBiz Corporate Card is particularly well suited to Singapore businesses that want to earn rewards while keeping control over company spending.

Its standout proposition is the combination of cashback and multi-currency spending, making it appealing for businesses with regular overseas expenses that still want a straightforward corporate card rather than a more extensive spend-management platform.

Features:

• Mastercard corporate debit cards for business spending

• 0% FX fees on eligible foreign-currency transactions

• Multi-currency account

• Cashback on eligible spending

• Unlimited virtual and physical cards

• Custom spending limits and merchant-category restrictions

• Expense management, approval policies, and Xero integration

Information in this section is based on YouBiz’s official website as of 11 Sep 2026.

5. Volopay Corporate Card

Volopay is particularly well suited to businesses that need tighter control over employee spending and more structured approval processes.

Rather than positioning the card as a standalone payment tool, Volopay combines corporate cards with spend management, giving finance teams more control over how employees spend and how expenses are reviewed.

Features:

• Virtual and physical corporate debit cards

• Multi-level approval workflows for employee spending

• Real-time spend tracking and transaction visibility

• Automated expense categorisation and policy checks

• Custom spending limits and merchant controls

• Integrations with Xero, QuickBooks, NetSuite, and other accounting systems

• Centralised expense management and reconciliation

Information in this section is based on Volopay’s official website as of 11 Sep 2026.

6. Aspire Corporate Card

The Aspire Corporate Card is particularly well suited to Singapore businesses that want corporate cards tied closely to their broader business account and spend-management tools.

Its appeal is strongest for companies with recurring digital expenses, such as software subscriptions and online advertising, where cashback can add value alongside basic spending controls.

Features:

• Visa corporate debit cards for business spending

• Cashback on eligible digital marketing and SaaS spend

• Virtual cards for employee and business expenses

• Custom spending limits and merchant-category controls

• Expense tracking, receipt management, and approval workflows

• Business account supporting multiple currencies

Information in this section is based on Aspire’s official website as of 11 Sep 2026.

7. WorldFirst World Card

The WorldFirst World Card is particularly well suited to eCommerce sellers and businesses that receive or make payments across international marketplaces.

Its main strength is its close integration with WorldFirst's multi-currency business account and marketplace ecosystem, making it useful for businesses that already manage cross-border commerce through platforms such as Amazon, Shopify, and 1688.com.

Features:

• Virtual Mastercard debit card for business spending

• 0% FX fees when spending from eligible held currency balances

• Per-card spending limits and controls

• Cashback on eligible business spending

• Integrations with global marketplaces and platforms

Information in this section is based on WorldFirst’s official website as of 11 Sep 2026.

8. DBS Virtual Card

The DBS Virtual Card is designed primarily for businesses that want to centralise and control corporate travel spending.

Rather than functioning as a general-purpose employee spending card, it is particularly useful for managing recurring travel bookings such as flights, hotels, and car rentals under the company's account.

This can make reconciliation and oversight easier when multiple employees or teams incur travel expenses.

Features:

• Virtual card issued in the company's name

• Centralised corporate travel spending

• Suitable for flights, hotels, car rentals, and other travel bookings

• Merchant category controls

• Centralised transaction tracking and reconciliation

• Designed for recurring corporate travel payments

• Integration with DBS corporate banking services

Information in this section is based on DBS’s official website as of 11 Sep 2026.

9. UOB Business World Debit Card

The UOB Business World Debit Card is particularly suited to businesses that want a traditional bank-issued corporate debit card with rewards and travel benefits.

It can be a practical choice for companies that already bank with UOB and want to earn rebates on eligible business spending while giving employees access to a corporate card.

Features:

• Mastercard debit card for business spending

• 0% FX fees on eligible overseas transactions

• Cash rebates on eligible local business spending

• Mastercard Travel Pass access to participating airport lounges

• Contactless and mobile payment support

• Card controls for managing business spending

• UOB business banking integration

Information in this section is based on UOB’s official website as of 11 Sep 2026.

10. OCBC Business Debit Card

The OCBC Business Debit Card is a straightforward option for businesses that want a corporate card linked to an established Singapore business banking relationship.

Its appeal is simplicity rather than advanced spend-management features, making it a reasonable choice for smaller businesses that want a conventional business debit card with cashback on eligible spending.

Features:

• Business debit card linked to an OCBC Business Growth Account

• Cashback on eligible business spending

• Cashback on other eligible spending

• Contactless payment support

• Card controls for managing business spending

• Access to OCBC digital business banking

• Suitable for everyday business expenses

Information in this section is based on OCBC’s official website as of 11 Sep 2026.

How to choose the right corporate virtual card for your business

There is no single best card for every business. The right choice depends on how your team spends, where you operate, and what level of control you need. Here are the key factors to weigh.

Multi-currency support

If your business pays overseas suppliers, runs international ad campaigns, or has teams working across different countries, a multi-currency card can make a big difference.

Don't just look at how many currencies you can spend in. Check how many you can actually hold in your account. If you can pay directly from a balance in the same currency, you can avoid unnecessary conversions every time you make a purchase.

FX and foreign transaction fees

A card can advertise 0% FX fees and still be expensive if the provider builds a markup into its exchange rate. Foreign transaction fees are only one part of the cost.

Compare both the card's foreign transaction fees and the provider's FX rates. It's also worth checking whether any fee-free FX allowance is large enough to cover your usual monthly spending.

Spend controls

Check whether you can set spending limits for individual cards, block certain merchant categories, or restrict spending by vendor, project, or other rules. The more control you have at the card level, the easier it is to prevent overspending before it happens.

Single-use vs multi-use cards

Single-use virtual cards automatically expire after a transaction, making them useful for one-off purchases. You might use one to pay a supplier, book a service, or make another payment where you don't want the card details to remain active afterwards.

If your business makes lots of one-off payments, check whether single-use cards are available and how easily your team can create them.

Built-in expense management

A corporate card won't solve much if your finance team still has to chase receipts and reconcile every transaction manually.

If expense management is important, look for features such as receipt capture, approval workflows, expense categorisation, and policy controls. It's also worth checking whether these are included with the card or require a separate paid product.

Accounting integrations

The card should fit into the accounting workflow you already use. Check whether it connects with tools such as Xero, QuickBooks, or NetSuite and whether transactions, receipts, and other expense data can sync automatically.

A good integration can cut down on manual data entry and make month-end reconciliation much less tedious.

3 common use cases for corporate virtual cards

Corporate virtual cards are especially useful when businesses need to separate spending, set limits, or give employees access to company funds without issuing another physical card.

• SaaS subscriptions: Assign separate virtual cards to software subscriptions to make recurring charges easier to track and freeze a card when a service is cancelled.

• Digital advertising: Use dedicated cards for Google, Meta, TikTok, and other advertising platforms, with spending limits to keep campaign budgets separate from other business expenses.

• Employee expenses: Give employees cards with preset limits instead of asking them to pay upfront and claim expenses later, while finance teams retain visibility over transactions.

How to apply for a corporate virtual card in Singapore

Most providers follow a similar application process:

• Submit your business details: You'll typically need your ACRA registration details and identification for directors or authorised persons. Some providers may ask for additional information about your business.

• Complete verification: Fintech providers generally handle applications online, while banks may require additional checks or a relationship manager.

• Issue your cards: Once your account is approved, you can create virtual cards from the provider's dashboard, set spending controls, and assign them to employees or specific expenses.

Virtual card vs physical card: What's the difference?

The main differences come down to how the card is issued, where it can be used, and how practical it is for different types of business spending. Here’s a quick overview:

For most businesses, it doesn't have to be an either-or decision. Virtual cards work well for online and recurring expenses, while physical cards are useful for travel and in-person spending.

Airwallex lets you issue both from the same dashboard, with shared spending controls and transaction visibility.

Get your free Airwallex Corporate Card

Every time your team pays an overseas supplier or runs ad spend in a foreign currency, most corporate cards take a cut, with foreign transaction fees, exchange rate markups, and monthly card fees that erode your margins. Airwallex removes those costs.

Here’s what you get with Airwallex Corporate Cards:

• 10 free cards on the free Explore plan, with no annual fee, no card issuance fee, no minimum balance

• 0% foreign transaction fees on spend in 20+ currencies from held balances

• Auto-conversion when you don't hold the required currency, at highly competitive FX rates that save you up to 80% on FX fees

You can stay in control of every transaction:

• Set spending limits and merchant restrictions per card

• Freeze or cancel any card instantly from your dashboard

• Multi-layer approval workflows so spend is authorised before it happens

• Real-time transaction visibility across every card and team member

Plus, our Corporate Cards let you close the books faster:

• Direct sync with Xero, QuickBooks, and NetSuite

• Receipt capture via mobile

• No manual matching at month-end

Our Corporate Cards are available across 60+ markets and work with Apple Pay and Google Pay, making them practical for teams and employees in multiple countries.

Frequently asked questions (FAQ)

What is a corporate virtual card?

A corporate virtual card is a digital payment card issued to a business. It works like a physical debit or credit card and comes with its own card number, expiry date, and security code, but it exists entirely online. Businesses use corporate virtual cards to manage team spending, pay overseas suppliers, and run recurring subscriptions, all with real-time visibility and spend controls from a single dashboard.

Are virtual cards safe for business payments?

Yes, virtual cards are generally more secure than physical cards because they can't be lost or stolen. Each card has unique details that are separate from your main business account, and you can freeze or cancel individual cards instantly if you spot unusual activity. Many providers also let you create single-use cards that expire automatically after one transaction, which reduces fraud risk for one-off payments.

What is the difference between a virtual debit card and a virtual credit card?

A virtual debit card draws directly from your existing account balance, so you can only spend what you hold. A virtual credit card lets you spend up to a credit limit and repay the balance later, usually at the end of a billing cycle. Most fintech providers in Singapore issue virtual debit cards, while banks tend to offer both options for business customers.

What is a single-use virtual card?

A single-use virtual card is a virtual card that expires automatically after it is used for one transaction. Businesses use them for one-off supplier payments or any situation where they don't want a card number to remain active after purchase. Not all providers offer this feature; check before choosing a provider if this is important to your business.

Can I use a corporate virtual card for international payments?

Yes, most corporate virtual cards are accepted anywhere Visa or Mastercard is accepted online, including international platforms, overseas suppliers, and global marketplaces. The key difference between providers is how they handle foreign currency transactions: some charge foreign transaction fees or apply a markup to the exchange rate, while others let you spend directly from held currency balances at no extra cost. Airwallex Corporate Cards charge 0% foreign transaction fees when you spend from your held balances.

How do I get a corporate virtual card for my business in Singapore?

Most providers offer a fully online application. You'll typically need your business registration documents (ACRA profile) and proof of identity for company directors. Fintech providers generally approve applications faster than banks, and some offer near-instant approval via Singpass for Singapore-registered businesses. Once approved, you can issue virtual cards from your dashboard immediately.

Sources:

1. https://www.airwallex.com/en-sg/pricing 

2. https://www.revolut.com/en-SG/business/business-account-plans/

3. https://wise.com/sg/pricing/business/card-fees?sourceAmount=1000&sourceCurrency=SGD&targetCurrency=USD&track=false, https://wise.com/sg/pricing/business, https://wise.com/sg/business/card

4. https://www.you.co/biz/blog/youbiz-guide/, https://www.you.co/biz/corporate-cards/ 

5. https://www.volopay.com/sg/pricing/ 

6. https://aspireapp.com/pricing

7. https://www.worldfirst.com/global/help-center/faqs/world-card/, https://www.worldfirst.com/sg/product/pay/world-card/ 

8. https://www.dbs.com.sg/corporate/solutions/cash-management/dbs-virtual-card

9. https://www.uob.com.sg/business/transact/cards/uob-business-world-debit-card.page

10. https://www.ocbc.com/business-banking/help-and-support/accounts-and-services/business-pricing-guide