Revolut vs Airwallex: Compare fees, features and benefits (2026)

Key Takeaways:

• Both Revolut and Airwallex offer multi-currency accounts, international transfers, corporate cards, expense management and payment acceptance for businesses operating across borders.

• Both have a S$0 plan, but their pricing works differently. Revolut's free Basic plan uses allowances for FX and transfers, while Airwallex's free Explore plan includes free transfers to 120+ countries via local rails and charges a straightforward 0.4%–0.6% FX markup.

• Airwallex offers broader global infrastructure, with local account details in 21 countries and payment acceptance through 160+ local payment methods across 180+ countries.

Revolut vs Airwallex is one of the most common comparisons Singapore businesses make when looking for an alternative to traditional business banking.

Both are licensed fintech platforms built for cross-border operations, but they work differently, and the right choice depends on how your business moves money.

This guide breaks down how each platform stacks up on fees, multi-currency accounts, international transfers, cards, and more, using current pricing as of 2026.

What is Revolut?

Revolut is a global financial technology company that offers personal and business financial services. Revolut Business provides businesses with multi-currency accounts, international transfers, corporate cards and tools for managing business spending.

In Singapore, Revolut Business offers:¹

• Multi-currency accounts supporting 30+ currencies

• Local SGD account details and SWIFT/BIC details for receiving payments

• International and local transfers

• Physical and virtual corporate cards

• Expense management, spending controls and approval workflows

• Payment acceptance through Revolut Checkout, Payment Links and other merchant tools

• Integrations with accounting platforms such as Xero, QuickBooks and NetSuite

Revolut Business has four plans in Singapore, starting with a S$0/month Basic plan, with paid plans offering higher transfer and currency-exchange allowances and additional business tools.

Information in this section is based on Revolut’s official website as of 2 Sep 2026.

What is Airwallex?

Airwallex is a global financial platform for businesses that operate across borders. Founded in 2015, the company is co-headquartered in Singapore and San Francisco and provides business accounts, international payments, corporate cards and financial management tools on one platform.

In Singapore, Airwallex offers:

• Global Accounts to receive and hold funds in 20+ currencies

• International transfers to 200+ countries (94% of our transfers go through local rails, with $0 SWIFT fees)

• Competitive FX rates that save you up to 80% on FX fees as compared to traditional banks

• Multi-currency corporate cards

• Expense management and employee reimbursements

• Built-in payment acceptance through Checkout, Payment Links and payment plugins

• Bill Pay and accounting integrations with platforms such as Xero, QuickBooks and NetSuite

Airwallex's Explore plan has no monthly account fee, with paid plans available for businesses that need higher limits and additional features.

Revolut Business vs Airwallex: Overview and comparison

Revolut Business and Airwallex both offer multi-currency business accounts, international transfers, corporate cards and tools for managing business spending. However, they differ in their currency coverage, transfer allowances, pricing structure and payment capabilities.

Here’s a quick overview:

This information is based on publicly available information accessed on 2 Sep 2026. Information reflects Airwallex's own research and has not been independently verified.

Both platforms offer multi-currency accounts, international transfers, corporate cards, expense management and payment acceptance.

However, Airwallex supports local account details in 21 countries and payment acceptance across 180+ countries with 160+ local payment methods, giving businesses more options for managing cross-border collections and payments.

Revolut, meanwhile, offers local account details only in SGD and EUR and does not publicly state the coverage of its payment acceptance.

Revolut vs Airwallex: Key features compared

Now that you’ve seen the overview, let’s take a closer look at how Revolut Business and Airwallex compare across their key features.

Multi-currency business accounts

Revolut Business lets businesses hold and exchange 30+ currencies, but its Singapore business account currently provides local account details only for SGD.³

Airwallex supports holding 20+ currencies through its Global Accounts, with local account details available across 21 countries. This allows businesses to receive payments in multiple currencies using local payment networks rather than relying solely on international transfers.

International transfers and local payments

Revolut Business supports transfers in 150+ countries², while Airwallex lets you transfer to 200+ countries.

With Revolut, your allowance of free international transfers depends on your plan. The free plan includes 0 free international transfers, with international transfers costing S$8 per transfer, while the Enterprise plan includes 50 free international transfers per month.¹

With Airwallex, 94% of transfers are routed through local payment rails with S$0 transfer fees.

Payment acceptance

Both Revolut Business and Airwallex offer built-in payment acceptance tools for businesses.

With Airwallex, businesses can accept payments using 160+ local payment methods across 180+ countries. Revolut also offers online payment acceptance, but does not publicly state the geographic coverage of its payment acceptance.

Business cards and expense management

Both Revolut Business and Airwallex offer physical and virtual corporate cards, spending controls, expense tracking and employee reimbursements.

Revolut uses AI to automate expense reconciliation and receipt matching, while Airwallex offers an Expense Policy Agent, which uses AI to help enforce company spending policies and manage expenses according to those rules.

This gives Airwallex an additional layer of AI-powered expense policy management, rather than relying solely on predefined spending controls, approval workflows and expense automation.

Revolut vs Airwallex: Fees and pricing compared

Here’s a quick overview of what both platforms charge:

This information is based on publicly available information accessed on 2 Sep 2026. Information reflects Airwallex's own research and has not been independently verified.

Note that Revolut's pricing can be relatively complicated. Its headline FX rate looks attractive, but the interbank rate is subject to a monthly plan allowance and the timing of your exchange.

For example, the Basic plan lets you exchange up to S$1,500 per month at the interbank rate, after which a 0.6% fee applies. Exchanges made outside market hours incur a 1% fee.

By comparison, Airwallex’s FX pricing is more straightforward, with a 0.4% markup above the interbank rate for major currencies and 0.6% for other currencies. Airwallex’s competitive rates let you save up to 80% on FX fees as compared to traditional banks.

Why Singapore businesses choose Airwallex over Revolut

While Revolut Business covers the core needs of a multi-currency business account, Airwallex offers broader capabilities for businesses that regularly operate across multiple markets. Here’s what you get with Airwallex:

• More local account coverage: Airwallex lets Singapore businesses open local currency accounts in 21 countries, while Revolut's Singapore business account provides local account details for SGD; other currency accounts use SWIFT details. This can make it easier to receive overseas payments without relying on international transfers.

• Broader payment acceptance: Airwallex lets businesses accept payments in 180+ countries through 160+ local payment methods, including methods such as PayNow, GrabPay, Alipay and WeChat Pay. Revolut doesn’t publish a coverage figure for its payment acceptance.

• More transparent FX pricing: Airwallex charges a straightforward 0.4% markup above interbank rates for major currencies and 0.6% for others. Revolut's FX pricing depends on your plan's monthly allowance and when you make the exchange. This makes Airwallex's FX costs easier to understand upfront.

Frequently asked questions (FAQs)

Is Airwallex better than Revolut?

Airwallex can be a better choice than Revolut for Singapore businesses that regularly manage international payments or collect money from overseas markets. Airwallex offers local account details in 21 countries, payment acceptance in 180+ countries through 160+ local payment methods, and free transfers to 120+ countries on its S$0 Explore plan. Revolut only comes with SGD local details, and it does not publish coverage of its payment acceptance solution. Its free plan comes with 0 free international transfers.

What is the difference between Airwallex and Revolut Business?

The main difference between Airwallex and Revolut Business is their international coverage and pricing structure. Revolut Business supports 30+ currencies and provides local account details only for SGD, while Airwallex supports 20+ currencies and provides local account details across 21 countries. Airwallex supports payment acceptance across 180+ countries through 160+ local payment methods, and Revolut has payment acceptance but does not publish figures on coverage.

Is Revolut or Airwallex cheaper for businesses?

Whether Revolut or Airwallex is cheaper depends on how your business uses the account. Both offer a S$0 plan, but Revolut's Basic plan has monthly allowances for FX and transfers, with additional fees after those limits. Airwallex's S$0 Explore plan includes free transfers to 120+ countries, while FX is charged at a 0.4% to 0.6% markup. Compare your expected FX and transfer volumes rather than just the monthly fee.

Can I use Airwallex and Revolut together?

Yes, a business can use Airwallex and Revolut together. For example, you could use Airwallex for international collections and payments while using Revolut for specific corporate needs. However, using both platforms can add administrative work, so compare their fees and features to decide whether maintaining two accounts is worthwhile.

Which is better for international payments, Airwallex or Revolut?

Airwallex is better for businesses that regularly make and receive international payments. Airwallex supports transfers to 200+ countries, with free transfers to 120+ countries via local rail on its free Explore plan. In contrast, Revolut’s free plan gives you transfers to 150+ countries without any free international transfers.

Sources

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

2. https://www.revolut.com/en-SG/business/money-transfers/

3. https://help.revolut.com/en-SG/business/help/receiving-payments/transfers-info/where-can-i-find-my-account-details/