Top 6 Revolut alternatives & competitors in Singapore (2026 guide)

Key Takeaways:

• Revolut Business offers multi-currency accounts, corporate cards, and cross-border transfers across four pricing tiers.

• As your business grows, you may need more than Revolut can offer: broader currency coverage, lower FX costs, deeper spend management, or tools built around how Singapore businesses actually operate.

• Airwallex offers multi-currency Global Accounts with local account details in 20+ countries, letting you collect funds like a local in 70+ countries. It also gives you free international transfers to 120+ countries via local rails.

Revolut alternatives come in many forms, from business accounts with stronger international payment capabilities to platforms that combine spend management, payment acceptance, and multi-currency banking in one place.

If you're evaluating whether Revolut Business still meets your needs, this guide compares six leading alternatives available to Singapore businesses in 2026.

Want to see how Revolut compares directly with Airwallex? Read our Revolut vs Airwallex guide.

What is Revolut?

Revolut is a UK-based fintech company offering digital business accounts for companies in Singapore and around the world.

It launched Revolut Business in Singapore in 2024, giving local companies access to multi-currency accounts, corporate cards, international transfers, and expense management tools.

Revolut Business operates on four pricing tiers:

This information is based on publicly available information accessed on 22 July 2026. Information reflects Airwallex's own research and has not been independently verified.

Additional international transfers beyond your monthly allowance cost S$8 each (local transfers cost S$0.20).¹ FX conversions above your monthly allowance are charged at 0.6% above the interbank rate, with an additional 1% surcharge for exchanges made outside market hours.¹

Revolut Business also supports physical and virtual card issuance, batch payments (from the Grow plan), accounting integrations with Xero, QuickBooks, and NetSuite, and a merchant payments suite for online, in-store, and mobile payment acceptance.

Why businesses look for Revolut alternatives

Revolut Business works well for businesses that make regular international payments and stay within their plan's monthly limits. Depending on how your business operates, though, there are a few things worth considering before you choose it:

• Limited support for local business payment workflows. Revolut Business supports SGD transfers via FAST, but it doesn't advertise support for services such as GIRO payroll or PayNow Corporate. Depending on how your business operates, you may still need a separate local banking solution for some domestic payment workflows.

• Tiered transfer limits. The Basic plan includes no free international transfers at all. Businesses that pay overseas suppliers regularly will likely need to upgrade to Grow or Scale, which adds a monthly subscription on top of transfer fees.

• Weekend and off-hours FX surcharges. Revolut applies an additional 1% markup on currency exchanges made outside standard market hours (roughly Saturday morning to Monday morning Singapore time).¹ Businesses that convert currencies across the weekend may incur higher costs than expected.

• Dedicated support is Enterprise-only. Account management is only available on the Enterprise plan (from S$417/month).¹ All other tiers rely on self-service support.

Information in this section is based on Revolut’s official website as of 22 July 2026.

Top 6 Revolut alternatives in Singapore

This information is based on publicly available information accessed on 22 July 2026. Information reflects Airwallex's own research and has not been independently verified.

1. Airwallex

Airwallex is a financial platform that covers multi-currency accounts, international transfers, corporate cards, expense management, bill pay, and online payment acceptance, all from one platform.

It's well suited to businesses that move money across borders regularly and want to avoid stitching together separate tools for payments, spend management, and accounting.

Unlike Revolut, Airwallex doesn't cap international transfers behind a monthly allowance. Free local-rail transfers to 120+ countries are available on every plan, including the free Explore tier.

Features:

• Global Accounts with local bank details in 20+ currencies

• Transfers to 200+ countries (free transfers to 120+ countries via local payment rails)

• FX at 0.4% to 0.6% above interbank, saving you up to 80% on FX fees

• Multi-currency corporate and employee cards with zero international transaction fees when spending from held balances

• Expense management, reimbursements, and automated bill pay with approval workflows

• Online payment acceptance via 160+ payment methods including GrabPay, WeChat Pay, Visa, and Mastercard

• eCommerce integrations with Shopify and WooCommerce

• Accounting integrations with Xero, QuickBooks, and NetSuite

The information above has been reviewed to be accurate as of 22 July 2026.

2. Wise Business

Wise Business is focused on low-cost international transfers at the mid-market rate. There are no monthly fees, and all transfer costs are shown upfront before every transaction.

It suits businesses whose primary need is sending money across borders predictably and cheaply, and who don't need deeper tools for spend management or payment acceptance.

Features:²

• Local account details in 22 currencies

• Send money across multiple currencies with transparent, upfront fees

• Receive domestic payments in major currencies free of charge

• Hold balances in multiple currencies with no monthly fee

• Business debit cards with no foreign transaction fees

• Batch payments to up to 1,000 recipients

• Accounting integrations with Xero and QuickBooks

• API access for custom payment workflows

Information in this section is based on Wise’s official website as of 22 July 2026.

3. YouBiz

YouBiz is a multi-currency business account and corporate card built by YouTrip for Singapore-registered SMEs. Its main draw is 0% FX fees on eligible card transactions using Mastercard wholesale exchange rates³, with no monthly account fee.

It's a good fit for businesses that spend heavily in foreign currencies and want to eliminate FX markups on everyday card spend without paying for a subscription.

YouBiz is a prepaid account, so you spend from a topped-up balance rather than a credit line. It's designed for businesses that prioritise multi-currency spending and corporate cards.

Features:³

• Local account details for receiving funds in 8 currencies

• 0% FX fees on card transactions at the Mastercard wholesale rate

• Unlimited 1% cashback on all eligible card spend

• Virtual and physical Mastercard corporate cards, up to 100 cards per account

• Spend controls and approval workflows per card

• Top up via PayNow and FAST

• Expense management tools with real-time spend tracking

• Xero integration for accounting sync

Information in this section is based on YouBiz’s official website as of 22 July 2026.

4. Aspire

Aspire is a Singapore-headquartered fintech platform offering multi-currency business accounts, corporate cards, expense management, and bill pay.

It's particularly well suited to businesses that need both local Singapore payment support and international payment capabilities from a single platform.

Features:⁴

• Multi-currency accounts in SGD, USD, EUR, and GBP with local bank details

• Send and receive payments in 30+ currencies across 130+ countries

• PayNow, FAST, GIRO, CPF, and salary payment support

• Virtual and physical corporate cards with spend controls and budget tracking

• Expense management with approval workflows and reimbursements

• Bill pay with automated accounts payable

• Receivable management and invoice reconciliation

• Accounting integrations with Xero, QuickBooks, and NetSuite

Information in this section is based on Aspire’s official website as of 22 July 2026.

5. Volopay

Volopay is a spend management platform that combines corporate cards, expense management, accounts payable automation, and multi-currency business accounts in one place.

It's geared towards startups and growing teams that need structured controls over internal spending: multi-level approval workflows, budget tracking, and real-time visibility across the company. However, pricing is not publicly disclosed.

Features⁵:

• Virtual and physical corporate cards with custom spending limits and controls

• Multi-level approval workflows for expenses and invoice payments

• Accounts payable automation with invoice management and vendor payments

• Employee reimbursement tools with mobile receipt capture

• Multi-currency business account with international transfers to 130+ countries

• Budget management and real-time spend tracking

• Subscription management tools

• Accounting integrations with Xero, QuickBooks, NetSuite, and Zoho Books

Information in this section is based on Volopay’s official website as of 22 July 2026.

6. WorldFirst

WorldFirst offers the World Account, a multi-currency business account with no monthly fees, no setup fees, and no minimum balance.

It's particularly well suited to Singapore businesses that source products from China or collect revenue from global marketplaces: it's the official payment partner of 1688.com, allowing direct CNY payments to Chinese suppliers, and supports collections from 130+ marketplaces including Amazon, Shopee, and TikTok Shop.

Features⁶:

• Local account details in 22 currencies 

• Send payments in 100+ currencies across 200+ countries and regions

• Collections from 130+ global marketplaces and payment platforms

• Direct payments to 1688.com and TaoWorld suppliers in CNY

• Physical and virtual World Cards with 0% FX fees across 16 currencies

• Forward contracts, spot contracts, and firm orders for FX risk management

• Multi-team access and account management tools

• Accounting integrations with Xero and NetSuite

Information in this section is based on WorldFirst’s official website as of 22 July 2026.

Why Singapore businesses choose Airwallex over Revolut

Revolut Business works well for businesses making occasional international payments. But if your business needs to collect payments, manage expenses, and move money across multiple markets, Airwallex offers a broader financial platform. Here’s what you get with Airwallex:

International transfers without plan limits

Airwallex offers free transfers via local payment rails to 120+ countries on every plan. 94% of our transfers go through local rails, with $0 SWIFT fees.

With Revolut, free international transfers are tied to your Revolut Business plan. Businesses on the Basic plan don't get any, while higher tiers include a monthly allowance.

Collect payments like a local

Airwallex Global Accounts provide local account details in 20+ currencies, allowing customers to pay you through domestic banking rails. Revolut Business also offers local account details, but doesn't publicly disclose its coverage.

A more complete financial platform

Airwallex includes built-in payment acceptance and bill pay alongside its business accounts and spend management tools, so you can manage more of your financial operations from one platform.

Revolut Business doesn't offer payment acceptance or bill pay.

Frequently asked questions (FAQs)

What are the best Revolut alternatives for Singapore businesses in 2026?

The best alternative depends on what you need. Airwallex suits businesses that need multi-currency accounts, international transfers, and a payment gateway in one platform. Wise Business is a good fit if your priority is low-cost international transfers with transparent per-transaction fees. YouBiz works well for businesses focused on eliminating FX fees on card spend.

Does Revolut Business support PayNow, FAST, and GIRO in Singapore?

Revolut Business supports SGD bank transfers via FAST. However, its website does not advertise support for PayNow Corporate, GIRO payroll, CPF contributions, or salary payments. By comparison, Airwallex Global Accounts support FAST and GIRO for SGD transfers, while Airwallex Checkout supports PayNow as an online payment method for accepting customer payments.

Can I use more than one platform instead of Revolut?

Yes, and many businesses do. A common setup is to use one platform for international transfers and multi-currency accounts, and another for local SGD payments and payroll. The main consideration is making sure your reconciliation process stays manageable and your tools integrate well with your accounting software.

Is Revolut Business good for international transfers from Singapore?

It depends on your volume. Revolut Business offers fee-free FX within your plan's monthly allowance: S$1,500 on Basic, S$13,000 on Grow.¹ Beyond those limits, a 0.6% markup applies, and an additional 1% surcharge applies for exchanges made outside market hours.¹ The Basic plan also includes zero free international transfers. For businesses making regular international payments, platforms with no monthly transfer caps (like Airwallex) may work out cheaper.

What should I look for when choosing a Revolut alternative?

The key factors to evaluate are: whether the platform supports local Singapore payment rails if you need them; how international transfer fees are structured: flat fee, percentage, or plan-based allowance; FX markup above the interbank rate; whether you need spend management tools like approval workflows and expense tracking; and whether the platform offers a payment gateway if you collect revenue online.

Are these platforms regulated in Singapore?

Yes. All six platforms covered in this guide (Airwallex, Wise Business, YouBiz, Aspire, Volopay, and WorldFirst) are regulated by the Monetary Authority of Singapore (MAS) as Major Payment Institutions or operate under equivalent licensing. None of them are licensed banks, which means customer funds are safeguarded but not covered by the Singapore Deposit Insurance Corporation (SDIC) scheme.

Sources

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

2. https://wise.com/sg/pricing/business

3. https://www.you.co/biz/, https://www.you.co/biz/multi-currency-accounts/, https://youbiz.zendesk.com/hc/en-us/articles/6334722356249-What-exchange-rates-are-used-for-YouBiz

4. https://aspireapp.com/business-account, https://aspireapp.com/pricing, https://help.aspireapp.com/sg/en/articles/11636802-what-are-the-transfer-fees-for-aspire-multi-currency-accounts

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

6. https://www.worldfirst.com/sg/pricing/