Statrys vs Airwallex: Which is better for Singapore businesses? (2026 guide)

Key takeaways:

• Both Statrys and Airwallex offer multi-currency business accounts, letting businesses hold, receive and send money in multiple currencies. Airwallex supports 20+ currencies, while Statrys supports 11.

• Both offer a free business account, with no monthly account fee. However, their transaction and FX fees differ, so the cheaper option depends on how your business sends, receives and converts money.

• Airwallex offers more built-in financial tools, including payment acceptance and expense management.

If you're comparing Statrys vs Airwallex, the right choice depends on how your business manages international payments, currencies, cards, and everyday spending.

Both platforms offer multi-currency business accounts and global payment capabilities, but they differ in pricing, coverage, and the tools they provide for managing business finances.

This guide compares Statrys and Airwallex across features, fees, international transfers, payment acceptance, and more, so you can see which platform is a better fit for your business.

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, with Singapore serving as a key hub for its Asia-Pacific operations.

Airwallex brings banking, payments and spend management together on one platform, helping businesses manage their global financial operations from a single account.

Key features include:

• Hold 20+ currencies with no forced settlement

• Local account details in 21 countries

• International transfers to 200+ countries

• Payment acceptance across 180+ countries and 160+ local payment methods

• Competitive FX rates that save you up to 80% on FX fees

• Physical and virtual corporate cards

• Integrated expense management and accounts payable

• Accounting and ecommerce integrations, including Xero, QuickBooks, Shopify and WooCommerce

In Singapore, Airwallex is licensed by the Monetary Authority of Singapore as a Major Payment Institution. Its platform gives Singapore businesses the infrastructure to manage payments, spending and international operations as they expand globally.

Airwallex has no setup fees, no monthly fees (on the Explore plan), and no minimum balance requirements.

What is Statrys?

Founded in 2020, Statrys is a fintech that provides business accounts, payment services, FX and accounting solutions for SMEs, entrepreneurs and startups.

Originally launched in Hong Kong, Statrys now operates in Singapore and the European Union, with a dedicated Singapore business account launched in 2025.

Statrys Singapore is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution, while its Hong Kong and UK entities hold the relevant payment licences in those markets.

Key features include:¹

• Multi-currency business account supporting 11 currencies

• International payments to 120+ countries

• Local transfers in 13 countries

• FX fees from 0.1% above the real-time mid-market rate

• Xero integration for accounting

• Corporate services and accounting available alongside the business account

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

Statrys vs Airwallex: Overview and comparison

Statrys and Airwallex both offer multi-currency business accounts, international payments and accounting integrations. However, Airwallex offers broader coverage across currencies, payment markets and financial tools.

Here’s how the two platforms compare:

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 cover the fundamentals of international business banking, but Airwallex offers a broader range of financial tools beyond the core account and transfer features.

Statrys vs Airwallex: Key features compared

Now that you’ve seen the overview, let’s take a closer look at how Statrys and Airwallex compare across their key features and what the differences mean for your business.

Multi-currency business accounts

Statrys offers a multi-currency business account that lets Singapore businesses hold and manage 11 currencies. In comparison, Airwallex goes further, letting you hold 20+ currencies with its Business Account.

International transfers and local payments

Statrys supports payments to 120+ countries via SWIFT, alongside local rail transfers in 13 countries.

In comparison, Airwallex supports transfers to 200+ countries, with local rails in 120+ countries. All in all, Airwallex has broader transfer and local-rail coverage.

Payment acceptance

Statrys does not operate its own payment gateway. Instead, businesses can connect third-party payment providers such as Stripe, PayPal and Shopify Payments, with the proceeds then settled into their Statrys account.

Airwallex, on the other hand, provides its own payment acceptance infrastructure.

Businesses can accept online payments through Airwallex Checkout and Payment Links, as well as use integrations for eCommerce platforms.

Business cards and spending controls

Airwallex offers physical and virtual corporate cards, plus expense submissions, receipt capture, approvals and employee reimbursements through its expense management tools.

Statrys offers physical and virtual Mastercard cards, along with user roles and payment approval workflows. As of 2 September 2026, Statrys does not publish information about dedicated expense management functionality on its website.

Accounting and business integrations

Statrys integrates with Xero, and also connects with platforms such as Shopify, Stripe and PayPal.

Airwallex integrates with Xero, QuickBooks, NetSuite and other accounting and eCommerce platforms, including Shopify and WooCommerce.

Statrys vs Airwallex: Fees and pricing compared

Both Statrys and Airwallex have free entry-level business accounts, but their transaction fees differ across local transfers, FX and international payments.

Here’s how the pricing compares:

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.

Which is cheaper depends on your payment activity. Airwallex can be more cost-effective for businesses making frequent local transfers or international payments through local rails, while Statrys advertises a lower starting FX markup.

Looking at your typical monthly transfer volume and currencies will give you a more accurate picture of your actual costs.

Why Singapore businesses choose Airwallex over Statrys

If you're looking beyond the basics of a multi-currency account, Airwallex offers several advantages that may make it a better fit for growing businesses:

• Built-in payment gateway: Airwallex has a built-in payment gateway for accepting online payments, with 160+ local payment methods across 180+ countries. Statrys does not have its own payment gateway.

• Broader international payment coverage: Airwallex supports transfers to 200+ countries and local-rail payments to 120+ countries. Statrys' coverage is less broad; it supports payments to 120+ countries via SWIFT and local rail payments across 13 markets.

• Dedicated expense management: Airwallex Spend includes expense submissions, receipt capture, approval workflows and employee reimbursements, bringing employee expenses into the same system as corporate cards and other business spending. Statrys does not currently document any dedicated expense-management functionality on its website.

Frequently asked questions (FAQs)

Is Airwallex better than Statrys?

Airwallex may be a better fit for businesses that need broader payment coverage and more financial tools in one platform. Airwallex supports transfers to 200+ countries, offers built-in payment acceptance and includes expense management through Airwallex Spend. Statrys focuses more on multi-currency accounts, international payments and related business banking tools.

What is the difference between Statrys and Airwallex?

The main difference is the breadth of services each platform offers. Both provide multi-currency business accounts, international payments and corporate cards, but Airwallex also provides built-in payment acceptance, local payment rails across a wider number of countries, and dedicated expense management.

Is Statrys cheaper than Airwallex?

It depends on how your business uses the account. Statrys charges from 0.1% for FX, S$1.50 for FAST transfers, and $4 to $8.50 for local rail transfers, while Airwallex charges 0.4% to 0.6% above interbank for FX and gives you free FAST transfers and free transfers to 120+ countries via local rails. Comparing your typical transfer volume, payment routes and currencies will give you a better indication of which is cheaper for your business.

Can I use Statrys and Airwallex together?

Yes, businesses can use Statrys and Airwallex as separate financial accounts. For example, you could use one provider for specific international payment or FX needs and the other for payment acceptance or other financial workflows. However, using both means managing accounts, balances and transactions across two platforms.

Which is better for international payments, Statrys or Airwallex?

Airwallex offers broader international payment coverage. It supports transfers to 200+ countries and free local transfers to 120+ countries, while Statrys supports payments to 120+ countries via SWIFT and local rails across 13 markets. The better option depends on the countries and currencies your business regularly sends and receives.

Sources:

1. https://statrys.com/sg/business-account

2. https://statrys.com/sg/pricing