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 — without the paperwork or delays of traditional bank cards.

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

• Airwallex Corporate Cards let you spend directly from held multi-currency balances with 0% foreign transaction fees, built-in expense management, and no annual fee.

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.

We look at fintech options like Airwallex, Revolut, Wise, YouBiz, Aspire, Volopay, and WorldFirst, as well as bank-issued cards from DBS, UOB, and OCBC.

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 — just like a physical card — 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 — all from a dashboard.

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

What are the benefits of using a corporate virtual card?

Virtual cards solve real problems that traditional corporate cards can't. Here are five reasons businesses in Singapore are switching.

1. Instant card creation

You can issue a virtual card in minutes and start using it immediately. There's no paperwork, no branch visits, and no waiting for plastic to arrive in the post. If a team member needs a card to pay an overseas supplier today, you can set one up before the end of the call.

2. Real-time visibility on spend

Finance teams no longer need to wait for month-end statements or chase receipts. Every transaction appears in your dashboard the moment it happens, with details like the merchant, amount, and card it was charged to. That means tighter budgets, faster reconciliation, and fewer surprises.

3. Granular spend controls

You can issue individual cards per employee, department, project, or vendor — each with its own limit, merchant restrictions, and expiry date. For example, you can issue a card for your marketing team's ad spend, another for SaaS subscriptions, another for travel. If something looks wrong, freeze the card instantly.

4. Automated reconciliation

Virtual cards automatically capture transaction details at the point of payment. When paired with accounting software like Xero, QuickBooks, or NetSuite, that data flows directly into your books — no manual entry, no matching receipts at month-end.

5. Better security

Each virtual card has unique details that are separate from your main account. You can create single-use cards for one-off purchases, set transaction frequency limits, and cancel a card the moment you suspect misuse.

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.

The information in this table has been reviewed to be accurate as of 1 April 2026.

1. Airwallex Corporate Card

The Airwallex Corporate Card is a multi-currency Visa debit card that lets you pay in 20+ currencies directly from held account balances, with 0% foreign transaction fees and auto-conversion when needed.

Each card comes with per-card spend controls — set limits, block merchant categories, assign expiry dates, and freeze or cancel in seconds. Built-in expense management, multi-layer approval workflows, and direct syncing with Xero, QuickBooks, and NetSuite make it a strong fit for businesses managing spend across teams and markets.

The information in this table has been reviewed to be accurate as of 1 April 2026.

2. Revolut Business Card

The Revolut Business Card is available on all plans, including the free Basic plan, and lets you spend in 150+ currencies with 25+ supported for holding and exchange. The Basic plan includes a free interbank exchange allowance of S$1,500 per month¹⁰.

Built-in expense management, approval workflows, and accounting integrations are included across all plans.

The information in this table has been reviewed to be accurate as of 1 April 2026.

3. Wise Business Card

The Wise Business Card is a multi-currency debit card that supports spending in 40+ currencies across 160+ countries with no foreign transaction fees when paying from held balances, and currency conversion from 0.26%¹.

Opening a Wise Business account is free. Once verified, you can order debit cards for you and your team at no cost — virtual cards appear instantly and work with Apple Pay and Google Pay. Each team member can hold up to three virtual cards¹. The main limitations are the three-card cap per team member and the absence of built-in approval workflows.

The information in this table has been reviewed to be accurate as of 1 April 2026.

4. YouBiz Corporate Card

The YouBiz Corporate Card is a Mastercard debit card that combines two features most cards offer separately: unlimited 1% cashback on all eligible spend with no cap⁷, and genuine 0% FX fees⁷ across 150+ currencies. You can hold balances in nine currencies⁷ and issue unlimited virtual and physical cards with custom spend limits and merchant restrictions. Built-in expense management, approval policies, and Xero integration make reconciliation straightforward.

The information in this table has been reviewed to be accurate as of 1 April 2026.

5. Volopay Corporate Card

Volopay is a spend management platform offering virtual and physical debit cards with multi-level approval workflows, real-time tracking, and automated expense flagging — non-compliant transactions are declined before they go through.

It integrates with Xero, QuickBooks, NetSuite, and other ERPs, making it well suited to businesses that need deep accounting automation alongside card controls. The main limitation is pricing transparency: all fees must be obtained directly from the sales team.

The information in this table has been reviewed to be accurate as of 1 April 2026.

6. Aspire Corporate Card

The Aspire Corporate Card is a Visa debit card with 1% cashback on eligible digital marketing and SaaS spend¹¹, and up to 200 free virtual cards on the Basic plan⁵. The linked Aspire Business Account supports four currencies — SGD, USD, GBP, and EUR¹¹ — so transactions in other currencies are converted at Aspire's rate, from 0.22%¹¹.

For Singapore businesses with primarily digital spend in major currencies, it's a cost-effective option.

The information in this table has been reviewed to be accurate as of 1 April 2026.

7. WorldFirst World Card

The WorldFirst World Card is a virtual Mastercard debit card that pays 0% FX fees on 16 major currencies from held World Account balances⁸, with spend accepted in 150+ currencies. You can issue up to 25 virtual cards free of charge⁶, set per-card limits, and earn up to 1.2% cashback on eligible business spending¹².

It's a particularly strong fit for e-commerce sellers and importers, with direct connections to 130+ global marketplaces including Amazon, Shopify, and 1688.com⁸.

The information in this table has been reviewed to be accurate as of 1 April 2026.

8. DBS Virtual Card

The DBS Virtual Card is designed for centralised corporate travel expense management, consolidating charges — flights, hotels, car rentals — into a single company account for simplified reconciliation.

The card carries no annual fee² and is issued in the company's name rather than an individual employee's, which is useful when staff change. Specific pricing including foreign transaction fees is not publicly disclosed.

The information in this table has been reviewed to be accurate as of 1 April 2026.

9. UOB Business World Debit Card

The UOB Business World Debit Card charges 0% FX fees on all overseas spend with no cap and no minimum spend required⁹, and earns up to 1.5% cash rebate on eligible local spend tiered by monthly volume⁹. The S$36.67 annual fee³ is waived for the first three years, and the card includes Mastercard Travel Pass access to 1,300+ airport lounges at a preferential rate⁹.

The information in this table has been reviewed to be accurate as of 1 April 2026.

10. OCBC Business Debit Card

The OCBC Business Debit Card is issued free of charge⁴ with an OCBC Business Growth Account and comes with up to 1% cashback on everyday business spend and unlimited 0.2% cashback on all other spend⁴.

It's a simple, no-fee entry point for businesses that want a card tied to an established Singapore bank. Foreign transaction fees and currency conversion fees are not publicly disclosed, which makes cost forecasting for overseas spend difficult.

The information in this table has been reviewed to be accurate as of 1 April 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 manages remote teams, you need a card linked to a multi-currency account.

Check how many currencies the provider supports for holding balances — not just for spending. A card that converts every transaction on the fly will cost more than one that lets you pay directly from held funds.

FX and foreign transaction fees

Foreign transaction fees are charged on top of the exchange rate and can add up fast. Some providers advertise zero FX fees but apply a markup to the exchange rate itself.

Look for providers that are explicit about both the transaction fee and the conversion rate — and check whether the free tier covers your typical monthly FX volume.

Spend controls

Think about what happens after you issue a card. Can you set limits per employee? Block specific merchant categories? Restrict a card to a single vendor or project?

The best corporate virtual cards let you do all of this at the individual card level, not just at the account level.

Single-use vs multi-use cards

Some providers let you create single-use virtual cards — cards that expire automatically after one transaction. These are useful for one-off supplier payments or any situation where you don't want a card number to remain active after a purchase.

If your business makes frequent one-off payments, check whether your provider supports this.

Built-in expense management

If your finance team is already chasing receipts and manually reconciling transactions, a card alone won't fix that. Look for providers that include receipt capture, approval workflows, and direct accounting integrations as part of the card product — not as a paid add-on.

Accounting integrations

Check which tools the card syncs with. Xero, QuickBooks, and NetSuite are the most common for Singapore businesses. Automatic sync removes the need for manual data entry and helps close the books faster each month.

Common use cases for corporate virtual cards

Understanding how businesses actually use virtual cards helps you figure out which features matter most for your situation.

Use case 1: SaaS subscriptions and software tools

Businesses running multiple software tools often lose track of recurring charges spread across shared cards. Virtual cards make it easy to assign one card per subscription, so every charge is clearly attributed, unused tools are easier to spot, and cancelling a service is as simple as freezing the card.

Use case 2: Digital advertising spend

Ad platforms like Google, Meta, and TikTok bill in foreign currencies and can spend unpredictably if campaign budgets aren't tightly controlled. A dedicated virtual card per platform — with a set monthly limit — keeps ad spend contained and clearly separated from other business costs.

Use case 3: Overseas supplier payments

Businesses that pay international suppliers regularly can use virtual cards to make fast, traceable payments wherever Visa or Mastercard is accepted, without needing to initiate a wire transfer for every invoice. Multi-currency cards reduce conversion costs when paying in the supplier's local currency.

Use case 4: Employee travel and expenses

Rather than asking employees to pay out of pocket and claim back later, businesses can issue individual cards with pre-set travel budgets. Finance teams get real-time visibility on what's being spent, and employees avoid the friction of manual expense reports.

Use case 5: Remote teams and contractors

Virtual cards can be issued instantly to team members or contractors in other countries, without the need for a local bank account or physical card delivery. This makes it practical to give overseas staff immediate access to company funds within defined limits.

How to apply for a corporate virtual card in Singapore

The application process varies by provider, but most follow a similar pattern.

Step 1: Prepare your documents

You'll typically need your business registration details (ACRA profile), proof of identity for directors or authorised persons, and in some cases proof of business activity such as bank statements or contracts.

Step 2: Submit your application online

Most fintech providers offer a fully online application. Traditional banks may require a branch visit or a call with a relationship manager.

Step 3: Wait for approval

Fintech providers typically approve applications within one to two business days. Some offer near-instant approval via Singpass for Singapore-registered businesses. Bank applications can take longer depending on the institution.

Step 4: Activate and issue cards

Once your account is active, you can issue virtual cards immediately from your dashboard. Set spending limits, assign cards to team members, and start using them straight away.

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

Both serve important roles in business spend management — the right mix depends on how your team operates.

Virtual cards

Virtual cards are issued instantly and exist entirely online. They're ideal for recurring online payments, SaaS subscriptions, digital advertising, and remote team expenses.

Because they're managed digitally, you can set limits, freeze, and cancel them in seconds. They also support single-use configurations for added security on one-off transactions.

Physical cards

Physical cards remain useful for in-person payments, employee travel, and situations where a merchant requires a physical card. They take longer to issue and replace, but generally have wider acceptance for face-to-face transactions.

With Airwallex, you don't have to choose one or the other. You can issue both virtual and physical Corporate Cards from the same dashboard, with the same spend controls and real-time visibility across every transaction.

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 quietly erode your margins. Airwallex removes those costs entirely.

Here’s what you get with Airwallex Corporate Cards:

• Unlimited virtual and physical cards at no cost

• 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

• No annual fee, no card issuance fee, no minimum balance

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 — with its own card number, expiry date, and security code — but 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 and support spending in 20+ currencies from 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 — often within one to two business days — 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. wise.com/sg/pricing/business

2. dbs.com.sg/corporate/solutions/cash-management/dbs-virtual-card

3. uob.com.sg/business/transact/cards/uob-business-world-debit-card.page

4. ocbc.com/business-banking/smes/accounts/business-growth-account

5. aspireapp.com/pricing

6. worldfirst.com/sg/blog/international-transactions/best-corporate-cards-for-small-businesses

7. you.co/biz/corporate-cards

8. worldfirst.com/sg/blog/international-transactions/business-virtual-cards

9. revolut.com/en-SG/business/business-account-plans

10. you.co/biz/multi-currency-accounts

This publication does not constitute legal, tax, or professional advice from Airwallex, nor does it substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [[email protected]]. Airwallex (Singapore) Pte. Ltd. (201626561Z) is licensed as a Major Payment Institution and regulated by the Monetary Authority of Singapore.