Top 6 Revolut alternatives & competitors in Singapore (2025)

Key takeaways

• Revolut Business offers basic multi-currency accounts, cards, and low-cost cross-border transfers for both businesses and individuals.

• Growing businesses, however, often need more advanced, business-first solutions that go beyond the basics to simplify financial operations, reduce costs, and provide greater control, visibility, and efficiency across markets.

• Like Revolut, Airwallex offers multi-currency accounts, corporate cards, and affordable international transfers. But what sets Airwallex apart is its broader international coverage and more comprehensive suite of tools. Whether you’re an early-stage startup or scaling a global enterprise, Airwallex provides an end-to-end payments platform – from accepting global payments to managing complex multi-market operations. Unlike consumer-first platforms like Revolut or Wise, Airwallex is purpose-built for businesses, offering the financial infrastructure and control needed for you to scale with confidence.

You’re checking last month’s spend. Another international transfer fee. A stuck payment to your freelancer in Jakarta. More messages from the finance team chasing missing receipts. It’s only Tuesday.

Tools like Revolut Business give businesses online access to multi-currency accounts and international transfers. But as your needs grow – whether you’re hiring overseas, managing more currencies, or reconciling payments across platforms – Revolut’s features might start to feel limiting.

In this guide, we’ll compare five Revolut Business alternatives in Singapore – including Airwallex – ranging from low-cost solutions to full-featured financial platforms. You’ll find detailed comparisons to help you choose the right provider for where your business is heading next.

What is Revolut? 

Revolut is a UK-based fintech company that supports global money movement for individuals and businesses. It launched its personal account and card in Singapore in 2019, with Revolut Business following in 2024.¹ 

Revolut Business offers basic multi-currency accounts, cards, and international transfers. It supports physical and virtual card issuance with basic spend controls, as well as access to FX and batch payments.

That said, Revolut Business may not have the depth or range of tools to support businesses as they grow. As your business scales, you may need more automation and integration across systems. For things like managing payouts, collecting eCommerce payments, or multi-entity reporting, you’ll likely need to plug in additional tools or upgrade to higher-tier plans to unlock more functionalities.

The top alternatives to Revolut

Here are the alternatives to Revolut Business in Singapore.

• Airwallex stands out as the most comprehensive alternative to Revolut, designed to help businesses collect, hold, and move money globally with more speed, scale, and control. You get broader coverage and more cost savings – with local bank details in 60+ countries, fee-free global transfers via local payment rails, and multi-currency corporate cards with 1% unlimited cashback and built-in expense management. Beyond that, Airwallex also offers powerful add-ons like automated bill pay, and global payment acceptance – giving businesses a more complete, efficient platform to manage its finances.

• Wise Business is the business-focused offering of Wise, formerly known as TransferWise. The UK-based fintech company helps individuals and businesses receive, hold, and send money across multiple currencies, with less emphasis on features like spend management and international payment acceptance.

• YouBiz, by Singapore-based fintech YouTrip, offers multi-currency business accounts and corporate cards. The platform also focuses on basic company spend tracking and international payments in select currencies.

• Aspire is a Singapore-based fintech company that provides business accounts.

• Volopay focuses on startup and SME spend management, offering tools to manage company spending, track expenses, and streamline business payments.

• Wex is a US-based payments provider of industry-specific payment tools, mainly serving businesses in travel, healthcare, and fleet management.

Compare the top 6 alternatives to Revolut 

Note: The information in this table has been reviewed to be accurate as of 18 July 2025.

The top Revolut alternatives: key features and fees

Let’s take a closer look at how each Revolut alternative stacks up, and what they can offer your business. For full product and fee information, including other charges, please visit each provider’s official website.

Airwallex

Airwallex is an end-to-end financial platform that helps businesses manage money globally. More than 150,000 companies around the world use it to collect, hold, and send money internationally, without the delays, fees, or limitations of traditional banks.

With Airwallex, you can open Global Accounts with its own local bank details in 60+ countries. That means you can get paid like a local – faster and without paying unnecessary conversion fees – in key markets such as Singapore, Australia, the US, the UK, and major economies in Europe and Asia. This is compared to platforms like Revolut, which limit its free local receiving capabilities to a handful of EU countries. 

When it comes to payouts, Airwallex leads with one of the most comprehensive global coverage footprints in the market. Our proprietary network of local payment rails supports fee-free international transfers to over 120 countries – outperforming platforms like Revolut, which rely more heavily on SWIFT, particularly for transactions outside the EU. To top it off, 95% of payments arrive within the same day – faster than the average bank transfer. 

From low-cost FX and multi-currency accounts with extensive payout capabilities to spend management and payment gateway integrations, Airwallex brings everything together in one centralised platform. That means fewer tools to manage, and more time to focus on growth.

Pros

• End-to-end platform that covers multi-currency accounts, FX, cards, payments, spend management

• Collect and send money like a local with account details in 60+ countries, with free international transfers to 120+ countries via local payment rails

• 1% unlimited cashback on all card spend on multi-currency corporate cards

• Accounting integrations with platforms such as Xero, NetSuite, and more

• eCommerce payment gateway integrations with platforms such as Shopify

• Dedicated account managers

Cons

• No credit facility

• Card does not support ATM withdrawals

Fees

• Domestic transfers: free via local payment rails

• International transfers: S$0 fees via local payment rails

• FX fees: from 0.4% above interbank rates

• Card spend: no international transaction fees; 1% cashback

• Account opening: from S$0/month, with access to key features like Global Accounts, interbank rates, and free international transfers via local payment rails

Wise Business

Wise Business provides international accounts for companies that need a way to manage money across borders. You can hold and convert multiple currencies in one account, send payments using their mid-market exchange rates, and issue multi-currency debit cards.

Unlike Revolut, pricing for Wise Business is based on flat fees and doesn't vary by company size. That said, Wise Business doesn’t offer built-in expense tracking, approval workflows, or eCommerce payments. Compared to platforms like Airwallex, it lacks the deeper financial infrastructure to support more complex international operations.

Pros

• Hold 23 currencies with local account details

• Basic team cards and batch payments for up to 1,000 transfers

• Transparent flat‑fee pricing

Cons

• No built-in expense management tools or approval workflows

• Limited visibility and controls for larger teams

• No cashback on card spend

• One-time setup fee to unlock multi-currency accounts

Fees

• Domestic transfers: free in supported currencies

• FX fees: not publicly available

• ATM withdrawal fee: free up to S$350 per month; 1.75% + S$1.50 per withdrawal thereafter

• Account opening fee: S$99

YouBiz

YouBiz is a multi-currency business account and corporate card solution geared towards SMEs looking to manage cross-border payments and team spending. You can hold nine currencies, earn up to 1% cashback on card spend, and use it to pay local or international invoices.

Compared to Revolut, YouBiz is focused on Singapore-based businesses transacting in a handful of currencies. It doesn’t offer local account details outside Singapore, and you’ll need to receive overseas payments via SWIFT or telegraphic transfer. This means higher fees and longer processing times.

When it comes to automation, YouBiz doesn’t offer approval workflows for card spend. And with integration limited to Xero, businesses using other accounting tools will need to reconcile transactions manually. To add on, exchange rates and transfer fees aren’t published upfront – you’ll only be able to view YouBiz’s transfer calculator once your account is active.

Pros

• Hold nine currencies in one account

• Earn 1% cashback on card spend

• Includes bill payments and card-level spend controls

• Xero integration for accounting

Cons

• SWIFT fees apply for international transactions using non-Singapore accounts

• No tools for approval workflows 

• Limited accounting integrations 

• May not scale well for businesses with multi-entity needs

• Lack of price transparency

Fees

• Domestic transfers: free for domestic currencies (with variable fees for sending foreign currencies locally)¹³

• International transfers: variable % fee

• FX fees: 0.1–0.4% above interbank rates

• Account setup: S$0/month

Aspire

Aspire is a digital business account targeting startups and SMEs in Singapore. It supports five currencies and includes features for making recurring local payments, such as GIRO transfers and CPF contributions for employees. It also offers tools for managing spend for physical and virtual cards.

Unlike Revolut, Aspire focuses on local business operations rather than international scale. It relies on partner networks for international transactions, which can delay payments. For example, if a client tries to send USD to your Aspire USD account, and something goes wrong, Aspire has to work with a partner bank to fix the issue. Waiting for a response can take up to 24 hours¹⁴ – a long time for payments to sit unresolved.

Working with a financial platform that manages the full transfer process can make a difference. You get your funds faster, at lower fees, and issues are resolved more quickly.

Pros

• Local account details for four currencies

• Supports CPF, GIRO, PayNow, and various local tax payment methods

• Corporate cards with spend controls and expense tracking

• Accounting integrations with Xero and QuickBooks

Cons

• Relies on third-party partners for international transfers

• Fee structure varies by currency and can be difficult to navigate 

• 1% cashback on card spend limited to digital marketing and SaaS vendors

Fees

• Domestic transfers: free via GIRO and PayNow

• International transfers: varies by currency and route

• FX fees: from 0.4% above interbank rates

• Card fees: 1st physical card free, S$15 per additional card

• Account setup: from S$0/month

Volopay

Volopay is a Singapore-based platform that combines corporate cards with basic spend management tools. It’s largely geared towards startups and smaller teams looking to issue physical or virtual cards with internal spending limits and real-time spend tracking. 

While Volopay offers global transfers and multi-currency support, these capabilities are relatively limited compared to more robust global financial operations platforms like Airwallex. In that regard, Volopay is similar to Revolut in terms of features for cross-border transfers. 

Notably, Volopay doesn’t provide local account details for receiving payments, which can be a drawback for businesses with international clients. Pricing is also not publicly disclosed, making it harder to estimate costs upfront.

Pros

• Spend management tools with real-time tracking

• Physical and virtual corporate cards with built-in spend controls

• Automated approval flow and employee reimbursement tool

• 1% cashback on FX transactions 

Cons

• No local account details for receiving payments 

• No cashback for SGD spend

• Pricing is not publicly disclosed

• May require other tools for broader financial operations

Fees

• Domestic transfers: included

• International transfers: custom pricing

• FX fees: not publicly available 

• Account setup: custom pricing

Wex

Wex is a payments platform designed to offer spend management tools for businesses in industries like travel, healthcare, and fleet management.

Unlike the other Revolut alternatives on this list, Wex is built exclusively for enterprises that need to control high-volume or operationally complex spend. It’s not designed to help smaller businesses get off the ground or scale gradually. If you’re a startup or SME, the platform may feel overly complex for your needs. The lack of transparent pricing also makes it harder to assess fit from the outset.

Pros

• Spend management tools tailored to address specific use cases across verticals

• Corporate and prepaid card programs with detailed controls

• Expense tracking and reporting tools

• Supports bill payments

Cons

• Complex tools designed for specific industries

• Pricing not publicly disclosed

Fees

• Domestic transfers: custom pricing

• International transfers: custom pricing

• FX fees: custom pricing

• Account setup: custom pricing

Why choose Airwallex over Revolut?

Both platforms support multi-currency business payments, but only one is built to scale with you. Whether you’re looking for a smarter corporate card or a more cost-effective way to send international payments, Airwallex gives you more. 

Here's how Airwallex stacks up against Revolut across key features and price, based on their free plans. For the full breakdown, head over to our Revolut vs Airwallex guide.

Note: The information in this table has been reviewed to be accurate as of 18 July 2025.

While Revolut Business offers a straightforward entry point for managing money across borders, its core products can be limited in functionality, especially for businesses operating outside the EU. Airwallex not only brings more tools into a single platform –  it also outperforms Revolut across features they have in common.

When it comes to multi-currency capabilities, Revolut offers local bank details in select markets like the UK and parts of the EU, but Singapore-based businesses still need to rely on SWIFT transfers when receiving funds in SGD, USD, or other key currencies. Airwallex, by contrast, provides Global Accounts with local bank details across 60+ countries and 23+ currencies,  including SGD, USD, EUR, GBP, AUD, and more. That means faster settlements, lower fees, and better control over international cash flow from day one.

Airwallex also delivers more powerful card features. Unlike Revolut’s basic cards, Airwallex Corporate Cards earn 1% unlimited cashback, and come with built-in spend controls and approval workflows – no upgrades needed. Expense management is equally streamlined, with automated reimbursements, bill payments, and batch transfers available on the free plan. 

Whether you’re just looking for a fast, cost-efficient way to make global transfers or an end-to-end platform able to support your financial operations, Airwallex delivers the functionality, value, and flexibility businesses of all sizes need to move faster while staying compliant and in control. 

What questions should I ask when choosing alternative providers to Revolut?

Before switching to a Revolut alternative, it’s worth asking the right questions to make sure the platform fits your business – not just today, but as you grow.

• What is your fee structure? This helps you spot if the pricing is straightforward or if extra costs creep in as you scale.

• Are there any additional costs for large transactions? Some platforms charge more as amounts grow, while others might offer preferential rates if you're moving higher volumes.

• What are the charges for international money transfer services and currency conversions? These fees add up quickly if you’re paying global suppliers or staff. Look for platforms that use local payment rails to avoid unnecessary SWIFT fees. With Airwallex, you can send and receive payments like a local in 120+ countries.

• What level of payment volumes do you support?  If you’re making hundreds of transactions a week, you need to make sure the platform that supports your financial operations can handle high volumes. Airwallex makes it easier to manage large payment volumes with tools like batch transfers, automated payouts, and recurring payments, helping you reduce time on admin so you can move faster. 

• What is the speed of transaction processing, particularly for large and international transactions? Slow payments don’t just cause delays – they can strain supplier relationships and hold up your operations. With Airwallex, 95% of global transfers arrive within a few hours via local payment rails, compared to the 2–5 business days it typically takes with SWIFT. That speed keeps your cash flow moving and your partners paid on time.

• Can you facilitate automated payments? Still spending hours chasing receipts and matching expenses to payments? Look for a platform with built-in automation – Airwallex offers built-in solutions to help you  categorise expenses, flag duplicates, and sync transactions with your accounting software in real time.

• What security measures do you have in place to protect sensitive financial data? Fraud protection isn’t optional – it’s essential. One security breach can disrupt financial operations and damage customer trust. Airwallex is certified to global standards and secures every transaction with payment tokenisation, two-factor authentication, and real-time monitoring. Our AI-powered fraud engine works behind the scenes to stop threats fast, while Smart 3DS keeps genuine payments moving.

• What accounting platforms do you integrate with software? Strong integrations are essential if you want to reduce manual work and gain better visibility over your financial performance. Airwallex connects directly with popular accounting software such AWS, Xero, QuickBooks, and NetSuite, so you can automatically import and sync your transactions, receive invoice payments, and generate expense reports from one place.

• Do you offer a dedicated account manager? Support gets more important as your business grows. A dedicated account manager can help you with setting up multi-currency workflows, troubleshoot international payment issues faster, and make sure your platform setup evolves with your needs.

• Do you offer corporate and employee cards? Cards give your team flexibility while letting you stay in control of company spend. Airwallex company and employee cards can be created and issued instantly with just a few clicks – no need for lengthy visits to the bank or lengthy application processes. To top it off, you’re able to track and approve spending in real-time – all while earning 1% unlimited cashback on everyday expenses. 

Consider Airwallex for your business' end-to-end financial operations

Whether you’re just starting out or building a business across multiple markets, Airwallex offers the most comprehensive alternative to Revolut, with a unified platform built to manage your financial operations – from collecting and holding funds to paying out globally and tracking spend in real time.

With Airwallex, you can open multi-currency accounts with local details, issue cards with built-in controls, and automate payouts – all from the free plan, with additional features like batch transfers, accounting integrations, and interbank FX rates included as the standard. Unlike platforms like Revolut, there are no complicated pricing tiers and no restrictions that hold you back – even as transaction volume increases.

You also get access to infrastructure designed to support more teams and markets. Tools like Global Entity Management offer the kind of visibility and control Revolut doesn’t. You can move funds between entity accounts, track balances across regions, and manage permissions from one central dashboard.

Businesses looking to expand their eCommerce presence can also tap on Airwallex’s powerful suite of payment acceptance tools to collect funds from global customers in their local currencies – no delays or hidden fees. 

If you’re weighing Revolut alternatives for your global business, choose a platform that not only outperforms in terms of key tools like cards and transfers, but also gives you everything you need to move and manage money globally from day one.

Sources:

1. https://www.revolut.com/en-SE/news/revolut_doubles_down_on_business_accounts_and_launches_revolut_billpay_as_global_annualised_revenues_surpass_500m/

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

3. https://www.you.co/biz/

4. https://aspireapp.com/

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

6. https://www.wexasia.com/

7. https://wise.com/sg/account/sgd-account

8. https://youbiz.zendesk.com/hc/en-us/articles/6334629807769-Which-currencies-are-supported

9. https://help.aspireapp.com/en/articles/9234414-what-currency-accounts-does-aspire-offer

10. https://wise.com/sg/business/invoices 

11. https://thepaypers.com/online-payments/youbiz-rolls-out-global-transfers-to-over-140-countries--1259139

12. https://youbiz.zendesk.com/hc/en-us/articles/6188587658393-Is-there-a-fee-for-sending-money-overseas

13. https://youbiz.zendesk.com/hc/en-us/articles/6334722356249-What-exchange-rates-are-used-for-YouBiz

14.  https://youbiz.zendesk.com/hc/en-us/articles/6188504687257-Is-there-a-fee-for-sending-money-locally

15. https://help.aspireapp.com/en/articles/9291596-guide-to-receiving-international-transfers-to-aspire-usd-account

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

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

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.