Statrys vs Airwallex (2025): Which is the best choice for Singapore companies? Features and fees compared

Key takeaways

• Airwallex offers a unified platform for global financial operations, providing everything from multi-currency business accounts to payments to spend management and integrations with leading accounting and eCommerce tools.

• Statrys is a service-focused fintech with a smaller product suite, offering accounts in 11 currencies and ATM-enabled cards. 

• Statrys Business Account offering is yet to be released in Singapore, instead asking businesses to join a waitlist.

Your financial platform can make a big difference to how efficiently your business operates. Both Statrys and Airwallex give you multi-currency accounts and international transfer capabilities, but the similarities end there.

For Singapore companies with cross-border ambitions, Airwallex delivers an end-to-end financial infrastructure designed to cover all your business needs and scale with you, while Statrys offers more limited solutions in scope and scale.

In this article, we compare features, fees, and setup processes in detail to help you decide whether Statrys’ limited features are enough – or whether you would benefit from Airwallex’s all-in-one financial platform designed to grow with your business.

What is Airwallex?

Airwallex is a global financial platform for businesses that operate across borders. Headquartered in Singapore, it gives companies a single place to hold, move, and manage money worldwide. Airwallex is designed to replace legacy finance systems, offering a unified platform for global financial operations, that saves teams time and costs.

Key features include:

• Multi-currency accounts supporting 23+ currencies

• Local account details in 70+ countries

• Collect payments in 130+ currencies and transfer funds to 200+ countries

• Fast, low-cost international transfers, with 90% processed through local rails

• Physical and virtual corporate cards available in 40 markets

• Integrated expense management and accounts payable

• Direct integrations with accounting and ecommerce platforms like Xero, QuickBooks, Shopify, and WooCommerce

Airwallex is licensed by the Monetary Authority of Singapore and already supports thousands of companies in the region. It provides the financial infrastructure to scale from local to global without changing providers.

What is Statrys?

Statrys, based in Hong Kong in 2018, is a service-focused fintech focused on SMEs and startups in Asia. It is licensed in Singapore, Hong Kong, and the UK, and is known for offering dedicated account managers and personalised support.

Key features include:

• Multi-currency account supporting 11 major currencies (coming soon in SG)

• Physical and virtual Mastercard cards

• Integration with Xero accounting software

While simple and service-oriented, Statrys has limited global reach and fewer tools beyond payments and FX, which makes it more suitable for smaller or Hong Kong-focused businesses than for Singapore firms planning regional or global growth.

How do the features of Airwallex and Statrys compare in Singapore?

Note: Statrys offering is not yet available in Singapore, but is listed as coming soon on their website. 

Their Hong Kong offering focuses on providing a Business Account supporting 11 major currencies under a single account number, with cards that work at ATMs and an account manager for each customer.

Airwallex offers Singapore businesses multi-currency accounts supporting the holding of 23+ currencies, and the ability to collect funds like a local across 70+ countries. Global payment acceptance from 200+ countries, spend management solutions and corporate credit cards, and billing features also make up the extensive product suite.

Note: The information in this table has been reviewed to be accurate as of 17 September 2025.

Statrys vs Airwallex: in-depth look at features

Multi-currency accounts

Statrys’ Business Account is not currently available to Singapore businesses (as of 18 September 2025). Their Hong Kong offering supports 11 major ones including SGD, USD, EUR, GBP, HKD, JPY, AUD, CAD, NZD, and CHF, which covers common trade corridors in Asia and beyond.

Airwallex’s business bank account goes further with support for over 23 currencies and the ability to collect funds like a local in more than 70 countries, including Singapore, the US, UK, Europe, and Australia. This means overseas clients can pay you as if you held a domestic account in their market, improving cash flow and reducing conversion costs.

Payments and transfers

Statrys supports international payments primarily through SWIFT, with local payment options like FPS and CHATS only active in Hong Kong. 

Airwallex processes payouts to over 200 countries, with 120+ countries using local payment rails such as FAST in Singapore, SEPA in Europe, or ACH in the US. These local systems move money as if it were a domestic transfer, making them faster and cheaper than SWIFT. Payments often arrive within hours or the same day.

Payment acceptance

Statrys connects to Stripe, PayPal, and Shopify, allowing you to channel ecommerce revenues into your account via third-party providers.

Airwallex has its own payment gateway in Singapore, plus no-code payment links and support for local payment methods. Because collections sit in the same ecosystem as your accounts, FX, and payouts, you reduce manual reconciliation and keep all flows under one platform.

Cards and expense management

Statrys issues physical and virtual Mastercard cards linked to your account. These can be used globally, with ATM withdrawals available.

Airwallex also provides physical and virtual cards across 40 markets. Cards are tied directly into an expense management system that lets you set limits, approve reimbursements, and track spending in real time. This is useful for finance teams looking to stay in control as headcount and spending increase.

Integrations and workflows

Statrys has integration with Xero and basic approval workflows through maker and approver roles.

Airwallex integrates with Xero, QuickBooks, Shopify, WooCommerce, and other platforms. Data syncs automatically, which simplifies reconciliation and improves month-end reporting accuracy. Approval workflows can also be customised to match your company’s policies.

Onboarding and status in Singapore

Statrys is running a waitlist for its Singapore Business Account. That means there is no track record of local performance for Singapore companies.

Airwallex has been licensed by the Monetary Authority of Singapore as a Major Payment Institution since 2020. It has operated locally for five years, with digital onboarding that lets most businesses get approved quickly, and a platform designed to scale from local to global activity.

Which has better fees in Singapore: Airwallex or Statrys?

Fees make or break the value of a business account, especially if you're handling regular cross-border payments or high transaction volumes. 

Statrys has no account opening fees, monthly fees, or minimum deposits. You pay based on activity, with charges across transfers, FX, and payments. Airwallex also has no monthly account fees, minimum deposits, or hidden charges. You only pay when you move money, and the cost depends on the type of transaction.

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

Which is easier to set up in Singapore: Airwallex or Statrys?

Airwallex is designed for speed. Opening an account with Airwallex is 100% online, and only takes a few minutes. To get started, you’ll need:

• A registered business in Singapore

• A valid NRIC or passport for identity verification

• Proof of address and business details

• Names and IDs of directors or shareholders (if applicable)

Once submitted, our team will review your application. Most accounts are approved within a few business days. Want to see how it works? Watch our quick demo.

Statrys is not yet available to Singapore businesses, inviting them to join a waitlist online to be kept up to date on when they lauch their offering.

Airwallex vs Statrys: which is the best option for my business?

Both Airwallex and Statrys give you a way to manage money across borders. The difference is how far each platform can take you. For Singapore companies with cross-border ambitions, Airwallex delivers an end-to-end financial infrastructure designed to cover all your business needs and scale with you, while Statrys offers more limited solutions in scope and scale.

3 reasons why businesses choose Airwallex over Statrys

Global coverage

Airwallex lets you operate like a local in 70+ countries and transact in 130+ currencies. That means faster payments and better control over cash flow. See how JCO Jewellery scaled internationally with Airwallex.

All-in-one platform

Instead of juggling multiple providers, you can manage accounts, FX, cards, expenses, and payment acceptance in one place. Mighty Jaxx uses this unified approach to support global growth.

Reclaim your time

With automated reconciliation, spend controls, and integrated payment gateways, you can spend less time on admin and more time building your business. Love, Bonito uses Airwallex to simplify operations while expanding across Asia.

Airwallex: the global financial platform built to scale with your business

Airwallex gives your business the infrastructure to scale globally. From one platform, you manage accounts, FX, cards, expenses, and payment acceptance, cutting out the need for multiple providers.

You can open local accounts in 70+ countries, transact in 130+ currencies, and send payments to 200 markets quickly and at low cost. That means fewer fees, less admin, and more time to focus on growth.

Frequently asked questions (FAQs) 

Is Airwallex licensed in Singapore?

Yes. Airwallex (Singapore) Pte. Ltd. is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the Payment Services Act. This means it is regulated in Singapore for services such as domestic money transfer, cross-border transfers, merchant acquisition, and e-money issuance. Airwallex also safeguards client funds with leading global banks, so your money is protected in line with MAS requirements.

Is Statrys licensed in Singapore?

As of 2023, Statrys is licensed by the MAS as a Major Payment Institution under the Payment Services Act. However, its Singapore business account is yet to be launched, so companies here cannot yet open a fully licensed local account with Statrys.

Can I have both an Airwallex and Statrys business account?

Yes. Some companies use multiple providers to diversify their payment setup. However, most businesses find that Airwallex alone covers both local and global needs.

Sources:

1. statrys.com/sg 

2. statrys.com/pricing

3. statrys.com/forex 

All comparisons and information reflect Airwallex’s own research using public documentation as of 18 September 2025, and have not been independently validated.

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, or guarantees regarding content accuracy, completeness, or currentness. Product features, pricing and other details are subject to change. Airwallex does not guarantee the continued accuracy of this information and is not responsible for any inaccuracies that may arise from such changes. This publication is not intended to be relied on for the purpose of making a decision about a financial product. Users are encouraged to conduct their own verification and seek their own advice.

If you would like to request an update of the content in this publication, 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.