Top 9 Wise alternatives & competitors in Singapore (2026)

Key Takeaways:

• Wise Business works well if you need to send and receive international money, hold multiple currencies, and issue debit cards for light business use.

• However, Wise doesn't include built-in payment acceptance, and you need to pay a one-time setup fee to unlock local account details on the Wise Business plan.

• Airwallex is built for businesses operating across markets, offering multi-currency Global Accounts, payments to 200+ countries, corporate cards, and expense management, all in one platform.

Looking for Wise alternatives? Wise Business is a popular choice for sending and receiving international payments, thanks to its transparent pricing, multi-currency account, and ease of use.

However, as your business grows, you may need more than just cross-border transfers.

In this guide, we'll compare nine of the best Wise alternatives in Singapore for 2026, covering each platform's features, pricing, strengths, and limitations so you can choose the right solution for your business.

What is Wise?

Wise is a UK-based financial technology company that simplifies global money transfers for individuals and businesses. Launched in Singapore in 2017, it positions itself as a lower-cost alternative to traditional banks for sending money across borders.

Singapore businesses can use the Wise Business account to send and receive international payments, hold and convert multiple currencies, and manage basic international transfers.

Wise also lets business customers issue debit cards, make batch payments, and integrate with accounting software.

For a more detailed breakdown of features and limitations, see our Wise Business Account review.

Information in this section is based on Wise’s official website as of 16 Sep 2026.

9 best Wise alternatives in Singapore compared

Here's a quick overview of the top Wise alternatives in Singapore:

Note: The information in this table has been reviewed to be accurate as of 16 Sep 2026.

1. Airwallex

Airwallex is a fintech platform built for businesses that operate across multiple markets. It brings multi-currency accounts, international transfers, payment acceptance, corporate cards, and expense management together in one platform.

Airwallex supports transfers to 200+ countries and regions, compared with 160+ countries on Wise, and 94% of its transfers go through local rails with $0 transfer fees.

With Airwallex, you can also receive payments using local account details in 20 countries at no additional cost, while Wise charges a one-time S$99 fee to access local account details.

Key features:

• Multi-currency Global Accounts with local account details in 20 countries

• Transfer to 200+ countries, with free transfers to 120+ countries via local rails

• Accept online payments with cards and 160+ local payment methods

• Issue virtual and physical corporate cards with built-in spending controls.

• Built-in expense management with receipt capture, reimbursements, approval workflows, and spend policies.

• Integrations with leading accounting, eCommerce, and business platforms, including Xero, QuickBooks, NetSuite, Shopify, and WooCommerce.

Airwallex has no setup fees, monthly fees, or minimum balances on its free Explore plan. You can sign up fully online.

2. Aspire

Aspire is a Singapore-based financial technology platform that offers multi-currency business accounts, international payments, corporate cards, and spend management tools.

In addition to helping businesses move money across borders, it includes features for managing employee spending and accounts payable from a single platform.

It's well suited for startups and small to medium-sized businesses that want to centralise day-to-day financial operations, including business payments, company cards, and expense management.

Key features:¹

• Multi-currency business accounts for holding and managing funds across different currencies.

• Send international business payments to 130+ countries.

• Virtual and physical corporate cards with custom spending controls.

• Built-in expense management with receipt capture, approvals, and spend tracking.

• Accounts payable automation, including bill payments and approval workflows.

• Batch payments for paying multiple suppliers in a single transfer.

• Integrations with accounting platforms such as Xero, QuickBooks, and NetSuite.

Information in this section is based on Aspire’s official website as of 16 Sep 2026.

3. Revolut Business

Revolut Business is a fintech platform that offers multi-currency business accounts, international payments, corporate cards, and tools for managing company spending.

It also provides features for currency exchange and business payments, making it a popular option for businesses that transact internationally.

It's well suited for businesses that regularly send and receive payments in multiple currencies and want access to corporate cards and basic expense management alongside their business account.

Key features:²

• Multi-currency business account for holding and exchanging multiple currencies.

• International payments to 150+ countries.

• Virtual and physical corporate cards with spending controls.

• Expense management tools for tracking and managing company spending.

• Batch payments for sending multiple transfers at once.

• Integrations with accounting software such as Xero and QuickBooks.

• Currency exchange using real-time exchange rates, subject to plan limits.

Information in this section is based on Revolut’s official website as of 16 Sep 2026.

4. PayPal

Originally built for online payments, PayPal has grown into one of the world's largest digital payment platforms.

Businesses in Singapore can use it to accept payments from customers around the world, send international payments, create invoices, and manage transactions across multiple markets.

It's well suited for eCommerce businesses, freelancers, and service providers that prioritise payment acceptance and want a widely recognised payment option for international customers.

Key features:³

• Accept online payments through PayPal Checkout.

• Send and receive payments in multiple currencies.

• International payments to 156+ countries and regions.

• Create and send invoices directly from your PayPal Business account.

• Batch payments for paying multiple recipients at once.

• Integrates with major ecommerce platforms, including Shopify and WooCommerce.

• Seller protection on eligible transactions.

Information in this section is based on PayPal’s official website as of 16 Sep 2026.

5. YouBiz

Developed by YouTrip, YouBiz is a business account designed for small businesses that need to manage day-to-day business spending and international payments. It combines a multi-currency account with corporate cards and expense management features in a single platform.

It's well suited for startups and SMEs looking for a simple way to manage company spending, issue cards to employees, and make cross-border payments without relying on a traditional bank.

Key features:⁴

• Multi-currency business account for holding and managing funds.

• International payments to 150+ countries.

• Virtual and physical corporate cards for business spending.

• Expense management tools with transaction tracking and receipt collection.

• Batch payments for business transfers.

• Integrations with accounting software, including Xero.

• Foreign exchange capabilities for supported currencies.

Information in this section is based on YouBiz’s official website as of 16 Sep 2026.

6. Payoneer

Payoneer specialises in cross-border payments for businesses, freelancers, and online sellers.

In addition to international transfers, it lets businesses receive payments from overseas clients and marketplaces, making it a popular choice for companies with global customers.

It's well suited for exporters, eCommerce businesses, and service providers that regularly receive payments from international clients and marketplaces before paying suppliers or contractors overseas.

Key features:⁵

• Receive payments with local receiving accounts in multiple currencies.

• Receive payments from leading online marketplaces and freelance platforms.

• Send international business payments to 190+ countries and territories.

• Virtual and physical business Mastercard® cards for company spending.

• Batch payments for paying multiple suppliers, contractors, or partners.

• Integrations with leading ecommerce marketplaces and platforms.

• Hold and manage balances across multiple currencies.

Information in this section is based on Payoneer’s official website as of 16 Sep 2026.

7. ANEXT Bank

ANEXT Bank is a Singapore-licensed digital wholesale bank that provides business banking services for SMEs.

Alongside multi-currency business accounts, it offers international transfers, financing solutions, and other banking services designed to support businesses with local and cross-border operations.

It's well suited for businesses that prefer a digital banking experience while still accessing products such as business loans and trade financing alongside their everyday banking needs.

Key features:⁶

• Multi-currency business account that lets you hold four currencies

• International transfers via SWIFT and local payment rails such as FAST, PayNow and GIRO.

• Bulk payments for multiple SGD recipients.

• Business loans for eligible SMEs.

• Earn daily interest on eligible SGD, USD and EUR balances.

• Digital account opening and online banking.

• Foreign exchange for supported currencies.

Information in this section is based on ANEXT’s official website as of 16 Sep 2026.

8. DBS Business Multi-Currency Account

The DBS Business Multi-Currency Account is designed for businesses that need to manage payments and balances across different currencies while accessing a full range of business banking services.

In addition to everyday banking, DBS offers cash management, trade finance, lending, and foreign exchange solutions for businesses of different sizes.

It's well suited for businesses that prefer working with an established bank and want their multi-currency account to integrate with a broader suite of banking services.

Key features:⁷

• Hold and transact in multiple currencies from a single business account.

• Business cards for company spending.

• Batch payments for domestic and international transfers.

• Domestic payment services including FAST, PayNow Corporate and GIRO.

• Cash management services for business payments and collections.

• Access to business financing and trade finance solutions.

• Foreign exchange services for supported currencies.

Information in this section is based on DBS’s official website as of 16 Sep 2026.

9. OCBC Multi-Currency Business Account

The OCBC Multi-Currency Business Account helps businesses manage funds in multiple currencies while providing access to OCBC's broader business banking services.

Businesses can use it for everyday banking, international payments, foreign exchange, and cash management through a single banking relationship.

It's well suited for businesses that value the stability of a traditional bank and want to manage cross-border transactions alongside other business banking needs.

Key features:⁸

• Hold and transact in multiple currencies from a single business account.

• Business cards for company spending.

• Batch payments for domestic and international transfers.

• Domestic payment services including FAST, PayNow Corporate and GIRO.

• Cash management solutions for business payments and collections.

• Access to business financing and trade finance services.

• Foreign exchange services for supported currencies.

Information in this section is based on OCBC’s official website as of 16 Sep 2026.

What to consider when choosing a Wise alternative

The right provider depends on how your business manages international payments and day-to-day finances. Here are some of the most important factors to compare before making a decision:

• Global payment coverage: Check which countries and currencies each provider supports for international transfers, especially if you pay overseas suppliers or employees.

• Multi-currency capabilities: Consider whether you can hold, receive, and convert the currencies your business uses. Some providers also offer local account details to reduce conversion costs.

• Payment acceptance: If you sell online, look for providers that also offer a payment gateway so you can accept payments from customers, not just send money.

• Corporate cards and expense management: Features like employee cards, spending controls, and expense tracking can help simplify business spending.

• Integrations: Integrations with accounting, ecommerce, or ERP platforms can reduce manual work and improve financial visibility.

• Pricing: Compare transfer fees, foreign exchange markups, and any monthly or account fees to understand the overall cost.

Why Singapore businesses choose Airwallex over Wise

For businesses that need more than sending and receiving money internationally, Airwallex combines payment acceptance, global transfers, and business spending tools in one platform.

Here’s what you can do with Airwallex:

• Accept payments both online and in-store. Airwallex supports eCommerce checkout as well as Airwallex POS, giving businesses one provider for online and offline payments. Wise does not currently offer a payment gateway.

• Send money to more destinations. Airwallex supports international transfers to 200+ countries and regions, compared with 160+ countries on Wise.

• Access local account details without a setup fee. Airwallex provides local account details in 20 countries at no additional cost. Wise Business charges a one-time S$99 fee to unlock local account details.

Frequently asked questions (FAQs)

What is the best alternative to Wise Business in Singapore?

The best alternative depends on your business needs. If you mainly send international payments, platforms such as Aspire, Revolut Business, and Payoneer may be suitable options. If you also need a payment gateway, corporate cards, expense management, and multi-currency business accounts in one platform, Airwallex offers a broader range of business finance tools.

Can I receive payments in multiple currencies with Wise Business?

Yes. Wise Business lets eligible Singapore businesses hold 49 currencies and receive payments using local account details in supported currencies. The number of available local account details depends on your business location.

Does Wise Business have a payment gateway?

No. Wise Business lets businesses send, receive, and hold funds in multiple currencies, but it doesn't offer a built-in payment gateway for accepting online customer payments as of the date of publication. If you need to accept card payments or local payment methods, you'll need to use a separate payment service provider or choose a platform that includes payment acceptance.

Can I get a business debit card with Wise Business?

Yes. Wise Business offers business debit cards that can be used to spend funds held in your Wise account across supported currencies. Businesses can also issue cards to team members and manage spending through the Wise Business account.

Sources:

1. https://aspireapp.com, https://aspireapp.com/global-payments

2. https://www.revolut.com/en-SG/business/

3. https://www.paypal.com/sg/business, https://securepayments.paypal.com/us/business/make-payments/mass-payments

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

5. https://www.payoneer.com/

6. https://anext.com.sg/bank/, https://anext.com.sg/bank/business-account/

7. https://www.dbs.com.sg/sme/default.page

8. https://www.ocbc.com/business-banking/digital-business-banking

9. https://wise.com/sg/business/, https://wise.com/help/articles/2897238/which-currencies-can-i-add-keep-and-receive-in-my-wise-account/db.tar.gz