Airwallex alternatives in Singapore [2027]

Airwallex combines global payments with multi-currency accounts, but pricing and features vary by plan. Go through 11 alternatives for Singapore businesses

Key takeaways

• Airwallex offers multi-currency accounts, global payments, corporate cards and expense management for Singapore businesses
• Airwallex alternatives include Wise Business, Payoneer, Revolut Business, OFX, Nium, PayPal Business, PingPong Payments, Currenxie, Aspire and CurrencyFair, each serving different payment needs
• WorldFirst’s World Account supports receiving payments in 20+ currencies, transfers in 100+ currencies across 200+ countries and regions, and up to 20 virtual World Cards at zero issuance cost

Airwallex is a global payments provider for Singapore businesses, offering international transfers, business accounts, corporate cards and payment acceptance.¹  But SWIFT transfers cost S$20-S$35 per transaction, API pricing requires a custom quote, and card allowances vary by plan.²  Airwallex comes with different tiered plans with Grow costing S$79 per month and Accelerate starting at S$399 per month.²

This guide compares 11 Airwallex alternatives and also explores a multi-currency account by WorldFirst, the World Account that supports international payments in 20+ currencies.

What is Airwallex?

Airwallex provides multi-currency business accounts, corporate cards, international transfers and payment acceptance tools.^1,3  Its Global Accounts support receiving and holding funds in more than 20 currencies, while businesses can make local and international transfers.^1,3  The platform also offers expense controls and accounting integrations.⁴

→ Read the full Airwallex Singapore review here

What to look for in an Airwallex alternative

• Currency support: Check which currencies you can receive, hold, convert and send, including SGD, USD, EUR and GBP
• Total fees: Compare monthly subscriptions, per-user charges, transfer fees, foreign exchange markups and SWIFT costs
• Business cards: Check physical and virtual card availability, issuance limits, spending controls and foreign transaction fees
• Marketplace integrations: Confirm support for platforms such as Amazon, Shopify, Stripe and Etsy if you receive marketplace or payment gateway payouts
• Pricing transparency: Prefer clearly published fees when predictable costs matter, and request custom quotes for API or enterprise services
• Singapore regulatory status: Verify the provider’s relevant licensing or regulatory status with the Monetary Authority of Singapore (MAS)

Top Airwallex alternatives in Singapore

Comparison of Airwallex and its alternatives in Singapore

Fees checked in October 2026. Airwallex figures exclude GST.

1. WorldFirst (World Account)

WorldFirst is an international payments provider offering the World Account, a multi-currency account for Singaporean businesses trading internationally. It provides local receiving account details in 20+ currencies, including SGD, USD, GBP and EUR, allowing businesses to receive payments, hold funds in multiple currency balances and pay overseas suppliers.

Businesses can also receive funds from 130+ marketplaces and payment gateways, including Amazon, Lazada, Shopee, Shopify, Stripe and Etsy, and send payments in 100+ currencies across 200+ countries and regions. The World Account is linked to a virtual card, the World Card, which can be used anywhere Mastercard is accepted. The multi-currency card supports payments in 150+ currencies. Payments made in 15 supported currencies incur no fees when sufficient funds are held in the currency balance.

Additional features of the World Account

• Issue up to 20 virtual cards for business at no extra cost
• Use forward contracts to manage currency exposure
• Pay suppliers through World Pay, the authorised international payment provider for 1688.com
• Integrate with Xero and NetSuite to support accounting and reconciliation
• Earn cashback on eligible World Card spending, subject to terms and conditions

→ Businesses can also browse this guide to cashback debit cards in Singapore

*Fees checked in October 2026

→ Here’s a side-by-side comparison between World Card vs Airwallex Card

2. Wise Business

Wise Business provides local account details for receiving funds in 22 currencies, including USD, EUR and GBP.⁵  It supports international transfers to more than 160 countries, batch payments of up to 1,000 transfers and payouts from marketplaces such as Amazon and Etsy.⁵

Businesses can issue physical and digital business cards and use integrations with supported accounting and business platforms.⁵ Account setup and transaction charges apply according to the service and transfer route.^5,6

*Fees checked in October 2026

→ Compare World Card vs Wise Card in this guide

3. Payoneer

Payoneer provides multi-currency receiving accounts in 10 major currencies, including USD, EUR, GBP, SGD and AUD.⁷  Businesses can collect payments from international clients and over 2,000 marketplaces and platforms, request payments through multiple methods, and withdraw funds to local business bank accounts.⁷  It supports payments across 190+ countries and territories and 70 currencies, with solutions for businesses, freelancers and e-commerce sellers.⁷

*Fees checked in October 2026

4. Revolut Business

Revolut Business offers a multi-currency account for holding up to 30 currencies and exchanging 25+, with local Singapore account details and incoming transfers.^9,10  Businesses can issue physical and virtual debit cards with spending controls and approval workflows.^9,10

Batch payments can be used for payroll and supplier transfers through a single upload.^9,10  Revolut also integrates with accounting, e-commerce and workforce platforms, including Xero, QuickBooks, Shopify, WooCommerce and Deel.¹¹

*Fees checked in October 2026

5. OFX

OFX provides international payment services and multi-currency accounts for businesses receiving, holding, converting and sending funds.^14,15  Businesses can access local account details in USD, EUR, CAD and GBP, alongside domestic and international transfers.^14,15

Its services include foreign exchange support, forward contracts and limit orders for businesses managing currency exposure.^14,15  OFX also offers corporate cards and spending tools, with availability and pricing dependent on the service and account arrangement.^14,15

*Fees checked in October 2026

6. Nium

Nium provides payment infrastructure for financial institutions, fintechs, marketplaces and global businesses.¹⁷  It offers payment methods for cross-border payouts, multi-currency accounts, and physical and virtual cards for business spending.¹⁷

Businesses can integrate its payment capabilities into their own platforms through APIs.¹⁷  The platform supports payments across 190+ countries and offers access to real-time payment markets.¹⁷

Pricing: Not specified

*Fees checked in October 2026

7. PayPal Business

PayPal Business helps companies in Singapore accept online payments from international customers through checkout, payment links, invoicing and other payment solutions.¹⁸  It supports multiple currencies and provides tools for recurring payments, reporting and fraud prevention.¹⁸

Businesses can also use PayPal Open to pay in 130+ currencies, access multiple payment methods and optimise payouts and checkouts.¹⁸  The platform also offers risk management features to help improve payment success.¹⁸

*Fees checked in October 2026

8. PingPong Payments

PingPong Payments offers global accounts, international payouts, foreign exchange services and payment infrastructure for Singaporean businesses.²⁰  Its platform supports local accounts in more than 20 currencies, payments in over 25 currencies and access to alternative payment methods.²⁰  Businesses can also use multi-currency cards for advertising, subscriptions, supplier payments and team expenses.²⁰

Pricing: Not specified

*Fees checked in October 2026

9. Currenxie

Currenxie provides a Global Account for collecting, exchanging and sending international business payments.²¹  Its services include virtual accounts in multiple markets, foreign exchange, bank transfers and Visa business cards.²¹  Businesses can hold major currencies such as USD, EUR, GBP, JPY, AUD, CAD and HKD. ²¹

The platform supports local collections in more than 40 countries and local payouts in over 50 countries.²¹  It also offers accounting integration with Xero and team access controls.²¹

*Fees checked in October 2026

10. Aspire

Aspire offers an online business account with multi-currency payments, corporate cards, expense controls and accounting integrations.^23,24  It supports sending and receiving funds in more than 30 currencies, with international transfer fees and exchange rates displayed before transactions are completed.^23,24  Businesses can issue virtual corporate cards with spending controls and use integrations with Xero, QuickBooks, Oracle NetSuite, Deskera and SAP.^23,24 

*Fees checked in October 2026

→ Get a head-on comparison between Aspire vs Wise

11. CurrencyFair

CurrencyFair is an international money transfer provider.²⁶  Its platform supports transfers across more than 150 countries and over 20 currencies, with a matching exchange structure that can offer competitive rates for eligible currency pairs.²⁶ 

Businesses can set up transfers, add recipient details and fund transactions through supported methods.¹²⁶  Most major currencies are eligible for same-day transfers, although delivery times vary by route.²⁶

*Fees checked in October 2026

Which Airwallex alternative fits your business?

• Zero-fee multi-currency accounts: Choose accounts with zero setup, holding and card issuance fees to reduce costs across currencies
• Transparent mid-market FX rates: Look for mid-market exchange rates and upfront conversion fees to understand costs before exchanging funds
• Marketplace payouts for freelancers: Prioritise platform integrations, low withdrawal fees and reliable settlement times for overseas earnings
• Integrated expense management: Explore employee cards, spending limits and expense tracking to simplify business spending
• API-driven cross-border payouts: Look for an API-based payment infrastructure to automate international disbursements to contractors and partners
• International online payments: Compare global checkout options, supported currencies and transaction fees to serve overseas customers
• Peer-to-peer currency exchange: Look into matching-based exchange services and compare currency pairs, rates and transfer fees
• E-commerce marketplace settlements: Check compatibility with Amazon, Shopify and Lazada, alongside supported payout currencies and settlement fees

FAQs

1. How much does Airwallex cost in Singapore?

Airwallex pricing depends on the plan and services used.² Grow costs S$97 per month and Accelerate starts at S$399 per month, excluding GST.²  Additional spend users cost S$5 each monthly, Swift transfers cost S$20 for SHA or S$35 for OUR, and API pricing requires a custom quote.²

2. Which Airwallex alternative has low fees in Singapore?

There is no single low-cost provider for every business. WorldFirst has zero setup and monthly account fees, while Wise Business publishes transfer fees upfront.⁶  Total costs depend on payment routes, currency conversion, transaction volumes and card usage.

3. Which Airwallex alternatives offer business cards in Singapore?

WorldFirst, Wise Business, Revolut Business, OFX, PingPong Payments, Currenxie and Aspire offer business card services, subject to eligibility and product availability.^{1,6,9,14,20,21}  WorldFirst’s World Card supports up to 20 virtual cards at no extra issuance cost. Card types, foreign transaction fees and spending controls vary by provider.

Sources

1. https://www.airwallex.com/en-sg/business-account/global-accounts
2. https://www.airwallex.com/en-sg/pricing
3. https://www.airwallex.com/en-sg/business-account/transfers
4. https://www.airwallex.com/en-sg/integrations
5. https://wise.com/sg/business/
6. https://wise.com/sg/pricing/business
7. https://www.payoneer.com
8. https://www.payoneer.com/about/pricing/
9. https://www.revolut.com/en-SG/business/
10. https://www.revolut.com/en-SG/business/multi-currency-accounts/
11. https://www.revolut.com/en-SG/business/integrations/
12. https://www.revolut.com/en-SG/business/business-account-plans/
13. https://www.revolut.com/en-SG/legal/business-basic-fees/
14. https://www.ofx.com/en-us/?pid=15779&gad_source=1
15. https://www.ofx.com/en-us/business/global-business-account/
16. https://www.ofx.com/en-us/business/pricing/#compare-feature
17. https://www.nium.com
18. https://www.paypal.com/sg/home
19. https://www.paypal.com/sg/business/paypal-business-fees
20. https://www.pingpongx.com/sg/home?lang=en-sg
21. https://currenxie.com/products/global-account
22. https://currenxie.com/pricing?_gl=1*3isd7l*_up*MQ..*_gs*MQ..&gclid=CjwKCAjw_9bWBhBGEiwAomyTIlvl_Nb17B8ThiEp6iHyeoEitT8bU97KIpH6trPlx86iajQhdVKevxoC1yYQAvD_BwE&gbraid=0AAAAABRO4uje26xaEM1zUtWdFO9LbgvMy
23. https://aspireapp.com/en-sg/
24. https://aspireapp.com/en-sg/business-account
25. https://aspireapp.com/en-sg/pricing
26. https://www.currencyfair.com
27. https://www.currencyfair.com/how-it-works/currency-exchange-fees

The information contained is general only. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, accuracy is not guaranteed and the information may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the article and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from reliance on such information.