Here is a look at the top multi-currency cards available to Singapore businesses for international spending
Key takeaways
- A multi-currency card lets you hold, convert and spend in multiple currencies globally
- World Card by WorldFirst supports payments in 150+ currencies and you can get up to 20 virtual cards at no additional cost
- Wise and Airwallex also offer virtual cards that can be used for business expenses
- DBS, UOB FX+ and YouTrip cards focus more on personal travel expenses s rather than business expense management
For businesses paying overseas suppliers, running ad campaigns or managing SaaS subscriptions, international spending often comes with a hidden cost: foreign transaction fees and exchange rate markups that quickly eat into already thin margins.
A multi-currency card can optimise business spending by letting you pay directly from balances held in different currencies, instead of converting on every transaction.
This guide compares the best multi-currency cards in Singapore for businesses, covering fees, supported currencies, card features and international payment capabilities to help you choose the right option.
What is a multi-currency card?
A multi-currency card is a debit or prepaid payment card linked to a multi-currency account that holds balances in multiple foreign currencies.
When you make a payment in a foreign currency, the card draws from the matching currency balance in your account, as long as you have sufficient funds in that currency.
For example, if your card is linked to an account holding USD, EUR, and SGD, a USD subscription payment is debited directly from your USD balance, with no conversion taking place.
If the matching currency balance isn’t held in the account, or if the available balance is below the transaction amount, the provider converts funds from another available currency (typically your base currency, such as SGD) to cover the payment. A currency conversion or FX fee may apply on the converted portion, depending on the card provider.
What to look for in a multi-currency card
Here are the key features to compare:
- Use case: Decide whether you need a card for your entire team or just yourself. Business cards typically include team cards, spending controls and expense management tools for supplier payments, advertising and SaaS subscriptions, while personal travel cards focus on overseas shopping, travel spending and ATM withdrawals.
- Supported currencies: Check how many currencies you can hold in the linked account, which currencies the card supports for spending, and whether it automatically converts from another balance when the payment currency isn’t available.
- Exchange rates: Compare whether the provider uses the current market exchange rate, interbank rate or its own partner rate. Also check the FX markup or conversion fee charged when a currency exchange is required.
- Fees: Look beyond annual or card issuance fees and compare foreign transaction fees, currency conversion charges, ATM withdrawal fees.
- Card features: Choose between virtual, physical or both, depending on how you spend. Also check how many cards you can issue, whether Apple Pay and Google Pay are supported, and if the card runs on VISA or Mastercard.
- Account integration: Consider the account linked to the card, including supported currencies, international payment capabilities, accounting integrations, employee cards and spending controls.
Top multi-currency cards in Singapore: Head-to-head comparison
| Fee type | World Card | Wise Business Card2 | Airwallex Corporate Card6 | UOB FX7 | YouTrip card10 | DBS Visa multi-currency card11,12 |
| Card issuance | Zero for up to 20 virtual cards | S$99 one-time fee | Zero | Zero | Zero | Zero |
| Monthly card fee | Zero | Zero | Zero | Zero but S$18.34 annual fee, waived for the first three years | Zero | Zero |
| Foreign transaction fee | Zero when paying from supported currency balances | Zero when paying from supported currency balances | Zero when paid from available balances | Zero | Zero | 2.65% |
| Currency conversion | Up to 0.6% | From 0.23% | 0.4% FX markup on major currencies and 0.6% on all other currencies | Not specified | Not specified | Not specified |
| Cashback | Available, terms and conditions apply | Available3 | Available | Available | Available9 | Available |
1. World Card by WorldFirst
The World Card is a Mastercard-powered virtual business card that can be used to pay international suppliers, software subscriptions, advertising platforms and travel expenses. You can use it to pay in 150+ currencies wherever Mastercard is accepted. When you have sufficient funds in one of the 15 supported spending currencies, card payments are processed without foreign exchange fees.
The card is linked to the World Account, a multi-currency account that lets you hold more than 20 currencies and fund card payments directly from your available balances. Businesses can issue up to 20 virtual cards from a single account at no extra cost. Each card includes individual spending limits, real-time transaction tracking and instant freeze or cancellation controls through the dashboard or mobile app.
Key features of the World Card
- Mastercard virtual business card accepted in 150+ currencies across 200+ countries
- Linked to the World Account, supporting 20+ held currencies
- Up to 20 virtual cards from one account at no extra cost
- Individual spend limits and team-based card controls
- Real-time transaction tracking and instant card freeze
- No FX fees when spending from supported currency balances
- Cashback on eligible card spend, terms and conditions apply
| Fee type | World Card |
| Card issuance | Zero for up to 20 virtual cards |
| Monthly card fee | Zero |
| Foreign transaction fee | Zero when paying from supported currency balances |
| Currency conversion | Up to 0.6% |
| Cashback | Available, terms and conditions apply |
*Fees checked in September 2026
2. Wise Business Card
The Wise business card is a multi-currency card in Singapore powered by Mastercard that comes with a one-time fee of S$99 and supports online and in-store payments in 40+ currencies across 160+ countries.1 When you pay in a currency already held in your account, the card uses that balance directly.11Otherwise, Wise converts your funds at the available exchange rate and a conversion fee.1
The card is linked to the Wise Business account, which supports multi-currency balances and provides local account.1 Card controls include spending alerts, transaction approvals, custom spending limits and instant freeze or unfreeze functionality.1 Virtual cards are created instantly and can be added to Apple Pay or Google Pay.1
→ Take a look at our detailed Wise Singapore Review and World Card vs Wise Card comparison
Pros and cons of the Wise Business Card
| Pros | Cons |
|
|
| Fee type | Wise Business Card2 |
| Card issuance | S$99 one-time fee |
| Monthly card fee | Zero |
| Foreign transaction fee | Zero when paying from supported currency balances |
| Currency conversion | From 0.23% |
| Cashback | Available3 |
*Fees checked in September 2026
3. Airwallex Corporate Card
The Airwallex Corporate Card is a Visa-powered business debit card available as both virtual and physical cards for employees.5 Purchases are deducted directly from available currency balances held in the linked Airwallex Wallet.5 If you do not hold enough of the payment currency, Airwallex automatically converts from your available balance at its applicable exchange rate.5
The card is connected to the Airwallex multi-currency business account, which allows businesses to hold 20+ currencies across 120+ countries.5,6 Businesses can instantly issue, freeze or cancel cards, apply transaction limits, create approval workflows and monitor spending in real time from one dashboard.5
→ Take a look at our detailed Airwallex Singapore Review
Pros and cons of the Airwallex Corporate Card
| Pros | Cons |
|
|
Pricing
| Fee type | Airwallex Corporate Card6 |
| Card issuance | Zero |
| Monthly card fee | Zero |
| Foreign transaction fee | Zero when paid from available balances |
| Currency conversion | 0.4% FX markup on major currencies and 0.6% on all other currencies |
| Cashback | Available |
*Fees checked in September 2026
4. UOB FX+
The UOB FX card is a Mastercard-powered card designed primarily for personal travel and overseas spending rather than business expenses.7 It lets you spend worldwide with 0% foreign transaction fees and supports direct spending from your linked foreign currency balances.7
The card is linked to the UOB FX+ account, which supports selected foreign currencies across 210 countries.7 Cardholders can set exchange rate alerts, automate currency conversions and manage balances directly from the mobile app.7 The card also supports overseas ATM withdrawals at 2.5% administrative fee, plus a flat fee of S$5.7
Pros and cons of the UOB FX+
| Pros | Cons |
|
|
Pricing
| Fee type | UOB FX7 |
| Card issuance | Zero |
| Monthly card fee | Zero but S$18.34 annual fee, waived for the first three years |
| Foreign transaction fee | Zero |
| Currency conversion | Not specified |
| Cashback | Available |
*Fees checked in September 2026
5. YouTrip
The YouTrip Mastercard is a multi-currency personal travel card that supports spending in 150+ countries.8 It also allows you to exchange and hold 12 currencies in its multi-currency travel wallet, before making purchases.8 The forex card in Singapore can be added to Apple Pay/Google Pay.8 YouTrip debit card offers overseas spending with no foreign transaction fees, alongside no-fee ATM withdrawals up to S$400/month.8
→ Take a look at our detailed YouTrip card review
Pros and cons of the YouTrip card
| Pros | Cons |
|
|
| Fee type | YouTrip card10 |
| Card issuance | Zero |
| Annual fee | Zero |
| Foreign transaction fee | Zero |
| Currency conversion | Not specified |
| Cashback | Available9 |
*Fees checked in September 2026
6. DBS multi-currency card
The DBS Visa multi-currency card is a personal debit card that is linked to the DBS mult-currency account. The card pulls funds from the multi-currency account which supports balances in SGD and 11 foreign currencies including USD, EUR, GBP, EUR, AUD, and more.11
→ Take a look at the detailed DBS multi-currency card review
Pros and cons of the DBS multi-currency card
| Pros | Cons |
|
|
| Fee type | DBS Visa multi-currency card11,12 |
| Card issuance | Zero |
| Annual fee | Zero |
| Foreign transaction fee | 2.65% |
| Currency conversion | Not specified |
| Cashback | Available |
*Fees checked in September 2026
Choosing the right multi-currency card for your needs
A multi-currency card can help your business reduce the cost of international spending while making it easier to manage payments across different currencies. The right card depends on your payment volumes, supported currencies, fees and the business features you need. Compare exchange rates, card charges, spending controls and the capabilities of the linked multi-currency account before deciding.
FAQs
1. What is the best multi-currency travel card in Singapore?
The best multi-currency travel card depends on how you spend it abroad. Look for a card that offers competitive exchange rates, low or no foreign transaction fees, global acceptance and support for the currencies you use most.
2. How do I choose the right multi-currency card?
Compare the supported currencies, exchange rates, fees and card features. Businesses can also consider employee cards, spending controls, accounting integrations and the capabilities of the linked multi-currency account.
3. What is the difference between a business multi-currency card and a personal travel card?
Business cards are designed for company expenses and include features like individual cards for team members, spending controls, expense management tools and more. Personal travel cards mainly focus on overseas spending, ATM access and travel-related purchases.
4. Do multi-currency cards charge foreign transaction fees?
Not always. Many providers waive foreign transaction fees when you pay using an available balance in the same currency. If a currency conversion is required, the provider may instead charge a currency conversion or FX fee.
Sources
- https://wise.com/sg/business/card
- https://wise.com/sg/pricing/business
- https://wise.com/help/articles/7aOdAQe49CaY7Wz9XOk8DJ/how-does-card-cashback-for-businesses-work?origin=search-cashback+on+card
- https://wise.com/help/articles/2978049/where-can-i-use-wise?origin=search-restricted+countries+for+card
- https://www.airwallex.com/en-sg/spend-management/cards
- https://www.airwallex.com/en-sg/pricing
- https://www.uob.com.sg/personal/save/foreign-currency-accounts/fxplus.page
- https://www.you.co/sg/
- https://www.you.co/biz/corporate-cards/
- https://support.you.co/hc/en-us/articles/360000608414-What-are-the-fees-involved-in-using-a-YouTrip-account
- https://www.dbs.com.sg/personal/cards/debit-cards/dbs-visa-debit
- https://www.dbs.com.sg/personal/cards/cards-rates-fees.page
This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.
