OCTIS vs Airwallex vs Wise vs Revolut for Malaysian businesses
Two of the three do not offer business accounts in Malaysia. That decides the comparison.
Last checked · 4 sources
Otty's short answer
Wise's Malaysia site says Malaysia does not have Wise Business yet, and we found no Revolut Business product for Malaysian companies. A Sdn Bhd that wants a multi-currency account today can look at Airwallex or WorldFirst. Wise can still be used personally in Malaysia, but that is a different product and not a company account.
Side by side
Swipe to see every column
| What matters | OCTISSdn Bhd + OCTIS | Airwallex | Wise | Revolut Business |
|---|---|---|---|---|
| Business account for Sdn Bhd | Multi-currency business account via licensed partners | Yes | Not available yet | Not found for Malaysia |
| Monthly fee | Priced from your bill; no separate account line to track | RM0 | Not applicable | Not applicable |
| Account opening | Arranged through OCTIS | Free, online | Not applicable | Not applicable |
| FX margin | Set by our licensed partner; quoted before you commit | 0.4% majors, 1.0% others | Not applicable | Not applicable |
| Local MYR transfers | Collect and send payments via licensed partners | Free | Not applicable | Not applicable |
| SWIFT transfer | Set by our licensed partner; quoted before you commit | RM30 to RM90 | Not applicable | Not applicable |
| Company cards | Corporate card via licensed partners | Free, virtual and physical | Not for businesses | Not applicable |
| Accounting links | Bookkeeping by OCTIS accountants in the same workspace | Xero, QuickBooks free | Not applicable | Not applicable |
| Malaysian entity | Your own Sdn Bhd, incorporated through OCTIS at least 10% below any qualifying quote (Lowest Price Guarantee) | Airwallex (Malaysia) Sdn. Bhd. | Wise Payments Malaysia Sdn. Bhd. | None found |
| Bank Negara licence | Not a bank; accounts and FX via licensed partners | MSB, e-money, acquirer | Remittance, money-changing, e-money | None found |
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Sdn Bhd + OCTIS
Choose OCTIS if you want a Malaysian Sdn Bhd with a multi-currency account via licensed partners, plus accounting and CRM in one workspace.
Airwallex
Choose Airwallex if you are a Malaysian company that needs multi-currency accounts, FX and cards today.
Wise
Use Wise only as a personal account. It has no business product in Malaysia at the time of writing.
Revolut Business
Wait on Revolut Business. Third-party guides say it is not available in Malaysia and has no Malaysian licence yet.
What the table does not show
What the providers say
Wise's own Malaysia page says Malaysia does not have Wise Business yet. The same page says Wise Payments Malaysia Sdn. Bhd. is licensed by Bank Negara Malaysia for remittance, money-changing and e-money issuance, which covers its personal service. Revolut is not listed as serving Malaysian residents in the guides we read, and a Wise article says a launch could come later with no date.
If you already use Wise or Revolut from abroad
A Hong Kong, Singapore or UK entity can hold a Wise or Revolut business account in its own country. A Malaysian Sdn Bhd cannot rely on that for its own banking. Opening an account for a Malaysian company in another country is a separate decision with its own rules, and not something to do only to get a card.
Alternatives for a Sdn Bhd
Airwallex and WorldFirst both serve Malaysian companies with multi-currency balances. Traditional banks also offer foreign-currency services. Compare the FX rate on a real USD payment, not the headline fee.
Where OCTIS fits
Whichever account you open, your books still need doing. OCTIS bookkeeping reconciles statements from a bank or a multi-currency account and handles foreign-currency entries for tax filing in Malaysia. OCTIS is not a bank and has no partnership with Airwallex or any provider named here. Ask about 10–30% off your current bill.
Frequently asked questions
Does Wise Business work in Malaysia?
Not yet. Wise's Malaysia page states that Malaysia does not have Wise Business. It offers personal services under a Bank Negara licence.
Can I use Revolut Business with a Malaysian company?
We found no Revolut Business product for Malaysian companies. Third-party guides say Revolut does not serve Malaysia and holds no Malaysian licence. Check Revolut directly for any change.
What is the best Wise alternative for Malaysian business?
Airwallex and WorldFirst both serve Malaysian companies. Airwallex publishes 0.4% over interbank on major currencies and has free virtual and physical cards.
Is Airwallex regulated in Malaysia?
Airwallex (Malaysia) Sdn. Bhd. states it holds a Money Services Business licence, is an e-money issuer and is a registered merchant acquirer. It is not a bank.
Sources
Checked on the date above. Links open the provider's or regulator's own page.