OCTIS vs Aspire vs Revolut Business vs Wise Business in Singapore
Three ways to pay and hold foreign currency. Only one gives you full Singapore local rails.
Last checked · 5 sources
Otty's short answer
Wise Business charges a one-time S$99 and converts from 0.19%, with no monthly fee. Aspire's blog reports Revolut Business plans from S$0 to S$417 per month, with FX free up to a plan allowance and then 0.6%, which Revolut's own pages did not let us confirm. Aspire has a S$0 plan and Singapore rails such as PayNow, FAST and GIRO. Pick Wise for cheap conversion, Revolut for cards and allowances, Aspire for local payments and cashback.
Side by side
Swipe to see every column
| What matters | OCTISHong Kong company + OCTIS global plan | Aspire | Revolut Business | Wise Business |
|---|---|---|---|---|
| Monthly fee | 10–30% below your current bill | S$0 Basic; S$15 Premium | Reported by Aspire: S$0 to S$417 | None |
| One-time fee | Set by our licensed partner; quoted before you commit | None | Not published on page read | S$99 for account details |
| FX rate | Foreign exchange via licensed partners | From 0.46%; Premium 0% to S$13,000 | 0% to allowance, then 0.6% (reported by Aspire) | From 0.19%, varies by currency |
| Free FX allowance | Set by our licensed partner; quoted before you commit | S$13,000 on Premium | S$1,500 to S$250,000 (reported by Aspire) | None; volume discounts |
| Local transfers | Collecting and sending payments via licensed partners | Free, no cap stated | Not published on page read | Fee from 0.19% |
| Currencies | International multi-currency account via licensed partners | 8 account currencies | Not published on page read | 22 receivable |
| Cards | Corporate card via licensed partners | Up to 200 virtual; 1 physical per user | Not published on page read | Physical and digital debit |
| ATM withdrawals | Set by our licensed partner; quoted before you commit | Not on pricing page | Not published on page read | First S$100 free; 1.75% over |
| Interest on balances | Not an OCTIS product | Up to 1.15% SGD, 3.38% USD | Not published on page read | 1.05% SGD, 3.55% USD |
| Accounting links | Bookkeeping by OCTIS, in the same workspace | Xero, QuickBooks, NetSuite | Xero, QuickBooks, FreeAgent | Not published on page read |
| MAS status | Not a licensee; licensed partners provide the services | Temporary PSA exemption | Not confirmed on page read | Major Payment Institution |
If you have staff, premises or local sales in this country, its own registration and tax rules still apply. OCTIS can help you arrange them.
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 · Hong Kong company + OCTIS global plan
Choose OCTIS if you sell to customers in several countries and want your Hong Kong company, multi-currency banking via licensed partners and CRM in one place.
Aspire
Choose Aspire if you need PayNow, FAST and GIRO, cashback cards and a S$0 plan.
Revolut Business
Choose Revolut Business if you pay many small FX amounts inside a plan allowance and want many virtual cards.
Wise Business
Choose Wise Business if conversion rate matters most and you can live without Singapore local rails.
What the table does not show
Who has Singapore local rails
Aspire lists PayNow, FAST, GIRO and MEPS as local rails and says local transfers are free. Aspire's March 2026 comparison says Revolut Business does not support PayNow, FAST, GIRO or CPF natively, which we could not confirm on Revolut's own pages because they blocked automated reads. Wise's business page shows a Singapore account but lists no fee for local SGD transfers beyond a sending fee from 0.19%. If you pay Singapore suppliers and staff by GIRO, check the rails before you move volume.
How each charges for FX
Wise lists conversion from 0.19% and a one-time S$99 to open receiving details for 22 currencies, with volume discounts above 30,000 SGD. Aspire's blog reports Revolut gives 0% FX up to S$1,500 on Basic, S$13,000 on Grow, S$60,000 on Scale and S$250,000 on Enterprise, then 0.6%. We could not confirm this on Revolut's own pages. Aspire lists FX from 0.46% on Basic, and Premium covers the first S$13,000 at 0%. For small, frequent conversions Revolut's allowance can win. For large ones Wise's percentage can win.
Yield and safeguards
Wise Business offers returns of 1.05% on SGD and 3.55% on USD after fees, through Lion Global and Fidelity funds. Aspire lists up to 1.15% SGD and 3.38% USD on Basic. Both say capital is at risk. Wise holds a Major Payment Institution licence, PS20200413. Aspire holds temporary exemptions. None of the three is a bank, so none carries SDIC cover.
Where OCTIS fits
Several accounts mean several statement feeds. OCTIS sells in Malaysia and Hong Kong only, so it does not keep books or file tax for a Singapore company. If your Malaysian or Hong Kong company pays Singapore suppliers from Aspire, Wise or Revolut, OCTIS bookkeeping can reconcile each statement into the home books. OCTIS is not a bank and has no partnership with any provider here. Ask about 10–30% off your current bill.
Frequently asked questions
Is Aspire better than Revolut Business in Singapore?
For Singapore payments, Aspire has the edge because it supports PayNow, FAST and GIRO, according to Aspire's comparison. Revolut Business may suit you if you convert currency often inside plan allowances. Revolut's own pages blocked our read, so check its current plan table.
Is Wise Business cheaper than Aspire?
Wise lists conversion from 0.19% against Aspire's 0.46% on Basic, but charges a one-time S$99 for account details. Aspire has no setup fee and adds cashback. Which costs less depends on how much you convert and what you spend on cards.
Does Wise Business have a monthly fee in Singapore?
No. Wise says registration is free, with no subscription or monthly fees. A one-time S$99 gets you account details for 22 currencies. You then pay per conversion, from 0.19% depending on the currency, and receiving fees on some wires.
How much is Revolut Business in Singapore?
Revolut's own pages blocked our read. Aspire's March 2026 blog, a competitor source, reports Basic as free, Grow from S$15 per month, Scale at S$84 and Enterprise at S$417, with free FX allowances from S$1,500 to S$250,000 and then 0.6%. Treat these as reported and confirm on Revolut's plan page, including whether it serves your company type.
Are Aspire, Revolut and Wise covered by SDIC?
No. SDIC protects deposits at member banks up to S$100,000. Aspire says it provides no deposit insurance. Wise says funds are held in segregated accounts and that capital in its returns product may be at risk. Treat all three as payment accounts, not bank deposits.
Sources
Checked on the date above. Links open the provider's or regulator's own page.