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Latha Natarajan

Finance Director at Tech In Asia

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September 27, 2023

Understanding E-commerce Contribution Margin: The Formula and Significance for Entrepreneurs

Discover the power of Contribution Margin in business analysis. Learn how to calculate and optimise it for better profitability.

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November 23, 2022

Singapore GST rate hike 2023-2024: What This Means for Your Business & How CFOs Can Prepare

Singapore's GST rate will be increased to 8% in 2023. Read on to learn how this will impact your business and the actions CFOs should take.

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August 27, 2021

Top 10 Buy Now, Pay Later (BNPL) Players in Southeast Asia

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Aspire is ranked among the top ten fastest-growing companies in 2023, compiled by The Straits Times and Statista

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Aspire FT Pte. Ltd. ("Aspire") has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, "PS Act") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website here.

Aspire has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website here.

Aspire is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently this service is provided only by MAS licensed entities partnering with Aspire (”Partners”), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found here.

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Aspire FT Pte. Ltd. ("Aspire") has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, "PS Act") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website here.

Aspire has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website here.

Aspire is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently, this service is provided only by MAS licensed entities partnering with Aspire ("Partners"), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found here.

Yield is being provided by AFT SG 2 Pte Ltd (AFT) in Singapore. AFT is licensed under the Securities and Futures Act in respect of dealing in capital markets products (collective investment schemes) and providing custodial services.

If you wish to discuss data protection matters, please contact our Data Protection Officer at singapore-dpo@aspireapp.com 