Top Volopay alternatives in Singapore (2026): Features, fees, and comparisons

What Volopay offers businesses in 2026

Volopay is a Singapore-based fintech platform founded in 2019 that provides spend management and business payment tools for startups and growing companies. The platform combines a global business account, corporate cards, expense management, and accounts payable automation into a single dashboard designed to help finance teams control company spending and manage payments more efficiently.

Key features:

• Global payments and FX: Multi-currency wallets, USD-based accounts, and support for cross-border payments.
  
• Corporate cards: Issue physical and virtual cards to employees and partners with spending limits and card controls.
  
• Expense management: Centralised platform to manage team expenses, travel spending, and reimbursements from one dashboard¹.
  
• Accounts payable automation: Manage invoices, vendor payments, and approval workflows through automated processes.
  
• Customisation and support: Custom workflows, receipt requirements for expenses, and customer support available through chat, phone, or messaging channels.
  
• Accounting integration: Sync transactions with accounting tools such as QuickBooks and Xero, with support for APIs and webhooks.
  
• Payments and reimbursements: Tools for staff reimbursements, bulk payments through CSV uploads, and payroll support.
  
• Platform usability: Dashboard with role-based access for administrators, members, and accountants.
  
• Promotion and pricing: Promotional offers such as limited-time free-trial periods and tiered pricing based on monthly spend.
  

Why businesses search for Volopay alternatives in 2026

• FX charges not publicly disclosed: While Volopay supports international transfers, the foreign exchange markup is not publicly disclosed. For businesses that make frequent cross-border payments, unclear FX pricing can make it difficult to estimate the true cost of each transfer.
  
• Limited multi-currency wallet: Volopay’s global account supports a multi-currency wallet mainly centred on SGD and USD, with support for up to 11 currencies. Businesses operating across multiple regions may prefer platforms that allow them to hold and manage a wider range of currencies.
  
• Paid platform features: Some features, including advanced accounts payable tools and certain platform capabilities, are available only under paid subscription plans. For smaller companies or startups, these additional costs may influence platform choice.
  
• Card-related costs: Virtual cards are generally free, while physical cards may involve additional charges. Businesses that issue multiple cards for employees or manage larger teams may consider these costs when evaluating different platforms.
  

Quick comparison of Volopay alternatives in 2026

[Table:1]

Data as of March 2026. Note: Fees and features are subject to change. Confirm current rates directly with each provider before committing.

Best Volopay alternatives for Singapore businesses in 2026

Revolut Business

Revolut Business uses a subscription-based pricing model with different plans for companies that manage frequent payments and multiple currencies. The platform is used by more than 60 million customers worldwide and provides tools that go beyond simple transfers.

What Revolut offers

• Flexible pricing plans: Businesses can choose between Standard (SGD 0), Premium (SGD 10.99 per month), or Metal (SGD 21.99 per month), depending on the number of transactions they expect³.
  
• Forward contracts: Businesses can lock in an exchange rate for up to 12 months, which helps reduce the risk of currency fluctuations when paying international suppliers.
  
• Team spending controls: Companies can issue up to 200 virtual cards per team member and set detailed spending limits for each team member.
  
• International transfers: Send money to 150+ countries in more than 25 currencies.
  
• Cashback rewards: Some plans allow businesses to earn cashback on selected payments, depending on the subscription level.
  
• API integrations: Developers can connect Revolut with internal systems using the Revolut developer API to automate payments and financial workflows.
  

Pricing

A free Standard plan is available with basic features. Paid plans come with higher monthly fees but include larger transfer allowances and access to interbank exchange rates. Once the free allowances are used, additional transaction fees apply.

Considerations

Monthly subscription costs may increase as businesses move to higher plans. Customer support access can depend on the subscription tier. Some advanced tools are only available on the Premium or Metal plans.

YouBiz

YouBiz is a multi-currency business account launched in 2022 by YouTrip for Singapore-registered companies. It is regulated by the Monetary Authority of Singapore under the Payment Services Act and uses the same technology behind the YouTrip wallet, adapted for business payments.

What YouBiz offers

• Multi-currency accounts: Hold, send, and receive nine currencies, including SGD, USD, EUR, GBP, JPY, HKD, AUD, CHF, and THB (THB receiving is currently unavailable).
  
• Local transfers: Free FAST transfers within Singapore.
  
• International payments: Send money to 150+ countries with competitive FX rates.
  
• Corporate cards: Issue unlimited virtual and physical Mastercard corporate cards.
  
• Cashback: Earn 1% cashback on all eligible card spend, with no cap².
  
• Expense controls: Set spend limits, merchant controls, and team permissions.
  
• Accounting integration: Connect with Xero.
  

Pricing

No monthly account fee, no minimum balance, and no initial deposit required.

Considerations

The platform only supports 9 currencies. CPF contributions, salary payments, and tax payments to the Inland Revenue Authority of Singapore cannot be processed through the platform. Businesses cannot manage multiple subsidiaries from one dashboard.

Airwallex

Airwallex is built on an API-first platform, making it suitable for businesses that want to automate global payments and financial workflows rather than manage them manually.

What Airwallex offers

• Multi-currency accounts: Hold and send funds in 50+ currencies, with local bank details in major markets.
  
• FX fees: Currency conversion fees start from 0.4% per transfer.
  
• Payment gateway: Accept online payments through cards and digital wallets directly on the platform.
  
• Corporate cards: Issue physical and virtual cards to employees with individual spending limits.
  
• API integrations: Developers can use Airwallex APIs to automate payments, collections, and financial operations.
  

Pricing

No monthly account fee⁴. International transfers start from 0.4%, while local FAST transfers in Singapore are free.

Considerations

The platform does not provide full payroll processing, including tax calculations, CPF contributions, or submissions to the Inland Revenue Authority of Singapore.

Aspire

Aspire provides a multi-currency business account with integrated expense management tools for companies in Singapore. The platform is regulated by the Monetary Authority of Singapore, and customer funds are safeguarded with partner banks, including DBS Bank.

What Aspire offers

• Multi-currency accounts: Hold and receive payments in 30+ currencies across 130+ countries⁵, with local accounts available in USD, EUR, SGD, HKD, CNY, and GBP.
  
• Transparent FX rates: Foreign exchange fees start at 0.22%, and rates are shown before confirming a transaction.
  
• Local payment support: Supports PayNow, FAST, GIRO, payroll payments, CPF contributions, and corporate tax payments.
  
• Corporate cards: Issue up to 200 virtual or physical corporate cards on the basic plan, with 1% cashback on eligible marketing and SaaS spend.
  
• Expense management: Set team or project budgets, approval workflows, and real-time spending controls.
  
• Accounting integrations: Connect with Xero and QuickBooks, plus Oracle NetSuite, Deskera, and SAP.
  
• Yield feature: Earn up to 1.24% on SGD and 3.68% on USD balances through money market funds (as of February 2026), with no minimum balance and next business day withdrawals.
  

Pricing

No monthly fee, no account opening fee, and no minimum balance. Domestic transfers through FAST and GIRO are free. International transfers use mid-market exchange rates with a markup starting from 0.22%, shown upfront before confirming the transaction.

Considerations

Aspire is not a traditional bank, so it does not provide lending or deposit insurance. Some advanced tools may require higher-tier plans.

Key factors to evaluate when choosing a business financial services provider in 2026

If you are planning to switch, review these factors carefully before opening a new account:

1. Understand the FX pricing model

Foreign exchange costs can add up, especially when processing large volumes.

Check:

• Does the provider use the mid-market rate or apply a markup?
  
• Are there extra charges on weekends?
  
• Is pricing structured in tiers with monthly limits?
  
• Are all fees clearly shown before you confirm a transaction?
  

2. Evaluate the total cost, not just the monthly fee

Examine your expected usage pattern and calculate the actual cost.

Review the full fee structure, including:

• Monthly subscription fees
  
• FX markup percentage
  
• Card foreign transaction charges
  
• International transfer fees
  
• ATM or withdrawal fees
  

3. Confirm local payment capabilities

If your business primarily operates in Singapore, make sure the platform supports essential local rails such as:

• PayNow
  
• FAST and GIRO
  
• CPF contributions
  
• Salary payments
  
• Corporate tax payments
  

4. Assess expense management features

For growing teams, strong spending controls are important.

Check whether the platform provides:

• Budget limits by team or project
  
• Structured approval workflows
  
• Virtual and physical corporate cards
  
• Real-time transaction tracking
  
• Receipt capture and reconciliation tools
  

5. Consider scalability and global capability

Your banking partner should support your growth. Switching again in a year due to growth constraints can be disruptive.

Ensure the platform can manage:

• Higher transaction volumes
  
• Multi-currency holding accounts
  
• Local receiving details in key markets
  
• Batch payments or mass payouts
  
• API access for automation
  

6. Check accounting integrations

Manual reconciliation increases the risk of errors and adds administrative burden. Automation can reduce accounting workload and improve accuracy.

Look for:

• Direct integration with Xero, QuickBooks, or your accounting system
  
• API connectivity
  
• Automated and frequent data synchronisation
  

7. Review regulatory status and safeguards

Cost should not outweigh compliance and security.

Before moving, verify:

• Licensing status in Singapore or other locations where you operate
  
• How do they safeguard your (client) funds
  
• Whether deposit insurance applies
  
• Data security and compliance standards
  

Ready to move beyond Volopay

If your business needs more than spend management and corporate cards, you may consider Aspire as an alternative business account with broader financial tools.

• Multi-currency accounts supporting 30+ currencies across 130+ countries with global payments
  
• FX from 0.22% markup on mid-market rates, shown before each transfer
  
• Up to 200 corporate cards with built-in spend controls
  
• Expense management with budgets and approval workflows
  
• Local payments support, including PayNow, FAST, GIRO, CPF, and tax payments
  
• Accounting integrations with Xero, QuickBooks, and Oracle NetSuite
  

So, let's get started with the Aspire business account right away.

Frequently asked questions

Is Volopay safe?

Yes. Volopay generally follows recognised security and data protection standards used in the payments industry. The platform is SOC 2 and ISO 27001 certified, and its card infrastructure is PCI DSS compliant, which helps protect customer and card data.

Customer funds are also safeguarded in a trust account with DBS in Singapore, in line with the Monetary Authority of Singapore (MAS) requirements for safeguarding client funds. This structure helps ensure that client funds are kept separate from the company's operating funds.

Is Volopay licensed in Singapore?

Volopay works with operational partners regulated by the Monetary Authority of Singapore that hold Major Payment Institution licences under the Payment Services Act 2019. This allows the platform to provide services such as payments, card issuance, and cross-border transfers while complying with anti-money laundering and customer due diligence regulations. Volopay itself is not a bank, and customer funds are typically safeguarded with regulated financial institution partners.