Volopay corporate card review 2026: Features, fees, and benefits

Rating

Overall rating: 3.7 / 5

Methodology

Our evaluation of the Volopay corporate card is based on a clear and transparent rating framework that is designed to provide an objective overview of its overall quality and performance.

Arithmetic mean approach

To arrive at the final score, we calculate the arithmetic mean, which involves adding up individual category scores and dividing the result by the total number of categories.

Equal weighting

Each category (Features, Pricing & FX, Global payments, Ease of onboarding, and Support & ecosystem) is assigned equal importance, ensuring a balanced and unbiased final score.

Data sources

Our ratings are based on official documentation, publicly available pricing and feature details, third-party reviews, and verified user feedback.

Interpretation caveat

While this method provides a fair and objective benchmark, it does not reflect individual business priorities.

Intended use

The resulting score is designed as a general performance indicator, useful for making comparisons and informing decision-making. But it should be considered alongside your specific business needs and priorities.

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Volopay corporate card key features in 2026

Volopay is a Singapore-based financial solutions provider licensed as a 'Major Payment Institution' by the Monetary Authority of Singapore. It offers business accounts, corporate cards, automated expense management, and accounting integrations designed to simplify global financial operations. Through its business account and corporate card, Volopay helps businesses move money across 180+ countries at competitive FX rates and no hidden fees.

Here are the highlights of the Volopay corporate card:

Multi-currency prepaid card

The Volopay corporate card is a Visa prepaid debit card that can receive, hold, and pay in 11 major currencies, including USD, EUR, GBP, SGD, HKD, and JPY. By leveraging Visa's vast payment network, it supports business spending and vendor payments in 180+ countries. As the card is linked to a Volopay multi-currency business account or multi-currency wallets, users have the freedom to load multiple currencies and pay in different currencies.

Virtual and physical cards

Available in both physical and virtual forms, the Volopay card makes it convenient to manage online payments and make in-person purchases. Card issuance is instant and users are entitled to unlimited virtual cards – one for each member of your team or workforce so that they can take care of their business expenses without spending out of pocket, thus eliminating the need for reimbursement claims. You can easily load the cards from the Volopay platform, ensuring there are no missed payments or unhappy suppliers.

Built-in expense management

With Volopay's expense management tools, companies can create budgets and multi-level approvals as well as set spending controls and merchant restrictions for each card. So, while each employee has their own card, the company maintains tight control and full visibility over business spending. A real-time expense tracking tool ensures they don't miss a single transaction while fully automated expense reconciliation, expense reporting, and recurring payments allow finance teams to function with speed and efficiency.

Card security

Each corporate card can be temporarily frozen or permanently blocked in case of loss or theft. As the cards are independent of each other, they can be instantly isolated from the network, making them a safe choice.

ATM withdrawals

Respecting the need for cash transactions in various circumstances, physical Volopay cards can be used to make ATMs withdrawals.¹

Accounting integrations

Volopay offers seamless integrations with leading accounting software such as Xero, QuickBooks, NetSuite, Deskera, and more, ensuring that card expenses are in sync with company ledgers.

Volopay fees and exchange rates in 2026

Volopay uses an SaaS subscription-based pricing model and offers two plans for Singapore businesses – 'Premium card' and 'Accounts payable automation'.² Prices and fees are available only on request. However, here are some publicly discussed Volopay pricing details:

Card fees

• Card issuance fee: Digital cards are free while plastic cards cost SGD $5 apiece
  

Transaction fees

• Local transaction fees: Not disclosed
  
• Foreign transaction fees: Not disclosed
  
• ATM withdrawal fees: Not disclosed
  

Exchange rates

• Not publicly disclosed. However, Volopay claims to offer "the best competitive exchange rates in the market" with not hidden fees³
  

Account fees

• Account opening fees: None
  
• Subscription fees: Monthly or annual subscription fees apply. Details not disclosed
  
• Free trial: Customers can save costs by availing of a 12-month free trial (check for availability)
  

How to apply for a Volopay corporate card in Singapore

Getting a Volopay corporate card is simple. Here's how to go about it:

Eligibility

Anybody with an active Volopay business account can issue corporate cards. Any company registered in Singapore or with a Singapore entity onboarded by Volopay is eligible for a Volopay business account.

Documentation

While card issuance is a paperless process, companies are required to submit certain documents at the time of account opening. These include company registration documents issued by ACRA, proof of ID and address, and a letter of authorisation.

When applying for a Volopay business account, a company representative will get in touch with the applicant to walk them through the next steps. After the account has been approved and activated, one can start issuing corporate cards.

Volopay corporate card application process – A step-by-step guide

To issue a virtual card:

• Log in to your Volopay account and navigate to 'Cards' on the dashboard
  
• Click on 'Virtual card section', then select the '+ Virtual card' button
  
• Enter the details of the person (self or employee) the card is meant for
  
• Select card linkages (for example, the card holder's department or projects they are involved in)
  
• Once the form is complete, click on 'Request card'
  
• The virtual card is instantly available for use⁴
  

To apply for a physical card:

• On the Volopay dashboard, navigate to the 'Cards' window and select 'Physical cards'
  
• Click the 'Order' button
  
• Choose between bulk cards or personalised individual cards
  
• Select the 'User' for whom the card is intended
  
• Enter the delivery address
  
• Click on 'Continue' to review your details and check if approval is required
  
• Click 'Submit and wait for approval
  
• Once approved, the card will be delivered at the address provided within 3-5 days. Remember that international shipping charges might apply⁵
  
• Alternatively, employees can also apply for a physical corporate card for themselves on their 'My Volopay' page⁶
  

Who is the Volopay Singapore corporate card best suited for

The Volopay web page describes its card as "the best business corporate card for small and enterprise businesses".⁷ It benefits businesses that make multi-currency payments and perform international transactions in Volopay's 11 supported currencies as well as those requiring automated recurring payments. Meanwhile, Volopay's offer of free unlimited corporate cards suits companies with large remote workforces, allowing them to improve cash flow and manage company expenses efficiently without the headache of reimbursements.

Additionally, Volopay's robust expense management and accounting software integrations are tailor-made for companies looking to streamline their financial operations, adopt automated workflows, eliminate manual data entry, and track expenses in real time. As an all-in-one financial solution, Volopay is also a good fit for firms that don’t want that hassle of switching between multiple bank accounts and financial management tools to manage their vendor payments and subscription fees.

Volopay Singapore corporate card is not a good fit for

On the other hand, Volopay corporate debit cards don't necessarily cater to the needs of Singapore businesses with extensive multi-currency requirements and high-volume international transactions. It is also a poor match for companies looking for lines of credit or those prioritising cash backs and reward programmes.

Volopay corporate card pros and cons

Let's sum up the advantages of the Volopay prepaid card:

• Multi-currency support
  
• Cross-border payments in 180 countries
  
• Choice of physical and virtual cards, issued in just a few clicks
  
• Unlimited digital cards at no cost
  
• ATM withdrawals through physical cards
  
• Instant card freezing and blocking to secure funds
  
• Robust expense management and accounting tools including real-time expense tracking, custom spending limits, and automated financial workflows
  

Meanwhile, there are a few disadvantages:

• Only 11 currencies supported
  
• Physical cards are not free
  
• Subscription-based pricing might not suit all companies
  
• Pricing details and foreign exchange fees are not publicly disclosed
  
• Primarily focused on the Asia Pacific region
  

Volopay corporate card vs Aspire corporate card

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With more multi-currency support, market-leading foreign exchange rates, and zero transaction fees, the Aspire corporate card has the edge over the Volopay card.

Other alternatives to Volopay corporate card

• Revolut: The Revolut Business debit cards boasts exceptional currency support. While users can hold up to 34 currencies in their Revolut business accounts, they can make card transactions in more than 130+ currencies across 100 countries. Revolut offers physical, virtual, and special stainless steel cards. Each card comes with comprehensive spend controls, automated invoicing, and seamless accounting integrations. The first physical card is free
  
• YouBiz: A prepaid debit card like the Volopay card, the YouBiz corporate card offers greater currency support. While it can hold in 9 major currencies, it supports global transactions in 150+ currencies across 190+ countries. Card issuance is free and incoming cross-border transactions are also free. Like Volopay, YouBiz bundles its business accounts and corporate cards with expense management and accounting tools
  
• Airwallex: The AirWallex Borderless card is aptly named as it allows users to hold 11 major currencies and transact in 130+ currencies across countries covered by the Visa network. Other highlights include zero transaction fees and competitive foreign exchange rates. Airwallex offers free corporate cards for up to 5 spend users, with unlimited digital cards provided under its most expensive subscription plan (Accelerate).
  

Conclusion

To sum up, the Volopay corporate debit card's strength lies in its expansive expense management and accounting tools, which allow Singapore businesses to streamline financial operations and maintain full control and visibility into business expenses. But when it comes to affordability and global coverage, the Aspire corporate card is a stronger alternative. Not only does it facilitate payments in 30+ currencies across 130 countries, it charges zero transaction fees and offers some of the lowest FX rates in the market. Aspire's cross-border payment solution is designed for speed, making it possible to send same-day transfers in over 15 currencies. With sophisticated expense management and budgeting capabilities and accounting integrations, Aspire matches Volopay's corporate debit card in every aspect.

FAQs

What are the benefits of using Volopay?

By combining multi-currency business accounts and corporate cards with expense management and accounting integrations, Volopay provides customers with international payment support and effective financial management solutions at an affordable price.

How secure is Volopay?

Volopay uses data encryption, multi-factor authentication, and security audits to keep client data safe. Its corporate cards can be instantly frozen or blocked to prevent fund misuse in case of theft or loss. They also come with strict spending limits and merchant locks. In Singapore, Volopay is licensed and regulated by the Monetary Authority of Singapore.

What are Volopay’s fees?

Volopay follows a quotation-based subscription pricing model with prices available only on request.

How to use Volopay?

You can use Volopay to open a multi-currency business account, issue unlimited digital cards as well as physical cards for you and your employees, and manage funds and make international transactions in 11 currencies across 180 countries. Simultaneously, you can use Volopay's expense management tools and accounting integrations to set spending limits on cards, automate bill payments, track expenses, and improve your financial reporting capabilities.

Is Volopay good for start-ups?

Yes, Volopay is considered a good fit for start-ups with modest multi-currency needs. By streamlining vendor payments and subscriptions, eliminating the need for reimbursements, automating workflows, and offering visibility into company expenses, Volopay frees new companies from mundane tasks and allows them to focus on growing their business instead.

Is Volopay a product-based company?

Yes, Volopay is a products-based fintech specialising in all-in-one financial management through business accounts, corporate cards, and expense management and accounting solutions.