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Please note: For businesses who have regular incoming invoice payments but are not users of the list of Eligible E-Commerce Payout Platforms, register your interest to speak with our Aspire Commercial Team for a customised promotion offer.
Commonly asked questions
What is an Aspire Account?
The Aspire Account is a business account that allows you to send and receive money for your business operations.
Is Aspire regulated by MAS?
Aspire FT Pte. Ltd. is currently exempted from holding a licence to provide payment services under the Payment Services Act (No. 2 of 2019). You can find the list of exempted entities here. Credit lines to businesses are issued by Aspire Financial Technologies Pte. Ltd, which is an exempted moneylender under the Moneylenders Act (Cap. 188). Visa cards are issued and powered by NIUM Pte Ltd. Consumers and cardholders are advised to read all terms and conditions which can be found here.
Who is eligible for an Aspire Account?
All entities registered in Singapore with ACRA are eligible to apply.
The applicant must be the director of the business.
The director does not need to be a Singapore citizen, so foreigners are eligible to apply as long as their entity is registered in Singapore with ACRA.
What documents do I need to submit to apply?
You'll need just your director’s identity document (NRIC, Passport, EP, DP, or Work Pass), or you can apply via MyInfo (Singpass)
How long will it take for my account to be approved?
Accounts with all required documentation are approved within a few working hours. Should we need additional documents, Aspire will reach out. Upon approval, you will be able to use your account and card to transact immediately.
What are the fees involved for opening an Aspire Account?
Opening an Aspire Business Account is completely free. There are no monthly, fall-below, or hidden fees. We take a transparent approach towards transaction pricing, which you can view here.
How is the money in my account secured?
Your funds are kept strictly segregated in a trust account with a tier-1 partner bank which is safeguarded.
Do business with confidence
Your data is stored and protected behind multiple layers of authentication. Accounts are enabled with two factor authentication for added security.
Security is at our core
We implement the highest digital security encryption and access protocols. Customer privacy is central to our build and we never share your data.
Customer service is our priority
We’re here to help in whichever format you prefer. Search our FAQs, chat, call, or email us directly.
Get started today
Easy, fast, transparent. Aspire gives over 10,000 business owners their money and time back.