Airwallex corporate card: Best alternatives in Singapore for 2026

What the Airwallex corporate card offers Singapore businesses in 2026

Airwallex Corporate Card is a corporate card solution that integrates automation, cost management, and multi-currency card payments into a single ecosystem for Singapore businesses in 2026.

Key features of the Airwallex corporate card:

• Supports multi-currency spending across 20+ currencies, making it suitable for businesses dealing with international suppliers and customers
• Offers FX rates, typically around 0.4% to 0.6% above interbank rates, helping businesses manage cross-border costs
• Enables you to issue multiple virtual and physical cards for employees, with controls set by user, card, or merchant category
• Includes built-in expense management tools, such as receipt capture and automatic transaction categorisation
• Provides approval workflows on higher-tier plans, allowing better control over team spending
• Integrates accounting software such as ApprovalMax, Asperato, Kingdee, NetSuite, Odoo, QuickBooks, Sage, Xero
• Maintains strong security features, including instant card freeze, 3D Secure, and merchant-level restrictions

Why businesses look for alternatives to the Airwallex corporate card in 2026

Airwallex's corporate card limitations become apparent when your business needs go beyond simple card transactions and require more robust end-to-end automation, deeper local Singapore compliance features, or advanced multi-level approval workflows.

• FX costs can add up depending on usage, as conversion fees of around 0.4% to 0.6% apply when you do not hold the currency, which may impact businesses with frequent cross-border transactions.
• Key features are tied to paid plans, with advanced controls like approval workflows and higher limits available only on subscription tiers.
• No ATM withdrawals are supported on the corporate card, which can be restrictive for businesses that require access to cash.
• Expense management costs can increase as teams grow, especially if additional users or features are needed beyond plan limits.

Quick comparison of Airwallex corporate card alternatives in 2026

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

Best Airwallex corporate card alternatives for Singapore businesses in 2026

Revolut Business corporate card

Revolut Business is the business banking arm of the fintech company Revolut. It is regulated by MAS as a Major Payment Institution. It offers corporate card issuance along with multi-currency accounts and expense management tools.

Key features of the Revolut Business card

• Physical and virtual Visa debit cards with per-card spending limits and transaction visibility.
• Supports multiple currencies, automatically converting at interbank exchange rates with no markup. Currency availability may vary by plan
• Role-based permissions and approval workflows to manage card issuance, set limits, and approve spend.
• Instant virtual card issuance for online subscriptions, vendor payments, and one-off purchases.
• Expense management dashboard with multi-user access, receipt capture, and transaction categorisation.
• Integrate with accounting software like Xero, FreeAgent, Board, AccountsIQ, Agicap, NetSuite, Odoo, Pandle, QuickBooks, QuickFile, Sage Intacct, BrightBooks, Clear Books, Sage Accounting, Sage 50 Accounts, Sage 200, Xledger, Zoho Books, Coconut, Crunch, Dext Prepare, Dynamics 365 Business Central, Ember, FreshBooks, Kashflow
• Use security features like 3D Secure, instant freeze, and spending controls.

Pricing:

Revolut Business has four plans. The Basic plan includes a multi-currency account, five fee-free local transfers every month, and exchange rates at the interbank rate up to SGD $1,500 every month. The next three plans are priced at SGD $15/month (Grow), SGD $84/month (Scale), and SGD $417/month (Enterprise), with higher FX fee allowance7. The first physical card per team member is free; additional physical cards incur a delivery fee of approximately SGD $9.99 for standard shipping. There are no monthly charges for holding a physical card; card fees are a one-time charge per additional card ordered.

Considerations:

Revolut Business corporate cards are suitable for international spending and purchases across various currencies. Businesses may have to maintain a secondary local bank account to comply with Singapore's statutory requirements. These are debit cards, so no borrowing or credit options are available.

Wise Business card

Wise Business is a well-known international cross-border payment platform licensed in Singapore. It offers a corporate card designed for businesses with frequent foreign currency transactions, providing access to mid-market exchange rates and clear, transparent fee structures.

Key features of the Wise Business card

• Offers physical and virtual multi-currency Visa debit cards
• FX conversion fees starting at 0.25%3 using the mid-market exchange rate
• Hold 40+ currencies at once, convert them in real time using the free Wise app11
• Freeze and unfreeze cards instantly for quick risk management
• Withdraw cash at ATMs for free twice a month up to SGD $350, with clear fees beyond that limit
• Team spending and card limits can be controlled.
• Real-time notifications for transactions by card, category, and team member.
• Integrates with tools like Xero, QuickBooks, NetSuite, Microsoft Dynamics 365, Sage, Wave, Odoo, Zoho, FreeAgent, Pennylane, FreshBooks, QuickFile, Moneybird, Billy, Fastbill, sevDesk or Exact Online
• Includes security features such as 3D Secure and multi-layer verification.

Pricing:

There is a one-time account setup fee of SGD $99 to access all business features. There are no monthly subscription fees. Charges apply per transaction, including conversions and transfers

Considerations:

The Wise Business card offers features for international spend and multi-currency purchases. There are no features for Singapore domestic cards. Wise cards cannot be used at local ATMs in Singapore, and the card programme does not offer PayNow, GIRO, or CPF contributions. Businesses often use Wise Business cards alongside a local account. Being debit cards, they do not include any credit facility.

OCBC business debit card

The OCBC business debit card is a Mastercard debit card designed for Singapore-based SMEs seeking a simple, no-fee card with cashback rewards on everyday business spending, backed by a trusted local bank.

Key features of the OCBC business debit card:

• Earn 1% cashback on digital marketing, software services, online retail, and travel spend (capped at SGD $80/month bonus rebate)
• Earn unlimited 0.2% cashback on all other spend with no cap
• No annual fee and no minimum spend required
• Available as both a physical and digital card, accessible instantly via the OCBC Business Mobile App or OCBC Velocity
• Access over 1,200 ATMs island-wide via Mastercard or NETS, and ATMs worldwide
• All transactions are debited directly from your business account with a single consolidated statement

Pricing:

• No annual or activation fee
• There is no minimum spend requirement
• Standard bank FX rates apply for overseas transactions
• Exact FX rates are not publicly disclosed

Considerations:

The OCBC business debit card is primarily built for local SGD spending and lacks multi-currency wallet functionality, making it less suitable for businesses with regular foreign currency needs. It does not offer expense management features such as approval workflows, receipt capture, or accounting integrations. Spend controls, virtual card issuance, and team-level budgeting are also not available.

Aspire corporate card

Aspire is an all-in-one finance operating system built for growing businesses. It combines corporate cards, expense management, bill payments, and accounts payable in a single platform, eliminating the need for multiple tools to manage company spend.

Key features of the Aspire corporate card

• Unlimited virtual and physical corporate Visa cards, issued instantly with per-card spending limits.
• Starting from just 0.22%2 with 0% FX on the first SGD $13,000 converted per month on the Premium plan.
• Multi-level approval workflows and budget tracking at client, project, or team level directly linked to card spend.
• Automated receipt capture with hourly Xero sync, plus integrations with QuickBooks, Osome, NetSuite, FreshBooks, Zoho, Deskera, Jurnal, Sage 50, Wave or Zahir
• Access security features like 3D Secure authentication, instant freeze and monitoring

Pricing:

• No annual card fee on any plan
• The first physical card is free, while additional cards cost SGD $15 each
• Virtual cards are issued for free
• Overseas ATM withdrawals cost SGD $5 per transaction, excluding operator fees
• FX fees start from 0.22%, with Premium users getting 0% FX on the first SGD $13,000 converted monthly

Considerations:

Some advanced features are available only on higher-tier plans. These are debit cards and do not offer any credit facility.

Key factors to evaluate when choosing a corporate card in 2026

With multiple corporate card options available today, choosing the right one can feel overwhelming. The ideal card should not only handle payments but also streamline operations, enhance visibility, and support your business as it grows.

Here are the key factors to consider before making a decision:

Look at the overall cost, not just the fee

Do not focus only on the annual fee. Check the full cost of using the card, including:

• Interest rates for credit cards
• Foreign exchange markup
• Hidden charges or platform fees
• ATM withdrawal charges

Track and manage expenses with ease

Corporate cards today should offer more than basic transactions, such as:

• Real-time expense tracking
• Automated reporting
• Centralised dashboards

Set clear controls on team spending

Control becomes important as your team grows.

Look for:

• Custom spending limits for employees
• Merchant or category restrictions
• Approval workflows

Ensure smooth global usage

For international businesses, prioritise:

• Multi-currency support or wallets
• Competitive FX rates
• Global acceptance

Connect easily with your accounting systems

The card should work smoothly with your systems.

Check for:

• Integration with accounting software
• Automated reconciliation
• Easy transaction data export

Choose cards that are easy to manage for teams

Managing cards should be simple.

Consider:

• Virtual and physical card options
• Instant issuance for employees
• Easy onboarding and offboarding

Understand how it supports your cash flow

Different cards offer different models, such as:

• Credit cards with interest-free periods
• Charge cards with full repayment cycles
• Prepaid or debit-based corporate cards for controlled spending

Pick rewards that match your spending

Rewards should match your spending pattern.

Evaluate:

• Cashback or benefits on marketing and SaaS expenses
• Flexibility in redemption
• Caps or limits on earnings

Prioritise strong security features

Security is essential with digital transactions.

Look for:

• Transaction alerts
• Card controls like freeze or block
• Fraud monitoring systems

Plan for future growth and scale

Think about long-term needs.

The right card should:

• Support higher limits as your business grows
• Adapt to global or multi-entity setups
• Offer advanced features like automation or AI insights

Conclusion

Selecting a corporate card is less about the number of features and more about how effectively it supports your business workflows. The right choice should help you manage global payments, control spending, and stay on top of finances without adding complexity.

While Airwallex offers strong capabilities for international transactions and multi-currency management, some businesses may look for solutions that bring together expenses, approvals, and accounting in a more integrated way.

Aspire, for instance, combines corporate cards with expense management, invoice management, budget management, payroll support and accounting integrations. This allows businesses to handle payments, track spending, and manage finances from a single platform.

Open an Aspire business account and take control of your company's finances from day one.

Frequently asked questions

Is Airwallex a credit card or a debit card?

Airwallex offers a corporate debit card, not a credit card.

Can I withdraw cash using the Airwallex corporate card?

No, Airwallex corporate cards do not support ATM withdrawals, which may be a limitation for some businesses.

Is Airwallex regulated in Singapore?

Yes, Airwallex is licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS), allowing it to offer payment services in Singapore.

Is switching from Airwallex to another provider difficult?

Switching is generally straightforward but may involve updating payment details, issuing new cards, and adjusting workflows depending on your setup.