Aspire cuts fees on receiving international payments by 66% to help entrepreneurs keep more of every dollar

For many entrepreneurs, expanding internationally often means losing hard-earned margins to conversion costs and hidden fees. SMEs in Singapore collectively lose an estimated US$5.66 billion in unclear foreign exchange markups. Aspire’s FX re-pricing initiative aims to change that. The company has reduced FX conversion costs by 66% this year, making collecting overseas payments faster and fairer for entrepreneurs operating across markets.

Supporting more than 30+ currencies such as USD, EUR, SGD, GBP and JPY, Aspire makes it simple for businesses to collect payments from global clients. The company also recently lowered fees for sending international payments to further support businesses expanding globally. Whether receiving payments from overseas clients or paying international vendors, Aspire helps entrepreneurs keep more of their money to power growth.

“Every entrepreneur remembers the excitement of landing their first overseas client, and the frustration of watching part of that payment disappear to fees. Aspire was built for entrepreneurs who think globally, says Andrea Baronchelli, CEO and co-founder of Aspire. “Lowering FX fees by 66% is just one of the ways we’re giving control back to them, because every dollar saved is another opportunity to grow.”

The updated FX fees are available immediately to all Aspire Singapore business account users. To learn more please visit https://aspireapp.com/global-payments.