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Aspire Business Account vs GXS Biz Account
Aspire is a full-stack finance platform for startups, SMEs, and mid-sized companies, covering accounts, cards, payments, and expense management. GXS is a digital bank built for Singapore businesses seeking a fully online banking experience. Here's how they compare.
About Aspire
Aspire Business Account is a Multi-Currency Business Account offered by Aspire, who operates as a Payment Services Institution in Singapore.
About GXS
GXS Biz Account is a SGD Business Current Account offered by GXS, who operates as a Local Bank in Singapore.
Aspire Business Account vs GXS Biz Account key differences
Here's a side-by-side comparison of both accounts to highlight key differences and help you choose the best business account for your needs.
| Payment Services Institution | Local Bank | |
|---|---|---|
| Business account | ||
| Account type | Multi-Currency Business Account | SGD Business Current Account |
| Payment rails | Domestic: FAST, GIRO, MEPS, PayNow, Local TT International: ACH, SEPA, SWIFT, FPS | Domestic: FAST and PayNow |
| Local collection accounts | 8 currencies (SGD, USD, EUR, GBP, MYR, PHP, IDR, VND) | SGD only |
| Batch payments | Supports in SGD, INR, USD, IDR, MYR, EUR, PHP, AUD, THB, VND | Not supported |
| API | Yes | No |
| Expense management | Offered natively for free; full expense management: corporate cards, real-time spend tracking, approval workflows, employee claims & reimbursements, budget management, receipt upload, accounting integration | Not offered |
| Invoicing | Offered natively | Not offered |
| Pricing and fees | ||
| Monthly fee | No monthly fee (Basic plan) / SGD $15 (Premium plan) | No monthly fee |
| Account set up fee | No account setup fee | No account setup fee |
| Minimum balance | No minimum balance required | No minimum balance required |
| Local transfer fee (sending) | PayNow, FAST, Recurring/ Scheduled Transfers, Local TT: Free | Free |
| International transfer fee (sending) | SWIFT: USD $15 (SHA), USD $30 (OUR) | Not available |
| Receiving payments fee | Local Receive: Free International Receive: SGD $35 for SGD account / USD $8 for other accounts via SWIFT | PayNow: Free |
| FX markup | From 0.22% | Not offered |
| Global coverage | ||
| Supported currencies | 30+ currencies: SGD, USD, EUR, GBP, AUD, CAD, HKD, JPY, INR, IDR + 20 currencies more | SGD only |
| Global payment network | 130+ countries | Singapore only |
| Integrations and ecosystem | ||
| Integration with third-party apps | 30+ integrations. Key apps: Amazon, Apple Pay, Xero, Info-Tech, Stripe | 2 integrations. Key apps: Singtel, Dash |
| Accounting software integrations | Integrates with 10+ softwares. Direct integration with Xero and Quickbooks | Not offered |
| E-commerce integration | Yes, with Shopify, Temu, Shopee, Amazon | Yes |
| ERP Integration | Yes | No |
| Support | ||
| Customer support | In-app live chat; email | Email; phone hotline |
Business account
Pricing and fees
Global coverage
Integrations and ecosystem
Support*Fees may vary, Comparison as of July 2026
Trusted by 50,000+ modern businesses
4.5 rating
3 reasons why Aspire is better
Aspire is built to be your primary business account, helping you save more, earn more, and move faster in your day-to-day operations. Here's how Aspire stands out.
One account that covers every currency your business operates in
With Aspire, you hold SGD, USD, EUR, GBP, MYR, PHP, IDR, VND and access 30+ currencies for payments, reducing the need to open accounts in every market you enter. GXS Biz Account operates primarily in SGD, limiting your ability to hold, send, and receive in the currencies your business actually uses. Aspire consolidates your multi-currency needs into a single platform without the friction of traditional FX flows.
A complete spend management suite built directly into Aspire
Rather than bolting on a third-party expense tool, Aspire includes native expense management: corporate cards, approvals, claims, and accounting sync in one platform. GXS Biz Account offers neither invoicing nor expense management natively, meaning you'd need separate tools and subscriptions to replicate what Aspire provides out of the box. When banking and expense management live in the same platform, finance reporting requires less manual assembly.
Eliminate manual reconciliation with 30+ native integrations
Aspire's 30+ integrations mean accounting entries, payment records, and expense data sync automatically, cutting the manual work of month-end reconciliation. GXS Biz Account has minimal or no third-party integrations, meaning manual data entry and reconciliation across systems. Aspire's integrations cover the tools that most growing businesses already use, so adoption requires minimal setup.
How Aspire works
Aspire brings together the security of traditional banking with the innovation of modern fintech to create the future of business finance. Here's what makes our platform uniquely powerful:
Trusted banking foundation
Your money is safeguarded in Tier 1 banks like DBS Singapore, and backed by partnerships with Citibank, JPMorgan, and Visa. Get the security of traditional banking with the speed of modern fintech - all fully compliant with MAS regulations.
Seamless global payments
Send and receive payments in 30+ currencies across 130+ countries at market-leading rates. Our transparent fee structure means no surprises, while smart workflows streamline your operations from payroll to revenue collection.
AI-powered financial control
Take charge with intelligent tools built for modern business. From multi-level approvals to real-time fraud detection, automated reconciliation to comprehensive integrations - work smarter, not harder.
Run your finances from one place
Open a multi-currency business account with no monthly fee, built-in invoicing, and real-time expense tracking.
Frequently asked questions about Aspire Business Account vs GXS Biz Account
Businesses that want to move faster than traditional banking allows should choose Aspire over GXS Biz Account. Specifically, growing startups and SMEs will benefit from Aspire's multi-currency wallets and 30+ currencies for cross-border activity, full built-in expense management and corporate cards, and 30+ integrations with tools like Xero, Shopify, and Stripe. If your team is scaling quickly and needs a platform that grows with you rather than a bank account that slows you down. Aspire is the natural choice. <div
GXS Biz Account suits micro-businesses and sole proprietors within the Grab and Singtel ecosystem who value a fully digital, no-fee SGD account with seamless integration into those platforms. If your business already operates through GrabFood, GrabPay, or Singtel services, GXS offers natural synergies. It's best suited for businesses operating primarily within Singapore's domestic market with straightforward, local-only payment needs. <div
GXS Biz Account is a licensed digital bank limited exclusively to Singapore-domestic operations: SGD only, no international transfer capability, and Singapore as its sole operating country. Aspire supports 130+ countries and 30+ transactable currencies from the same account. Aspire also includes native invoicing, expense management with approval workflows, and 30+ integrations with tools like Xero and QuickBooks, none of which GXS Biz Account offers. For businesses that need both domestic and international operations managed from a single platform, Aspire handles the full range of financial workflows that GXS is not built to support. For businesses that operate purely within Singapore, GXS's licensed bank status and savings features offer distinct value. For any business with cross-border payments or multi-currency requirements, GXS cannot function as the primary account. <div
For domestic SGD transactions, both accounts are broadly comparable on cost. The value gap opens the moment international payments are involved: GXS has no international transfer capability, while Aspire covers cross-border payments across 130+ countries. For any business with international payment needs, Aspire offers significantly more value from the same account.
Hear it first from our customers
Gregory Van
CEO of Endowus
“As a startup, we needed more flexible solutions to support our increasing needs, as well as ones that’d make the most financial sense in supporting our growth.”
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Holly Qian
Head of Finance at First Page
“By leveraging Aspire, First Page aimed to establish tighter control over our financial outflows, ensuring that all media spending stayed within the allocated budget limits. This was crucial for maintaining financial discipline and ensuring that our company’s marketing efforts were both effective and sustainable.”
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William Chong
Finance Director at Glints
“In the past, we used different devices for calls, music, and work. Just like smartphones brought everything together, Aspire elegantly combines corporate cards, FX, business accounts, payables, and much more, into one user-friendly interface.”
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