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Aspire Business Account vs Volopay Global Business Account
Aspire is a digital-first finance platform combining banking, payments, and expense management for startups, SMEs, and mid-sized businesses. Volopay is a Singapore-based spend management platform offering corporate cards and expense automation, competing with Aspire in the SME space. 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 Volopay
Volopay Global Business Account is a Multi-Currency Business Account offered by Volopay, who operates as a Partner Reliant Model in Singapore.
Aspire Business Account vs Volopay Global Business 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 | Partner Reliant Model | |
|---|---|---|
| Business account | ||
| Account type | Multi-Currency Business Account | Multi-Currency Business Account |
| Payment rails | Domestic: FAST, GIRO, MEPS, PayNow, Local TT International: ACH, SEPA, SWIFT, FPS | Domestic: Local bank transfer, internal Volopay transfer International: SWIFT, Non-SWIFT |
| Local collection accounts | 8 currencies (SGD, USD, EUR, GBP, MYR, PHP, IDR, VND) | 5 currencies (SGD, USD, GBP, EUR, AUD) |
| Batch payments | Supports in SGD, INR, USD, IDR, MYR, EUR, PHP, AUD, THB, VND | Supports in SGD, USD, GBP, EUR, AUD |
| API | Yes | Yes |
| 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 | Offered: full expense management: corporate cards, real-time tracking, multi-level approval workflows. budget management, AP automation, accounting integrations; paid via custom pricing |
| Invoicing | Offered natively | Offered natively |
| Pricing and fees | ||
| Monthly fee | No monthly fee (Basic plan) / SGD $15 (Premium plan) | Not publicly disclosed |
| Account set up fee | No account setup fee | Not publicly disclosed |
| 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 publicly disclosed |
| Receiving payments fee | Local Receive: Free International Receive: SGD $35 for SGD account / USD $8 for other accounts via SWIFT | Not publicly disclosed |
| FX markup | From 0.22% | Not publicly disclosed |
| Global coverage | ||
| Supported currencies | 30+ currencies: SGD, USD, EUR, GBP, AUD, CAD, HKD, JPY, INR, IDR + 20 currencies more | 5 currencies: SGD, USD, GBP, EUR, AUD |
| Global payment network | 130+ countries | 190+ countries |
| Integrations and ecosystem | ||
| Integration with third-party apps | 30+ integrations. Key apps: Amazon, Apple Pay, Xero, Info-Tech, Stripe | 1 integration. Key app: Xero |
| Accounting software integrations | Integrates with 10+ softwares. Direct integration with Xero and Quickbooks | Integrates with Xero, QuickBooks, NetSuite, Deskera. Direct integrations with Xero. |
| E-commerce integration | Yes, with Shopify, Temu, Shopee, Amazon | Not offered |
| ERP Integration | Yes | Yes |
| Support | ||
| Customer support | In-app live chat; email | Help Centre; chat; email |
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.
A multi-currency account built for cross-border business operations
Aspire supports 30+ currencies for sending and receiving, compared to Volopay's 5 currencies (SGD, USD, GBP, EUR, AUD), giving businesses with regional payment flows significantly more flexibility. For companies making payments across Asia in currencies like INR, IDR, MYR, PHP, VND, and THB, Aspire supports these transactions while Volopay does not. Businesses with broader regional operations are less constrained with Aspire's wider currency coverage.
Transparent, published pricing: no surprises
Aspire's fee structure is publicly available: no monthly fee on the Basic plan, FX markup from 0.22%, and listed international transfer fees. Volopay's monthly fee and international payment charges are not publicly disclosed, making it difficult to compare true costs before committing. For finance teams that run detailed cost-per-transaction analysis, Aspire's pricing transparency is a meaningful operational advantage.
Expense management built into your banking
As your team grows, Aspire's expense suite scales with you: issue more cards, add approval tiers, and maintain real-time visibility without switching to a dedicated expense tool. Volopay's strength is in spend management and AP automation, but it operates on more limited banking rails. Aspire gives finance teams both the banking backbone and the expense control layer without needing separate platforms.
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 Volopay Global Business Account
Choose Aspire over Volopay Global Business Account if your business needs more than just a multi-currency account. Aspire brings a broader integration ecosystem with 30+ connected apps, native invoicing, and deep integrations with Xero, Shopify, and more, all in one platform. For finance teams that want to consolidate their stack and reduce the number of tools they manage, Aspire's breadth of functionality gives it a clear edge. <div
Volopay suits finance teams that need robust spend management infrastructure: multi-level approval workflows, budget management, and AP automation built into their account. Its strength lies in corporate expense control rather than broader banking, making it a good fit for companies that already have banking arrangements and want to layer a spend management layer on top. Businesses with complex internal procurement or AP processes will find Volopay's workflow depth particularly relevant. <div
Volopay is purpose-built for spend management: multi-level approvals, AP automation, and corporate cards with real-time controls. Aspire offers comparable expense management alongside multi-currency banking and 30+ integrations, all at published pricing. Volopay's pricing is not publicly disclosed. For businesses that want integrated banking and spend management at a known cost, Aspire is the more transparent starting point. <div
Aspire offers better value on transparency: its full fee schedule is publicly available before signup, while Volopay's pricing requires a custom quote. Aspire includes comparable expense management tools on its free Basic plan. For businesses that want to assess total cost before committing, Aspire enables that independently. Volopay may offer value for larger enterprises that negotiate customised pricing and need specialised AP automation at scale.
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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