Aspire alternatives

Compare the best Aspire alternatives for Singaporeans to send money overseas and collect payments in foreign currency.

By   |   Verified by David Boyd   |   Updated 22nd December 2022

As seen on

Media - Enterprise Innovation
Media - Fintech Times
Media - Singapore Business Review
Media - Today
Media - Tech In Asia
Media - Zaobao

Comparing Aspire alternatives

Airwallex Money Transfer

On website

Airwallex Money Transfer

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Charges a low margin on the interbank rate for money transfers with no hidden fees.
  • Set up local currency accounts to collect payments from overseas marketplaces and clients.
  • Use virtual multi-currency debit cards to transact like a local.

Pros

  • Create an account in just a few minutes.
  • No international transfer transaction fee.
  • Favorable currency exchange rates.
  • Quick transfers.

Cons

  • Limited transfer methods.
  • Fewer transfer currencies are available than some competing services.
Wise Money Transfer

Wise Money Transfer

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Collect payments and transfer money from a multi-currency digital wallet.
  • FX-optimised debit card linked to your Wise Borderless account for withdrawals and purchases in foreign currency within or outside Singapore.
  • Loads of options to fund your Wise account, including transfers from debit and credit cards, and bank transfers.

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
YouTrip

YouTrip

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Send 150+ currencies using competitive rates and with no hidden charges.
  • User-friendly interface which makes it simple and convenient to use.
  • Get a YouTrip card and spend like a local while overseas.

Pros

  • Free and quick account sign-up.
  • Easy and convenient to use.
  • You can get a YouTrip card to make withdrawals overseas.

Cons

  • No option for bank transfer.
  • There is a $5 overseas ATM withdrawal fee.
Revolut Money Transfer

On website

Revolut Money Transfer

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • A financial super app built around a borderless account and competitive exchange rates.
  • Collect foreign currency payments with your own local currency account number.
  • Money transfers to other Revolut users are free.

Pros

  • The standard account has no monthly fees.
  • Top-up and hold account balances in various currencies.
  • Lots of different additional features are available, such as crypto trading and disposable virtual cards.
  • Has a well-designed mobile app.

Cons

  • Monthly fees apply to certain types of accounts.
  • You may experience delays when sending money internationally.
OFX Money Transfer

OFX Money Transfer

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Get a local currency account. Save on currency exchange rates and fees.
  • Fast remittance of revenue from international marketplaces and payment processors.
  • Supports a wide range of currencies and countries. No maximum transfer amount for most currencies.

Pros

  • Easy and quick account opening.
  • Transfers over 50 currencies in 170 countries.
  • No fees if transferring below $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • Minimum transfer applies.