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Airwallex vs Statrys: Accounts & Pricing Comparison

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Statrys

Airwallex

Key Features

✔️ 100% online application

✔️ Multi-currency business accounts supporting 11 currencies

✔️ Virtual and physical payment cards

✔️ Xero, Stripe, Paypal, and Shopify integrations

✔️ Real-time SWIFT payments tracking

✔️ Competitive FX rate with a fee as low as 0.15%

✔️ ATM withdrawals

✔️ Customer support in multiple channels, including phone, email, website live chat, WhatsApp, and WeChat

Key Features

✔️ 100% online application

✔️ Local currency accounts for 20+ currencies.

✔️ Corporate cards and employee cards 

✔️ Xero, Amazon, eBay, and Shopify integrations

✔️Business APIs to streamline financial operations and business transactions, including payouts and FX.

✔️Payment gateway platform

✔️Free account option

Best For

SMEs registered in Hong Kong, Singapore, and the BVI looking for cost-effective online international payment solutions in multiple currencies with dedicated human support.

Best For

Global businesses seeking cross-border payment solutions and APIs to simplify operations and manage finances effectively on a single platform.

Primary Cons

  • Only available for companies registered in Hong Kong, Singapore, and the BVI.
  • Supports fewer currencies than Airwallex.

Primary Cons

  • Imposes a 0.3% fee on incoming transfers, which can accumulate significantly.
  • Limited information regarding live customer support.
  • Supported services, currencies, and fees vary by region, and understanding the intricate details can be challenging.

Statrys Overview

Founded in 2019, Statrys is a Hong Kong-based financial service provider offering financial and business-related products designed for SMEs. These include multi-currency business accounts, business payment cards, Hong Kong and Singapore company incorporation services, and competitive FX options.  

Statrys offers effective cross-border payment solutions and local payment options, making transactions in local currencies faster and more cost-effective. It also offers a mobile app for managing finances and a dedicated, personalised human support for every account holder. The company has offices in Hong Kong, Singapore, the UK, and Thailand.

Eligible countries: Hong Kong, Singapore, and the BVI.

  • Eligible company type: Most business entity types, including but not limited to sole proprietorship, public limited company (PLC), limited liability company (LLC), and limited liability partnership (LLP).
  • Licences: Statrys is licensed as a Money Service Operator in Hong Kong and a Small Payment Institution in the UK.
  • Custodian bank: DBS Hong Kong.

Airwallex Overview

Airwallex, founded in 2015, is a financial platform for modern businesses, providing services for businesses of all sizes, including virtual multi-currency wallet, business cards, and API integration to simplify global financial transactions. 

Airwallex currently has 23 international offices. It is supported by Tencent, a major multinational conglomerate. In 2024, the company entered a multi-year partnership with the McLaren Formula 1 team, where the fintech will support the team's financial operations.

  • Eligible countries: 52 countries and regions, including Australia, New Zealand, Hong Kong, Singapore, the BVI, the UK, and the US.
  • Eligible company type: As long as the account is used for business transactions, most business types, from sole traders to enterprises, are eligible. 
  • Licences: Airwallex holds multiple financial services licences in the countries where it operates, including an Australian Financial Services licence in Australia, a Money Service Operator licence in Hong Kong, and an Electronic Money Institution licence in the UK. 
  • Partner banks: DBS, JP Morgan, Standard Chartered, ANZ, and more.

Business Account Features Comparison

Statrys

Airwallex

Supported Currencies in the Accounts

11 currencies, including HKD, AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, SGD, and USD

Over 20 currencies, including HKD, AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, DKK, CZK, HUF, MXN, NOK, PLN, RON, SEK, ZAR, CNY, IDR, and AED

Supported Currencies for Local Payments

14 currencies, including HKD, CNY, USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD, and KRW

60 currencies, including HKD, CNY, USD, AUD, GBP, SGD, and EUR

International Payments (SWIFT)

✔️

✔️

Real-time SWIFT tracking

✔️

We cannot find specific information

Accounting Software Integration

✔️

✔️

FX Features

Make a spot and order forward contracts with flexible settlement

Manage currency risks with APIs

Statrys operates as a multi-currency account, where all supported currencies are managed under a single account name. With support for 11 currencies in accounts and 14 for local payments, it’s ideal for businesses with focused currency needs. Statrys also offers real-time SWIFT tracking, providing transparency for international payments. However, its range of supported currencies is more limited compared to Airwallex.

In contrast, Airwallex combines local currency accounts with a multi-currency wallet. After approval, you create local accounts for receiving payments in different regions, while managing funds in the wallet. Airwallex supports over 20 currencies for accounts and 60 for local payments, making it better for businesses operating globally. It also provides API-driven FX tools to manage currency risks efficiently. However, it does not provide specific details on real-time SWIFT tracking, which might be important for businesses requiring detailed international payment visibility.

Both platforms can be used to manage international payments, but the choice depends on which better suits your needs.

Statrys mobile application dashboard showing a total balance in a business account.
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Helpful Resource: Learn what SWIFT is and why local payment might be a better option for international transfers.

Business Account Fees Comparison

Statrys

Airwallex

Account Opening Fee

Free*

Free

Account Monthly Fee

Free (if 5 or more outgoing transfers are made in the month)

Free

(except in Australia, where there is a tiered pricing plan with a monthly fee.)

Minimum Deposit

HKD 0

HKD 0

Receive Local Payments

Free to receive payments in HKD in Hong Kong

0.3% on each payment received

Send Local Payments

HKD 5 per local payment below HKD 500,000, otherwise HKD 75

HKD 25 to HKD 50 for local payment in specific countries

Free

Receive International Payments (SWIFT)

HKD 60

0.3% on each payment received

Send International Payments (SWIFT)

HKD 85

HKD 120 - 200

FX Rates and Fees

Competitive FX rate based on a real-time mid-market rate with a fee as low as 0.15%

FX conversions starting from 0.2 % above interbank rates

*Account opening fee may apply for companies not registered in Hong Kong or Singapore, companies with complex shareholding structures, and companies with high-risk business profiles.

Statrys offers a clear advantage for businesses receiving local and international payments, as Airwallex charges 0.3% per transaction, which can add up with high volumes. For sending local payments, Airwallex provides free transfers, making it more cost-effective for domestic transactions, while Statrys charges between HKD 5 to 75. 

For international SWIFT transfers, Statrys has lower fees for both sending and receiving payments, while Airwallex charges HKD 120-200 for outgoing SWIFT transfers. Both platforms offer competitive FX rates, though Statrys has slightly lower conversion fees starting at 0.15%. 

Overall, Statrys is better for businesses that regularly handle both local and international payments, thanks to its lower fees for receiving and sending funds. On the other hand, Airwallex is ideal for businesses with global clients or suppliers, offering an extensive, free local transfer network that can help businesses reduce transaction costs.

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Card Features and Fees Comparison

Statrys

Airwallex

Card Type

Physical and virtual prepaid Mastercard® card

Virtual Visa company card

Physical and virtual Visa employee card

Card Base Currency

HKD

10 currencies, including AUD, SGD, HKD, GBP, USD, EUR, JPY, CAD, NZD, and CHF

Payment Limit

HKD 600,000 per cardholder per year

USD 50,000 (adjustable)

Card Transaction in a Currency Different From the Card Base Currency

FX fee based on Mastercard® exchange rate + 1.5% currency conversion

USD 0 if there is an existing currency balance, otherwise, the conversion rate is based on the Visa’s daily rate.

ATM Withdrawal 

✔️

ATM Withdrawal Fee

1.99% (Minimum HKD 31)

Not supported

Physical Cards Delivery

Most countries. Free for Hong Kong and Thailand addresses. For other locations, shipping costs vary.

Australia, Hong Kong, Singapore, the UK, and the US only.

Primary Pro

  • Each user can obtain 1 physical card and up to 4 virtual cards.
  • Support ATM cash withdrawal
  • Designed for easy point-of-sale purchases
  • Multi-currency cards allow users to spend directly from account balance.
  • Compatible with Apple Pay and Google Pay (Employee cards only)
  • Separate cards for the company and employeesto manage the budget more effectively.

Primary Cons 

  • An HKD 48 monthly fee is applied for an additional physical card.
  • They are prepaid cards. Users need to top-up cards before making a purchase.
  • Does not support ATM cash withdrawal
  • Card features are unavailable in some countries, and the physical card can only be shipped to a few locations.

Statrys is an excellent choice for businesses that require easy access to cash. It offers prepaid cards that allow for ATM withdrawals, but there is a 1.5% foreign exchange fee for international transactions.

On the other hand, Airwallex is more suitable for businesses dealing with multiple currencies and digital payments. It has no foreign exchange fees when using existing currency balances and supports Apple Pay and Google Pay. However, it doesn’t provide ATM access, and physical cards are only available in select countries.

Application Process

Statrys

Airwallex

Time to Apply

~5 minutes

~15 minutes

Approval Time

Typically less than 3 days

1-3 business days

Fundamental Required Documents

1. HKID or passport(s) of director(s) and/or shareholder(s)

2. Business Registration Certificate

The list may vary depending on the business structure.

1. Certificate of Incorporation or/and Business Registration

2. ID of applicants, UBO, and authorised person

3. Ownership structure chart

4. Memorandum and Articles of Association

The list may vary depending on the location.

Process

100% online

100% online

Primary Eligible Locations

Hong Kong, Singapore, and the British Virgin Islands

Global coverage with regional document variations

Customer Support Comparison

Statrys

Airwallex

Dedicated account manager

✔️

Not specified

Communication Channels

Live Chat on Website, Email, Phone, WhatsApp, WeChat

Chatbot, Phone, Email

Working Hours

10 am to 7 pm Hong Kong Time

Monday to Friday (except on public Hong Kong holidays)

China: 9 am to 6 pm CST

Canada, and the US: 8 am to 6 pm PDT/PST

The UK: 7 am to 4 pm GMT/BST

Statrys offers personalised customer support with a dedicated account manager and multiple communication options, such as live chat, phone, WhatsApp, and WeChat, which may appeal to businesses seeking direct, hands-on assistance. Airwallex, on the other hand, provides support through chatbot, phone, and email but doesn't specify dedicated account manager services. However, Airwallex offers broader time zone coverage, which may suit businesses with international operations.

For a better understanding, it’s wise to check their Trustpilot reviews to see how customers feel about Statrys' and Airwallex's customer service.

Conclusion

In conclusion, Statrys is best suited for SMEs in Hong Kong, Singapore, and the British Virgin Islands (BVI) that value personalised customer support, real-time tracking of SWIFT payments, and the ability to manage both local and international transactions with lower fees.

Conversely, Airwallex is designed for global businesses that require a wider range of currencies, API-driven financial tools, and free local payouts. This makes it ideal for companies with complex cross-border operations.

Ultimately, the choice between the two depends on whether you prioritise dedicated support and cost-effective international payments (Statrys) or scalability and multi-currency flexibility (Airwallex).

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Statrys mobile application dashboard showing a total balance in a business account.

FAQs

Is Airwallex safe?

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Airwallex is safe, as it is licensed and regulated by the government body where it operates. Thus, customer funds are protected.

Is Statrys safe?

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What are the main differences between Statrys and Airwallex?

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Can I have both Statrys and Airwallex business accounts?

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Which business account is better: Statrys or Airwallex

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Disclaimer

More info

Statrys competes directly with Airwallex in the payment industry, but we are committed to providing an unbiased, thorough review to help you make an informed choice. Click More info to read the full disclaimer on our review.

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