Aspire vs Statrys: Accounts & Pricing [2024 Comparison]

Q: Do Aspire and Statrys offer payment cards?

Yes, both Aspire and Statrys offer card services for businesses to make purchases while they are away from the office. However, Aspire only allows businesses incorporated in Singapore and Indonesia to apply for their corporate cards. In contrast, all Statrys account holders are eligible to obtain business cards.


Key Features ✅ Multi-currency account that supports 11 major currencies. ✅ Supports 14 currencies for local payments. ✅ Real-time payment tracking. ✅ Virtual and physical payment cards ✅ 100% online application	Key Features ✅ Local accounts in Singapore, Indonesia, the US, the EU, and the UK. ✅ Supports 30+ currencies for SWIFT payment. ✅ Virtual and physical payment cards and earn 1% cashback reward. ✅ 100% online application
Best For SME businesses registered in Hong Kong, Singapore, and the BVI that seek multi-currency solutions with a straightforward and competitive pricing structure.	Best For Businesses based in Asia that need local accounts to easily collect sales from the US, the EU, the UK, Singapore, or Indonesia markets.
Trustpilot rating ⭐⭐⭐⭐⭐ 4.6/5 Based on 259 reviews	Trustpilot rating ⭐⭐⭐⭐⭐ 4.6/5 Based on 59 reviews
Learn more about Statrys	Learn more about Aspire

Get A Multi-currency Business Account

100% online, with applicable payment cards and support from an account manager.

Statrys Overview

Founded in 2019, Statrys is a fintech company based in Hong Kong, dedicated to assisting SME businesses in thriving within the modern business landscape. Statrys places a strong emphasis on regulatory compliance, personalised customer support, and competitive rates. In recognition of its achievements, the company was awarded "SME Payment Solutions of the Year - Hong Kong" at the ABF Retail Banking Awards 2023.

Eligible countries: Hong Kong, Singapore, and the British Virgin Islands (BVI).
Eligible company type: All types of businesses are eligible, provided that they do not engage in prohibited industries.
Licence: Statrys holds a Money Service Operator license (No. 19-02-02726) in Hong Kong and a Small Payment Institution license (FRM: 911226) in the UK.
Partner bank: DBS

Aspire Overview

Aspire is a Singapore-based fintech firm, designed primarily for small and medium-sized businesses and startups. Aspire offers a range of financial services tailored to the needs of modern businesses. With a team of over 300 across 3 offices in Singapore, Indonesia, and Vietnam, Aspire supports more than 15,000 clients throughout Asia.

Eligible countries: Australia, China, The Cook Islands, Hong Kong, India, Indonesia, Japan, Malaysia, Maldives, Mongolia, New Zealand, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.
Eligible company type: Businesses of all types are welcome, excluding those involved in prohibited activities.
Licence: Exempted from holding a license in Singapore under the Payment Services Act (No.2 of 2019)
Partner bank: A tier-1 bank in Singapore.

💡 Helpful resource: Read our articles to learn how to set up a company in Singapore and Hong Kong.

Business Account Features


Supported Currencies in Multi-Currency Business Account	11 currencies, including USD, HKD, CNY, AUD, EUR, GBP, SGF, JPY, CHF, NZD, and CAD.	5 currencies, including SGD, IDR, USD, EUR and GBP.
Supported Currencies for Local Payments	14 currencies, including HKD, CNY, USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD and KRW.	19 currencies, including AUD, CAD, CZK, DKK, EUR, GBP, HKD, HUF, IDR, INR, MXN, MYR, NOK, PHP, PLN, RON, SEK, USD and SGD.
International Payments via SWIFT
Accounting Software Integration
Primary Pros	• Multi-currency account that supports 11 major currencies. • Can make FX spot and forward contracts at the real-time mid-market rate with as low as 0.1% fee.	• Local currency accounts available in 5 locations, each with unique account details. • Services are accessible to businesses registered in 18 Asian countries.
Primary Cons	• Have only a Hong Kong local collection account. • Services are restricted to businesses in Hong Kong, Singapore, and the BVI.	• Business accounts support only 5 currencies. • Doesn’t provide FX services at the time of review.

💡 Helpful Resource: Read our article to learn more about local and SWIFT transfers.

Business Account Fees


Account Opening Fee	Free*	Free
Account Monthly Fee	HKD 88 (with a dedicated account manager)	• Free • Custom plan (for a company with over 100 employees)
Receive Local Payments	Free	SGD, USD, GBP and EUR: Free IDR: Free for up to 100 transactions per month.
Send Local Payments	• HKD 5** (local payment in Hong Kong) • HKD 25 - 50 (local payment in specific countries)	SGD, USD, GBP and EUR: Free IDR: Rp 4,000
Receive SWIFT Payments	HKD 55	SGD account: 0.4-1% fee USD account: USD 8 EUR account: EUR 10 GBP account: GBP 10
Send SWIFT Payments	HKD 75	SGD account: Mid-market rate with a fee USD account: USD 15 (SHA fee type) EUR account: EUR 10 (SHA fee type) GBP account: GBP 10 (SHA fee type)
Conversion Fee	As low as 0.1%	0.4 - 1%

*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.

**A fee of HKD25 applies for outward local payments exceeding HKD 500,000.

Card Features and Fees


Card Type	Physical and virtual Mastercard® debit cards	Physical and virtual Visa debit cards, which are compatible with Google and Apple Pay.
Card Base Currency	HKD	SGD, USD, or IDR
Card per Account	1 physical card and up to 4 virtual cards per user.	1 physical card per user and unlimited virtual cards
Payment Limit	HKD 600,000 combined spending for all cards/year	Virtual card: SGD 100,000 per transaction Physical card: SGD 25,000 per transaction Daily limit: SGD 250,000 per account
ATM Withdrawal		(outside Singapore only)
ATM Withdrawal Fee	1.99% (minimum of HKD 31)	SGD 5 per withdrawal
Card FX Fee	1.5%	Up to 1.5%
Card Fees	HKD 0 for the first physical card and for all virtual cards. HKD 48 per month for each additional physical card.	SGD 0 for the first physical card of the user and for all virtual cards. SGD 15 for each additional physical card.
Primary Pros	• All accounts can obtain physical and virtual business cards. • Withdraw cash worldwide from any ATMs that support Mastercard® (excluding restricted countries)	• Unlimited virtual card for your team and can be assigned for specific purposes or merchants. • High spending limits • Earn 1% cashback on all eligible transactions.
Primary Cons	• Not compatible with Apple Pay and Google Pay. • Can spend in HKD only. - No reward program.	• Virtual cards are restricted to companies incorporated in Singapore and Indonesia • Physical cards are only available for businesses incorporated in Singapore. • ATM withdrawals are available outside of Singapore.

Customer Support


Personalised Customer Services
Communication Channels	Website, Live Chat, Email, Phone, WhatsApp, and WeChat.	Live chat, FAQ pages, Query forms.
Working Hours	9 a.m. to 7 p.m. Hong Kong Time - Monday to Friday (except on public Hong Kong holidays)	9 a.m. to 9 p.m. Singapore Time - Monday to Sunday

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Get A Multi-currency Business Account

100% online, with applicable payment cards and support from an account manager.

FAQs

What are the key differences between Aspire and Statrys business accounts?

Statrys provides businesses with multi-currency accounts in Hong Kong that can support 11 major currencies. On the other hand, Aspire offers local currency accounts in 5 different locations, each with its own unique account details.

Do Aspire and Statrys offer payment cards?

Disclaimer

More info

Statrys competes directly with Aspire in the payment industry. However, we're committed to providing an unbiased, thorough review to help you make an informed choice.