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, Indonesia, and Hong Kong to apply for their corporate cards. In contrast, all Statrys account holders are eligible to obtain business cards.

Q: Are there any account fees for Statrys and Aspire?

Aspire offers a completely free plan with no monthly requirements. Statrys also offers a free account, provided the business makes five or more outgoing transfers in a given month, ensuring flexibility for active users.

Statrys	Aspire
Key Features ✔️ Multi-currency account that supports 11 major currencies. ✔️ Supports 12 currencies for local payments. ✔️ Real-time payment tracking. ✔️ Virtual and physical payment cards ✔️ Xero integration ✔️ 100% online application	Key Features ✔️ Local accounts in Singapore, Indonesia, the US, the EU, and the UK. ✔️ Send local payments in 20 currencies. ✔️ Virtual and physical payment cards and earn 1% cashback on all eligible transactions. ✔️ Xero, Quickbooks, Netsuite, and SAP integration ✔️ 100% online application
Best For Global or expanding SMEs that are registered in Hong Kong, Singapore and the BVI looking for seamless online international payment solutions in multiple currencies with personalised customer support.	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 304 reviews (retrieved on 4 October 2024)	Trustpilot Rating ⭐⭐⭐⭐ 4.2/5 Based on 67 reviews (retrieved on 4 October 2024)
Learn more about Statrys	Learn more about Aspire

Open a Business Account with Statrys

No minimum deposit. No maximum transaction. Support from an account manager.

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

Statrys Overview

Founded in 2019, Statrys is a payment service provider based in Hong Kong bridging the gap between digital payment solutions and effective customer services. We provide tailored services for businesses in Hong Kong, Singapore, and the British Virgin Islands (BVI), offering virtual multi-currency accounts, payment cards, and FX tools to help manage exchange rate fluctuations.

Our commitment was recently recognised with the 2024 Hong Kong Business (HKB) Technology Excellence Award in the Fintech - Payments category.

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.
Custodian Bank: DBS Hong Kong

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 450 in Singapore and Indonesia, Aspire supports more than 50,000 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 can apply, excluding those involved in prohibited activities.
Licence: Exempted from holding a license in Singapore under the Payment Services Act (No.2 of 2019), while holding a Money Service Operator license in Hong Kong.
Partner banks: DBS Singapore and DBS Hong Kong

Business Account Features Comparison

	Statrys	Aspire
Supported Currencies in the Accounts	11 currencies: HKD, AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, SGD, and USD	5 currencies, including SGD, IDR, USD, EUR and GBP
Supported Currencies for Local Payments	12 currencies: USD, AUD, GBP, EUR, THB, INR, VND, TRY, IDR, PHP, SGD, and KRW	20 currencies, including AUD, CAD, CZK, DKK, EUR, GBP, HKD, HUF, IDR, INR, MXN, MYR, NOK, PHP, PLN, RON, SAR, SEK, USD and SGD
International Payments (SWIFT)	✔️	✔️
Accounting Software Integration	✔️	✔️
Primary Pros	Track SWIFT payments in real-time FX rate based on real-time mid-market rate with low markup Make spot trade and order forward contracts with no limits on transaction volume. Xero integration Responsive customer service team with supports in multiple languages	Local currency accounts are available in 5 major locations, each with unique account details. Services are accessible to businesses registered in 18 Asian countries. Free account plan available Integrate with major accounting software, including Xero, Quickbooks, Netsuite, and SAP
Primary Cons	Only companies registered in Hong Kong, Singapore, and the BVI can apply Has an account monthly fee (for a dedicated account manager)	Business accounts support only 5 currencies Doesn’t provide FX tools to help businesses manage exchange rate risk.

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

Business Account Fees Comparison

	Statrys	Aspire
Account Opening Fee	Free*	Free
Account Monthly Fee	Free (if 5 or more outgoing transfers are made in the month)	Free Custom plan (for a company with over 100 employees)
Receive Local Payments	Free to receive local payments in Hong Kong	Free to receive local SGD, IDR, USD, GBP, and EUR payments
Send Local Payments	HKD 5 per HKD/CNY payment in Hong Kong. If exceed HKD 500,000: HKD 25 HKD 75 per USD payment in Hong Kong HKD 25 - 50 per local payment in specific countries	Free to send local payments within Singapore, US, UK, and EU Local Payment within Indonesia: Rp 2,200 - 28,000, depending on transfer systems
Receive International Payments (SWIFT)	HKD 60	SGD account: Free USD account: USD 8 EUR account: EUR 10 GBP account: GBP 10
Send International Payments (SWIFT)	HKD 85	SGD account: Wise’s rates and fees USD account: USD 15 (SHA fee type) EUR account: EUR 10 (SHA fee type) GBP account: GBP 10 (SHA fee type)
FX Rate	Based on live mid-market exchange rates	Couldn’t find information on how Aspire calculates their foreign exchange rates.
FX Fee	Starting from 0.4%: HKD, USD, EUR, CNY, GBP, SGD, JPY, AUD, CHF, NZD, and CAD Starting from 0.6%: INR, IDR, PHP, KRW, THB, TRY, and VND	0.4 - 1% markup

Did you know? Statrys guarantees the best FX rate in Hong Kong, and if you find a better rate, we’ll beat it by up to 10%.

*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.

Card Features and Fees Comparison

	Statrys	Aspire
Card Type	Physical and virtual prepaid Mastercard® card	Physical and virtual debit cards, which are compatible with Google and Apple Pay.
Card Base Currency	HKD	SGD, USD, GBP, EUR, IDR, or HKD
Payment Limit	HKD 600,000 per cardholder per 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 Limit	Up to HKD 120,000 per year	USD 500 per day
ATM Withdrawal Fee	1.99% (minimum of HKD 31)	SGD 5 per withdrawal
Primary Pros	All accounts can obtain physical and virtual business cards. Withdraw cash worldwide from any ATMs that support Mastercard® (excluding restricted countries) Each cardholder can obtain 1 physical card and 4 virtual cards. Manage and control each card from one dashboard.	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	It’s a pre-paid card. Customers need to top-up balance before spending. Not compatible with Apple Pay and Google Pay. Monthly fee of HKD 48 applied for each additional card No reward program	Virtual cards are restricted to companies incorporated in Singapore, Indonesia, and Hong Kong Physical cards are available to Singapore and Hong Kong companies only. No ATM withdrawals in Singapore

Customer Support

	Statrys	Aspire
Personalised Customer Services	✔️	✔️ (for enterprises only)
Communication Channels	Live Chat on Website, Email, Phone, WhatsApp, WeChat	Live chat, FAQ pages, Query forms
Working Hours	10 am to 7 pm (GMT+8) Monday to Friday (except on public Hong Kong holidays)	9 am to 9 pm (GMT+8) Monday to Sunday

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Open a Multi-Currency Business Account in Hong Kong

Receive and make payments in all major currencies.

A dropdown of some supported currencies by the Statrys business account.

FAQs

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

Statrys provides businesses in Hong Kong, Singapore, and the BVI with multi-currency accounts 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 to facilitate companies' expansion into new markets.

Do Aspire and Statrys offer payment cards?

Are there any account fees for Statrys and Aspire?

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.