Airwallex VS Wise: Which Is Better for Businesses in Singapore? [2025]

Choosing between Airwallex and Wise in Singapore isn’t a popularity contest; it’s a fit test. This guide focuses on what owners and finance teams actually juggle day to day: opening a business account, moving money across borders, issuing cards to teammates, and getting help when something breaks. We’ll keep the verdicts plain, the tables tight, and the trade-offs obvious, so you can decide quickly without reading around the marketing.

A quick note on scope: pricing and availability can vary by currency and region, and both providers update features regularly. Where there are caveats, we flag them. And while Statrys competes in this space, this comparison aims to stay neutral so you can choose the service that best matches your needs.

At a Glance

In a rush? Here’s the quick take to help you choose between Airwallex and Wise.

Choose Airwallex If:

• You’re scaling into multiple countries and need to pay or collect in different currencies.
• You run an ecommerce or online business handling large payment volumes.
• You need advanced tools and team card options, and are comfortable paying monthly fees for them.

Choose Wise If:

• You prefer an account with no monthly fees.
• You or your team travel often and need card access with ATM withdrawals.
• You’d rather call than chat when issues arise.

If your Singapore business is scaling across multiple markets and needs advanced tools like marketplace integrations or a payment gateway, Airwallex is the better choice. If your focus is simply on sending or receiving international payments without added complexity, Wise is likely the better fit.

If your business mainly pays overseas suppliers and values competitive FX with wide local payout coverage, Airwallex is attractive, especially with free local payments to 100+ countries. But if you regularly receive payments in KRW, VND, or PHP, the percentage-based inbound fees make Wise the cheaper and more predictable option.

If you need to issue multiple cards across a team and control spending at scale, Airwallex is stronger with higher limits and the option to add dozens of employee cards. But if your business requires cash access through ATMs or prefers a simple setup without monthly card fees, Wise would suit your business better.

Both Airwallex and Wise keep eligibility broad and the application process simple, making them equally accessible for Singapore businesses. The real decision comes down to other aspects rather than setup.

If you value a dedicated account manager, you will only find that with Airwallex’s Accelerate plan, which is for large companies or enterprises.

For SMEs and solopreneurs, Wise offers broader access, including a Singapore phone line with 24/7 support, which is helpful in urgent situations.

Wise’s higher score reflects broad user trust built on a large base of reviews. Airwallex’s rating is more mixed, but feedback consistently points to the usefulness of its business-focused features.

Alternative Option: Statrys

If you're an SME or solopreneur registered and incorporated in Hong Kong, Singapore, or the BVI, and you deal with international clients, Statrys can be another valuable option for your business.

Founded in 2019, Statrys is a payment service provider in Hong Kong, offering global payment solutions tailored to modern businesses, including:

• Multi-currency business accounts supporting 11 major currencies.
• Local payments in 12 currencies.
• Competitive FX with spot orders with FX fees as low as 0.1%
• A dedicated account manager for every account available via live chat, WhatsApp, and WeChat.