Singapore · checked 17 Oct 2026
At a glance
| HitPay | Revolut Business | |
|---|---|---|
| Monthly fee | S$0 | From S$0 to S$417 |
| FX | 1% inbound; BillPay from 0.5% | Interbank allowance, then 0.6% |
| Local transfers | S$0.50 each | 5 no-fee on Basic |
| Hold currencies | No | Yes |
Revolut figures from its Singapore plans page, 17 Oct 2026. See the full comparison
QUICK ANSWER
Revolut Business is a multi-currency business account with plans from S$0 to S$417/mo, interbank FX allowances, cards, and its own terminal (S$285). HitPay has no monthly fee and is built around Singapore acceptance: PayNow, cards, POS and links, with T+1 business day card payouts, plus a Collection Account and BillPay in the same wallet. Pick Revolut for holding and exchanging currencies. Pick HitPay to get paid and pay suppliers in one SG ledger.
Plans
Revolut sells plan tiers with FX allowances. HitPay has no monthly fee and charges per transaction.
Revolut Business
Basic from S$0, Grow from S$15, Scale from S$84, Enterprise from S$417 a month (annual billing)
Basic: 5 no-fee local transfers and S$1,500 a month at the interbank rate
Grow: S$13,000 a month at the interbank rate
Flexible Cash Funds on Grow and above (capital at risk)
HitPay
No monthly fee on the Collection Account or BillPay
S$0.50 per local BillPay transfer; international from 0.5% FX with no SWIFT fee
Collection Account: S$0.50 per SGD collection, 1% FX on 11 other currencies
Compare
Revolut: business account plans. HitPay: hitpayapp.com/sg/pricing. Last checked 17 Oct 2026.
| HitPay | Revolut Business (SG) | |
|---|---|---|
| Monthly fee | S$0 | Basic from S$0 · Grow S$15 · Scale S$84 · Enterprise S$417 (annual billing) |
| Local transfers | S$0.50 per BillPay transfer | 5 no-fee on Basic; S$8 fee outside the allowance (transfer type not listed) |
| FX | Collection Account inbound 1%; BillPay from 0.5% | Interbank up to S$1,500/mo (Basic) / S$13,000 (Grow), then 0.6%; 1% outside market hours |
| Hold multiple currencies | No | Yes |
| Card acceptance rates in Singapore | See /sg/pricing | Not listed on Revolut's plans page |
| Terminal | See /sg/card-terminal | Revolut Terminal S$285 one-time |
| Card payouts | T+1 business days | Not listed on Revolut's plans page |
| Corporate cards | No | Yes |
| Yield or investment | No | Flexible Cash Funds (Grow and above, capital at risk) |
FX
Revolut is cheaper inside its monthly allowance. Above it, Revolut charges 0.6%, while HitPay BillPay starts at a 0.5% FX fee.
| HitPay | Revolut Business | |
|---|---|---|
| Converting money you receive | 1% FX fee to SGD (Collection Account) | Interbank within the allowance, then 0.6% |
| Paying overseas suppliers | From 0.5% FX fee, no per-transfer or SWIFT fee | Interbank within the allowance, then 0.6%; 1% outside market hours |
| Monthly interbank allowance | None | S$1,500 (Basic) · S$13,000 (Grow) |
Payments
Revolut pulls bills from accounting software and offers its own terminal. HitPay pairs BillPay with Singapore payment acceptance.
| HitPay | Revolut Business | |
|---|---|---|
| Bill capture | OCR upload or forward, multi-level approval, Xero sync | Pulls bills from accounting software |
| Local supplier payment | S$0.50 (PayNow or FAST) | 5 no-fee on Basic; S$8 outside the allowance |
| Accept payments | PayNow, cards, POS and payment links, 50+ methods | Online and in-person payments, Revolut Pay, payment links, Merchant API |
| Terminal | See /sg/card-terminal | Revolut Terminal S$285 one-time |
| Card payouts | T+1 business days | Not listed on Revolut's plans page |
Fit Assessment
You can use both: Revolut to hold and exchange currencies, HitPay to get paid and pay suppliers in one Singapore ledger.
Revolut Business wins on:
Holding currencies
FX inside the monthly allowance
Corporate cards
Flexible Cash Funds
HitPay wins on:
No plan tiers
One dashboard and one payout for online and in-store sales
A Singapore collection account in your own name
Also compare: Multi-currency business accounts in Singapore · HitPay vs Aspire · Card terminals · BillPay
frequently asked questions
Is HitPay a Revolut Business alternative in Singapore?
For getting paid and paying suppliers, yes. For holding foreign currency, cards or investing cash, no.
Which has lower FX?
For small monthly amounts Revolut's interbank allowance is cheaper. Above the allowance Revolut charges 0.6%, while HitPay BillPay starts at 0.5% FX fee.
Does HitPay charge a monthly fee?
No for Virtual Account and BillPay.
Can I receive PayNow into HitPay?
Yes, via checkout or Collection Account (S$0.50 per SGD collection).
Still have questions?
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