Singapore · checked 17 Oct 2026
At a glance
| HitPay | Aspire | |
|---|---|---|
| Monthly fee | S$0 | Basic S$0 · Premium S$15 |
| Local supplier payment | S$0.50 | Included |
| International supplier payment | From 0.5% FX | Send: from 0.46% (Basic) |
| Hold foreign-currency balances | No | Yes, 8 currencies |
Aspire figures from aspireapp.com/pricing, 17 Oct 2026. See the full comparison
QUICK ANSWER
Choose Aspire if you want a business account that holds 8 currencies, earns yield and issues corporate cards, with Basic at S$0/mo. Choose HitPay if you already sell with HitPay and want to collect receivables and pay suppliers from that same account. Local transfers are S$0.50, international BillPay starts at 0.5% FX, and there’s no monthly fee.
At a glance
Aspire is a business account for holding, spending and earning on balances. HitPay is the account you already sell with, extended to receivables and supplier payments.
Aspire
Holds 8 currencies; send and receive in 30+ currencies across 130+ countries
Corporate cards with 1% (Basic) or 1.2% (Premium) cashback on ads and SaaS
Yield up to 2.96% p.a. on USD (Basic) or 3.21% (Premium)
Basic S$0/mo, Premium S$15/mo
HitPay
Takes PayNow, cards, POS and payment links, with card payouts T+1 business days
Collects receivables into the same wallet: S$0.50 per SGD collection, 1% FX on 11 other currencies
Pays suppliers with BillPay: S$0.50 local, from 0.5% FX international
No subscription tiers
Compare
Aspire: aspireapp.com/pricing and aspireapp.com/en-sg/bill-pay. HitPay: hitpayapp.com/sg/pricing. Last checked 17 Oct 2026.
| HitPay | Aspire | |
|---|---|---|
| Monthly fee | S$0 (Collection Account, BillPay) | Basic S$0 · Premium S$15 |
| Hold foreign-currency balances | No (collection method, not a bank account) | Yes, 8 currencies |
| Receive SGD | FAST or PayNow, S$0.50 per collection | Receive fee not listed on Aspire's pricing page |
| Receive foreign currency | 11 listed currencies via SWIFT, 1% FX fee to SGD | Send and receive in 30+ currencies; receive fee not listed on Aspire's pricing page |
| Local supplier payment | S$0.50 (PayNow or FAST) | Included |
| International supplier payment | From 0.5% FX fee, 150+ countries, no per-transfer or SWIFT fee | FX from 0.46% (Basic); Premium 0% on the first S$13k; 5 free international transfers a month on Premium |
| Bill capture | OCR upload or forward, multi-level approval, Xero | Bill Pay free; upload or forward |
| Corporate cards | No | Yes, 1%–1.2% cashback |
| Yield | No | Up to 2.96% / 3.21% USD p.a. |
| Accept customer payments (PayNow, cards, POS) | Yes; card payouts T+1 business days | Not shown on Aspire's pricing page |
Paying suppliers
Both capture bills by upload or forwarding. The differences are the transfer fees and where the money comes from.
| HitPay BillPay | Aspire Bill Pay | |
|---|---|---|
| Price | No monthly fee; pay per transfer | "Free when you sign up with Aspire" |
| Bill capture | OCR from an upload or a forwarded email | Upload or forward |
| Approvals | Multi-level approval | Listed on Aspire's Bill Pay page |
| Local payments | S$0.50 per PayNow or FAST transfer | Included |
| International payments | From 0.5% FX fee, no per-transfer or SWIFT fee | Basic: from 0.46% FX; Premium: 0% FX on the first S$13,000 and 5 free transfers a month |
| Pay from | Your HitPay balance, PayNow or bank transfer | Your Aspire account |
| Accounting sync | Xero | Not listed on Aspire's Bill Pay page |
Getting paid
HitPay collects into SGD alongside your sales. Aspire holds the currencies you receive.
| HitPay | Aspire | |
|---|---|---|
| What you get | Account details in your business's name to collect SGD and 11 foreign currencies | Multi-currency accounts in 8 currencies |
| SGD | PayNow or FAST, S$0.50 per collection, in real time | Receive fee not listed on Aspire's pricing page |
| Foreign currency | SWIFT in 1 to 3 business days, converted to SGD at a 1% FX fee | Held in the currency; send and receive in 30+ currencies |
| Where it lands | HitPay Wallet, next to PayNow, card, payment link and POS sales | Your Aspire account balance |
| Customer checkout | PayNow, cards, POS, payment links | Not shown on Aspire's pricing page |
Fit Assessment
Many SMEs use both: Aspire for treasury and cards, HitPay for acceptance, collection and BillPay.
Aspire is better for:
Yield on balances
Corporate cards and cashback
Holding foreign-currency balances
Free local transfers
0% FX on Premium’s first S$13,000 a month
HitPay is better for:
One wallet for sales (PayNow, cards, POS, links), receivables and supplier payments
Card payouts T+1 business days
No subscription tiers
Also compare: Multi-currency business accounts in Singapore · HitPay vs Airwallex · BillPay · Collection Account
frequently asked questions
Is HitPay an Aspire alternative?
Partly. HitPay replaces Aspire for collecting receivables and paying suppliers. It doesn't replace Aspire's multi-currency balances, yield or corporate cards.
Which is cheaper for paying local suppliers?
Aspire lists local transfers as included. HitPay charges S$0.50 per PayNow/FAST transfer.
Which is cheaper for overseas suppliers?
Aspire Basic lists FX from 0.46%, and Premium gives 0% on the first S$13,000 a month. HitPay BillPay is from 0.5% FX fee. Check both pricing pages for your corridor.
Can I keep USD in HitPay?
No. The Collection Account converts foreign receipts to SGD with a 1% FX fee and isn't a store of value.
Can I use HitPay and Aspire together?
Yes, many SMEs use a treasury account alongside a payments account.
Still have questions?
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