Revolut
Finance
Wise
Finance
Revolut vs Wise in Singapore — which is right for your business?
Both are finance tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | Revolut | Wise |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$10.99/mo | S$22.03/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
Revolut
Revolut Business caters to Singapore-registered companies, allowing them to manage international payments and expenses effectively. It offers local account details for various currencies, streamlining cross-border transactions for businesses operating here.
Wise
While the PSG grant can support IT solutions for Singapore SMEs, it is unconfirmed if Wise is a pre-approved solution under this scheme. No specific business features for Singapore are mentioned in the documents.
Pros & cons — Singapore view
Revolut
Pros
+Multi-currency accounts in 25+ currencies with local details
+Corporate cards available (complimentary metal cards on higher tiers)
+Competitive interbank FX rates (within limits)
+Supports international transfers in 30+ currencies
Cons
–Fees for exceeding monthly FX limits
–Fees for additional international and domestic transfers beyond plan allowance
–Additional 1% fee for exchanges outside foreign exchange market hours
Wise
Pros
+No information available in search results.
+No information available in search results.
Cons
–No information available in search results.
–No information available in search results.
Who should choose which
Choose Revolut if...
›Businesses with cross-border operations
›Companies managing multiple currencies
›SMEs needing corporate cards
›E-commerce businesses
Choose Wise if...
›SMEs (PSG eligibility unconfirmed)
›Startups seeking financial tools
›Individuals seeking finance solutions
›Users needing international transfers
Singapore FAQ
Is Revolut available in Singapore?
Yes, Revolut launched in Singapore in 2019 and serves both personal and business users, holding a Major Payment Institution licence from MAS.
Does Revolut support SGD pricing?
Yes, Revolut offers personal and business plans with monthly fees quoted in SGD, starting from S$0 for free tiers.
Is Revolut PSG-eligible?
The provided search results do not confirm if Revolut is PSG-eligible.
Is Revolut PDPA compliant?
The provided search results do not confirm if Revolut is PDPA compliant.
Want to explore each tool further?
Read our full Singapore reviews before deciding.