Volopay vs YouBiz for Singapore SMEs (2026)

A spend-management platform and a zero-fee account, side by side

Volopay and YouBiz both promise a Singapore SME the same headline: hold, spend, and send in multiple currencies without the FX margins a bank charges. Where they split is what each is built to be.

YouBiz is a multi-currency business account and corporate card. It’s S$0/month with every feature included; it pays unlimited 1% cashback on eligible spends, and it gives real 0% FX across 150+ currencies.

Volopay is a spend-management platform. Corporate cards sit inside approval workflows, bill pay, and accounting integrations, and the price comes from a quote you request from its sales team rather than a published rate card.

If your company’s money leaves as SaaS subscriptions, cloud invoices, ad spend, and the odd overseas supplier payment, both beat a bank.

Which one keeps more of it comes down to how much software your finance team actually needs, how much the company spends abroad, and whether you’d rather see every fee upfront or negotiate one.

Volopay vs YouBiz at a Glance

Feature	YouBiz	Volopay
Monthly fee	S$0/month, all features included	Not published; quote on request. Third-party reviews report a service fee from around S$20/month, plus a “Premium cards” plan that needs at least S$5,000 total monthly card spend, or a flat S$49/month applies
Cashback	Unlimited 1% on eligible spends, no minimum, no cap	On foreign-currency card spend only (advertised up to 2% on overseas spend); no cashback on local SGD spend
Card FX	Real 0% FX at wholesale rates, 150+ currencies	FX rate and markup not published
Cards included	Up to 100, free	Unlimited virtual cards free; physical cards from around S$5 each
Team / spend users	Unlimited	Unlimited
Currencies held	8	Up to 11
Approvals & expense controls	Included free	Included, with deeper accounts-payable automation
International transfers	To 20 currencies, no FX fees	Around S$7.50 (non-SWIFT) to S$35 (SWIFT) per transfer
Card network	Mastercard	Visa
Regulation	MAS major payment institution; Mastercard Principal Member	MAS major payment institution

Volopay figures are per its Singapore site and third-party reviews (Statrys, Wise, Aspire), July 2026. Volopay doesn’t publish plan pricing or FX rates, so confirm your own quote before deciding.

For a business that spends overseas regularly, transparent FX and cashback on everything can save far more than any one line in a pricing table.

An FX markup you can’t see before signing, and cashback that only lands on foreign spend, are exactly the places a bill quietly grows.

YouBiz gives you the full feature set, real 0% FX, and 1% cashback on eligible spends, all at a price it publishes: S$0.

Table of Contents

1. Volopay vs YouBiz at a Glance
2. What Is YouBiz?
3. What Is Volopay?
4. Pricing: What You Actually Pay
5. Cashback: Volopay vs YouBiz
6. FX Fees and Overseas Spend
7. Cards, Currencies and Team Controls
8. Transfers, Payments and Getting Set Up
9. Advantages and Disadvantages of a Volopay Account
10. Which Is Right for Your Business?
11. FAQs

What Is YouBiz?

YouBiz is the multi-currency business account from YouTrip (Singapore’s most-used travel wallet). It does one job well: cross-border business spend without the fees.

The problem it solves is the quiet tax on company spending. Every SaaS renewal, ad top-up, and overseas supplier payment usually carries an FX markup and earns nothing back. YouBiz strips out the markup and pays you back on the spend instead.

Your company gets:

• A multi-currency account across 8 currencies
• Free physical and virtual Mastercard corporate cards that spend across 150+ currencies at real 0% FX fees
• Unlimited 1% cashback on eligible spends
• All at S$0/month

Around the card sits the expense toolkit a finance lead needs:

• Up to 100 cards
• Unlimited team seats, spend limits, merchant-category (MCC) locks
• Multi-condition approvals

None of it behind a paywall.

YouBiz is a Principal Member of Mastercard and a MAS-licensed major payment institution, so your funds are safeguarded under the Payment Services Act.

It’s built for the businesses that live on card spend, startups, agencies, e-commerce sellers, and lean finance teams, with no setup fee and nothing to upgrade to. More than 10,000 of them in Singapore now run their company spends on it.

What Is Volopay?

Image Credits: Volopay

Volopay is a spend-management platform for businesses: corporate cards, bill pay, reimbursements, and expense tracking pulled into one dashboard, with accounting integrations on top.

The problem it sets out to solve is finance-ops sprawl. Instead of chasing receipts, approving invoices over email, and reconciling cards by hand, a finance team runs it all through Volopay’s approval workflows and syncs the result to its books.

• Its multi-currency account holds up to 11 currencies
• Its cards run on Visa, and it moves money to businesses across 130+ countries

That makes it less a lean account than a control layer for a team that wants software around every dollar it spends.

The trade-off is that all this depth comes at a price you can’t see upfront. Volopay doesn’t publish its pricing: its page lists two plans, “Premium card” and “Accounts payable automation”, but points you to “Talk to sales” instead of a rate.

Who Owns Volopay, and Is It Legitimate?

Volopay was founded in 2020 by Rajith Shaji (CEO) and Rajesh Raikwar (CTO), and it’s headquartered in Singapore, available to businesses registered here, in Australia, India, Indonesia, and the Philippines.

It’s venture-backed, with investors including Y Combinator and Antler, so it isn’t a fly-by-night tool.

On the regulatory side, Volopay holds a Major Payment Institution licence from the Monetary Authority of Singapore, the same class of licence YouBiz operates under. Both are regulated under the Payment Services Act, and neither is a bank.

Pricing: What You Actually Pay

This is the first place the two diverge, and it’s the one Singapore SMEs search hardest on.

YouBiz is S$0/month. Every feature comes on the free account: up to 100 corporate cards, unlimited team members, multi-condition approvals, MCC locks, and real-time expense tracking.

There’s no premium tier, because nothing is held back.

Volopay is priced on request. Its site shows features but not numbers, and both plans route to a sales conversation. To learn what your company would actually pay, you disclose your details and wait for a quote.

Third-party reviews fill in the gaps, and the figures they report are worth knowing before that call:

• A service fee from around S$20/month (roughly S$170 a year) for the software.
• A “Premium cards” plan that expects at least S$5,000 in total monthly card spend across the company, with a flat S$49/month if you fall short.
• Physical cards from around S$5 each, with virtual cards free and unlimited.

None of that is disqualifying, and for a bigger finance team the software may well earn its fee. But it’s a very different starting point from an account that puts every number on the page.

On YouBiz there’s no quote to chase, no minimum spend to clear, and no plan to outgrow. Every control is included at S$0/month from day one.

Cashback: Volopay vs YouBiz

Both cards pay something back, but they reward different spending, and the difference is easy to miss.

• YouBiz pays 1% on all eligible card spends, with no minimum and no cap, credited by the 15th of the following month (so March spend lands by 15 April). Local or overseas, SGD or foreign currency, eligible spend earns the same 1%.
  
  
• The standard exclusions apply, as on any cashback card: wallet top-ups like PayLah! and GrabPay, investments, remittance, insurance, and government or tax payments.
  
  
• Volopay’s cashback is tied to foreign spending. Its card advertises cashback of up to 2% on overseas card spend, and its own help material describes the reward as a percentage of monthly foreign-exchange volume rather than a flat rate on everything.

Two things follow from that. Local SGD spend, which for many SMEs is the bulk of the bill, earns nothing. And the headline 2% sits against an FX markup Volopay doesn’t publish, so the net return on an overseas purchase is hard to pin down before you spend.

If almost all your card spend is in foreign currency, and you’re comfortable not seeing the FX rate first, Volopay’s foreign-spend cashback can look generous on paper.

If your spend is a mix of local and overseas, YouBiz’s flat 1% on eligible spends, paid on top of a 0% FX rate you can actually see, is the simpler and more predictable win.

FX Fees and Overseas Spend

For a company that pays overseas suppliers, subscriptions, and ad platforms, FX is where the real money leaks, so the honest question is what each provider takes on the conversion.

The mid-market rate (also called the interbank rate) is the near-wholesale rate you see on Google or XE. A markup is the margin a provider quietly adds on top.

• YouBiz gives real 0% FX fees across 150+ currencies at Mastercard’s wholesale exchange rate, which closely tracks the mid-market rate. There’s no monthly allowance to watch, no surcharge, and no markup on top. You spend, and it converts at the wholesale rate.
  
  
• Volopay says it offers competitive rates, but it doesn’t publish its FX markup, and several user reviews note that international and FX costs came in higher than expected. Its cross-border transfers also carry a per-transfer fee, around S$7.50 for non-SWIFT and S$35 for SWIFT payments.

That’s the core contrast. YouBiz’s 0% is a published rate you can check against Google before you spend. Volopay’s is a “competitive” rate you take on trust until the statement arrives.

For a business whose overseas spend is the whole point of holding a multi-currency card, a rate you can verify is worth more than a rate you’re told is good.

Cards, Currencies and Team Controls

• Cards: YouBiz includes up to 100 corporate cards free, physical and virtual. Volopay issues unlimited virtual cards for free and charges from around S$5 for physical ones.
  
  
• Currencies held: Volopay holds up to 11 currencies; YouBiz holds 8 (SGD, USD, EUR, GBP, JPY, HKD, AUD, CHF). Volopay edges this one. The gap is smaller than it looks, since YouBiz cards convert across 150+ currencies at wholesale automatically, so you don’t need to pre-hold a currency to spend well in it.
  
  
• Team members: Both let you invite unlimited users. YouBiz spreads them across four roles (Admin, Finance, Accountant, General).
  
  
• Controls: YouBiz includes spend limits, virtual cards, MCC locks, and multi-condition and two-layer approvals on the free account. Volopay’s controls run deeper into finance-ops, with accounts-payable automation, invoice management, and reimbursement flows built for a dedicated finance team.
  
  
• Card network: YouBiz runs on Mastercard, accepted at over 80 million merchants worldwide. Volopay issues on Visa, so acceptance is broadly comparable for online and offline spend.

If your company wants a full accounts-payable and expense-software stack, Volopay’s depth is real. If it mainly wants clean cards, clean FX, and cashback with nothing to configure, YouBiz covers the core at no cost.

Transfers, Payments and Getting Set Up

Both move money abroad well below bank rates, with different reach.

• YouBiz sends to 20 currencies from the Dashboard with no FX fees, local transfers up to S$200,000 per transaction, and free batch payouts of up to 1,000 payments in one upload.
  
  
• Volopay has broad international coverage across 130+ countries, with SWIFT and non-SWIFT routes and bill-pay automation for vendor invoices. Transfers carry a per-payment fee, around S$7.50 for non-SWIFT and S$35 for SWIFT, and its FX handling on those transfers isn’t published upfront.

Setup differs in kind, not just speed:

• YouBiz takes under 5 minutes to apply via Singpass MyInfo Business, which auto-fills your ACRA business details, or you can apply manually, with no fee to open. You’ll need a board resolution plus ID and proof of address for the authorised users; an overseas-incorporated company uploads a company-registry document instead of the ACRA profile. Approval lands within 1 to 2 business days, your virtual Mastercard is live in the app immediately, and the physical card follows in 5 to 7 working days.
  
  
• Volopay starts with a sales conversation and a demo, since the platform is quoted rather than self-serve. Onboarding a finance team onto the software takes longer than opening a single account, which is the trade-off for the extra depth.

For the books, YouBiz connects to Xero (with 50% off your first 6 months, for a limited time only); Volopay syncs with Xero, QuickBooks, and NetSuite, in line with its finance-ops positioning.

Advantages and Disadvantages of a Volopay Account

Most SMEs ask two things before signing up: what a Volopay account does well, and where it falls short.

Advantages of a Volopay account:

• A deep spend-management platform: cards, bill pay, reimbursements, and approvals in one place.
• Strong accounting integrations (Xero, QuickBooks, NetSuite) for a dedicated finance team.
• Unlimited free virtual cards, useful for controlling subscriptions and vendor spend.
• Cashback on foreign-currency card spend, advertised up to 2%.
• Holds up to 11 currencies, a touch more than YouBiz.

Disadvantages of a Volopay account:

• Pricing isn’t published, so you can’t compare the real cost without a sales call.
• The FX markup on card spend and transfers isn’t disclosed upfront.
• Cashback is limited to foreign spend, so local SGD spend earns nothing back.
• Card spend can carry a monthly minimum (around S$5,000) before a flat fee kicks in.
• International transfers carry a per-payment fee, unlike YouBiz’s fee-free Dashboard transfers.

For a company whose main job is controlling and saving on what it spends, those gaps, opaque FX and metered cashback especially, are where a transparent account like YouBiz pulls ahead.

Is YouBiz the Same as YouTrip?

They’re built by the same company, but they’re not the same product, and this trips up a lot of searches.

YouTrip is the personal multi-currency wallet, made for individual travellers spending overseas. YouBiz is the business account, made for company spend, with corporate cards, expense controls, and multi-user access YouTrip doesn’t offer.

If you’ve been running business expenses on a personal YouTrip card, YouBiz is the business-built version, and the one that earns your company cashback and passes it clean expense records.

Which Is Right for Your Business?

There’s no single business account that’s best for every SME. It comes down to what your company actually does with the money.

Volopay fits a business that wants software around its spend. Your company gets:

• Approval workflows, bill pay, and reimbursements in one platform
• Deep accounting integrations for a dedicated finance team
• Unlimited virtual cards and finance-ops controls

If running a full spend-management stack matters as much as saving on FX, and you’re happy to negotiate a quote, that platform can earn its fee.

YouBiz fits most Singapore SMEs that want unlimited 1% cashback and free spending with no tiers: startups, agencies, e-commerce sellers, and finance leads after a clean corporate-card-and-expense toolkit without a sales call. Your company gets:

• Unlimited 1% cashback on eligible spends, local and overseas, not just foreign spend
• Real 0% FX fees across 150+ currencies, at a rate you can check
• Transparent pricing with nothing quoted and nothing held back
• Up to 100 cards, unlimited team seats, and approvals
• All at S$0/month

What about larger or finance-ops-heavy teams?

A platform like Volopay can be a genuine fit, especially for a company that lives in its approval workflows and accounting syncs. But the moment simplicity, transparent FX, and cashback on all your spend matter more than software depth, a quote-based platform starts to cost you, in fees and in visibility.

For the core SME job, controlling and saving on what your business spends, YouBiz wins on price and transparency.

👉 Still shortlisting? Our Airwallex vs YouBiz, Aspire vs YouBiz, and Revolut Business vs YouBiz comparisons cover the other popular Singapore accounts, and our guide to the best corporate card in Singapore for SMEs ranks the wider field.

FAQs

The Right Account Depends on How Your Business Spends

If your company’s money goes out as SaaS charges, cloud invoices, ad spend, and overseas supplier payments, and you’d rather see every fee than negotiate one, YouBiz is built for exactly that.

Real 0% FX across 150+ currencies, unlimited 1% cashback on eligible spends, and up to 100 cards with unlimited team seats, all at S$0/month.

Apply in under 5 minutes at you.co/biz. Once approved, your virtual YouBiz Mastercard is available immediately, and your physical card arrives within 5 to 7 working days.

Already saving on overseas spend? Refer another business owner, and you each earn S$50 when they sign up and make their first card spend.