Is Aspire a bank?


Aspire is not a bank, but a Payment Services Institution in Singapore. Aspire is currently exempted from holding a license to provide payment services under the Payment Services Act. You can find the list of exempted entities with MAS - Link.

As a Payment Services Institution, Aspire is able to provide our clients with a suite of financial services, including a current account and means of payments necessary for the smooth running of their business (physical and virtual cards, direct debits, international transfers).

Your Aspire Business Account comes with a local 17-digit account number for your monies and this account is housed with our partner Tier 1 Bank in Singapore. 

Credit lines to businesses are issued by Aspire, which is an exempted moneylender under the Moneylenders Act. 

Our VISA cards are issued and powered by our partner organisation - NIUM Pte Ltd.


Questions? Please call us at +65 3165 1500 during business hours (Mon - Fri, 9:30 AM - 6:30 PM SGT).