2024 Product Updates: Faster payments, enhanced treasury management, stronger security, and more

Better Payment For Your Needs

Aspire is now available to support businesses in Hong Kong

• Pay suppliers, settle invoices, and cover recurring expenses with free FPS transfers in HKD and CNY, CHATS transfers in USD, SWIFT transfers in 13 currencies and corporate cards.
• Hold and transact in HKD, CNY, and USD to accept payments and pay vendors without costly conversion.
• Pay and withdraw cash at ATMs inside and outside Hong Kong with your Aspire physical card.
• On top of that Aspire also comes with employee expense management with unlimited free virtual cards featuring customizable spend limits and merchant locks, budget management, invoice tracking, and more.

 Get paid faster by other Aspire users

• Receive cross-border payments instantly when sent by other Aspire users in SGD, USD, EUR, and GBP.  

Process thousands of payments at once

• Whether you’re paying salaries or suppliers, effortlessly send money to multiple recipients at once with our enhanced batch transfer system for both local and cross-border payments.

Streamline your payout processes

• Boost operational efficiency for your entire finance team with our FX Payout API. Automate transfers directly from your existing systems and seamlessly make payments from your Aspire USD or SGD to employees, suppliers and partners worldwide.  

Distribute spending power whenever you need it

• Leverage our Card API to create virtual cards in real-time for various business or employee spending purposes, complete with built-in spending policies

Control access to confidential payroll details

• We recognise the importance of data privacy in payroll management. With payroll permission, you can grant selected users access to individual payroll transaction details within batch transfers.

Enhanced Treasury Management

Easily manage funds across accounts and safeguard against FX fluctuations

• Instantly move funds between your Aspire SGD, USD, EUR or GBP currency accounts based on your business needs, with $0 transfer fees. Ensure smooth transactions with sufficient balances and safeguard your money from FX fluctuations. 

• Manage the uncertainties of fluctuating FX rates when your transfers are awaiting approvals. You can now secure rates for 3-24 hours for SGD, EUR, and GBP transfers from your USD account

Control inflows and outflows effectively

• Create multiple debit account details in the same currency to separate income, expenses, projects, and operational costs for better financial organisation.

Easy Financial Management

Delegate with full oversight

• Empower your teams or departments to independently manage their allocated funds with up to 3 levels of sub-budgets while you maintain control over overall spending limits. 

Process claims efficiently

With our enhanced claims feature, your team members can group and submit claims by expense types. Furthermore, uploaded receipts are tagged to relevant transactions with smart auto-match, making approvals a breeze.

Stay on top of what matters

• Never miss an important update with our new notifications and receive monthly analytics that provide deep insights into your cash flow, spending patterns, and financial health. 

Stronger Security, Seamless Access

Protect your finances with AI-Powered security

• Stay secure with AI-powered protection and instant fraud resolution. Instantly freeze accounts, flag card transactions, and block transfers when suspicious activity is detected. You can easily report and resolve fraud issues directly through the app too.

Password-free logins with Passkeys: Enhanced security with less hassle

• Experience the password-less future with Passkeys. We’re one of the first to adopt passkeys so you can enjoy seamless, faster, and more secure logins across both web and mobile platforms.

We've upgraded your experience in 2024 to help you stay ahead in the game, whether it's speeding up cross-border operations, improving payments, or providing a passwordless future with passkeys. Looking ahead to 2025, we’re excited to expand our reach to larger markets and deliver even more innovative solutions to meet your growing needs.