Top 10 Fintech Apps in Singapore (2024)
Singapore’s fintech scene is booming, offering innovative solutions for payments, investments, lending, and personal finance. Here are the 10 best fintech apps in 2024, evaluated for security, user experience, and value.
1. DBS digibank
Best for: All-in-one digital banking Key Features: • Zero-fee multi-currency accounts • Instant fund transfers via PayNow • AI-powered financial insights (DBS NAV Planner) • High-interest savings (up to 4.1% p.a. with conditions) Pros: Seamless integration with Singapore’s national payment systems, 24/7 customer support. Cons: Physical branch visits required for some services.
2. GrabPay
Best for: Everyday payments & rewards Key Features: • Contactless payments at 100,000+ merchants • GrabRewards points for transactions • Bill payments & peer-to-peer transfers • Integration with Grab’s ride-hailing & food delivery Pros: Widely accepted, instant cashback offers. Cons: Limited to Singapore and select SE Asian countries.
3. StashAway
Best for: Automated investing (robo-advisor) Key Features: • Goal-based portfolios (General, SRI, or Income) • No minimum investment for "Simple" plan • Automatic rebalancing & risk-adjusted allocations • Transparent fee structure (0.2%–0.8% p.a.) Pros: Beginner-friendly, diversified ETF portfolios. Cons: No direct stock trading.
4. Revolut Singapore
Best for: Multi-currency & forex Key Features: • 28+ currencies with interbank exchange rates • Free local/overseas transfers (limits apply) • Budgeting tools & spending analytics • Crypto trading (100+ tokens) Pros: Great for frequent travelers, no hidden fees. Cons: Weekend forex markups on free plans.
5. Singlife with Aviva
Best for: Insurance & savings hybrid Key Features: • Flexible savings account (up to 2.5% p.a. interest) • Customizable insurance coverage (life, critical illness) • No lock-in periods or penalties • Digital claims processing Pros: Combines protection with liquid savings. Cons: Lower returns than pure investment apps.
6. Syfe
Best for: Themed investing (REITs, tech, ESG) Key Features: • Pre-built portfolios (e.g., "Global Top 50 Stocks") • Fractional shares & dollar-cost averaging • No commission on trades • Syfe Select for curated stock picks Pros: Thematic investing for niche interests. Cons: Higher fees (0.4%–0.65% p.a.) than DIY platforms.
7. YouTrip
Best for: Overseas spending Key Features: • Multi-currency card with wholesale exchange rates • No foreign transaction fees • Instant top-ups via app • Spend tracking & budgeting tools Pros: Cheaper than traditional banks for forex. Cons: Limited to card payments (no cash withdrawals).
8. Aspire
Best for: SMEs & freelancers Key Features: • Business accounts with no minimum balance • Corporate cards with cashback (up to 1%) • Invoice financing & expense management • Multi-currency wallets Pros: Tailored for startups, fast onboarding. Cons: Not ideal for personal use.
9. Crypto.com
Best for: Cryptocurrency trading Key Features: • 250+ cryptocurrencies & NFT marketplace • Crypto earn (up to 14.5% p.a. on stablecoins) • Visa card with cashback (up to 8%) • Low trading fees (0.04%–0.4%) Pros: High yields on staking, strong security. Cons: Regulatory uncertainty in some jurisdictions.
10. Planner Bee
Best for: AI-powered financial planning Key Features: • Chatbot-driven financial advice • Goal-based savings plans (e.g., retirement, education) • Integration with CPF & bank accounts • Personalized insurance recommendations Pros: Free basic plan, user-friendly interface. Cons: Limited to Singapore residents.
How to Choose the Right Fintech App
• Payments: GrabPay or YouTrip for daily use. • Investing: StashAway (hands-off) or Syfe (thematic). • Forex/Spending Abroad: Revolut or YouTrip. • Business Needs: Aspire for SMEs. • Crypto: Crypto.com for trading & staking. Security Tip: Ensure apps are regulated by the Monetary Authority of Singapore (MAS) and enable two-factor authentication (2FA).
Emerging Trends in 2024
• BNPL (Buy Now, Pay Later): Apps like Atome and hoolala gaining traction. • Green Fintech: Platforms like Aspire offering carbon footprint tracking. • AI Advisors: More apps integrating generative AI for personalized advice. • Cross-Border Payments: Faster remittance solutions (e.g., Wise, Instarem).