Quick and hassle-free domestic money transfer in Singapore
Have several payment options for various merchants and remittances? Volopay can take the place of time-consuming procedures. Utilize our employee and vendor payment services to consolidate your many spending kinds. Send money locally, and it will appear in seconds. With the fastest domestic money transfers in Singapore, you can keep track of every dollar that leaves your firm.
Trusted by finance teams at startups to enterprises.
Swift, instant money transfers
Money may be transferred at the speed of light. Employee vendor payment services from Volopay let you pay within Singapore in seconds. There are no hidden fees or surcharges. Pay your local businesses and employees, as well as send money, in just a few clicks.
Many expenses, one dashboard
Manage and track all transactions on our easy, live dashboard, whether it's our vendor payment services, reimbursement, or payroll. Get complete transparency on all domestic money transfers in Singapore, including who, when, where, and why each transaction was made. Access all corporate invoices and receipts from anywhere in the world on one single platform.
Advanced multi-level approval workflow
Replace shady spending with legitimate ones for easier verification and accountability. Create multi-level approval workflows for each and every expense that passes through our system.
At every level, assign several approvers and choose from a variety of built-in policies, such as the maker-checker policy, which ensures that the expense's maker is never the lone checker. Do you want to make your own policies? Set up your company's cost regulations in our system and enforce compliance right away.
Vendor management
From the Volopay dashboard, you may create a virtual vendor network. With only a few clicks, you may add/remove merchants from your network, enjoy early payment discounts, and more!
With Volopay, you may choose the best business account platforms for easy domestic money transfers in Singapore.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments
Manage vendors, approve invoices and automate payments
Save hours daily, and close your books faster every month
Integrate with the all the tools and software that you use daily
Learn more about our domestic money transfers
Volopay provides a variety of services to make the accounts payable process go more smoothly from beginning to end. On a single platform, you'll find a seamless combination of invoice processing, reimbursement, corporate cards, approvals, and integrated accounting automation.
Global business account
Open a multi-currency international business account and keep money in all major currencies. FX fees are far lower than those charged by other traditional institutions.
Accounting automation
At your fingertips, you'll find the world's fastest accounting integrations. With automated accounting, you can close your books in record time. Xero, Quickbooks, NetSuite, Deskera, and MYOB are just a few of the accounting software that Volopay interfaces with.
Vendor payouts
Volopay allows you to pay suppliers wherever they are. With non-SWIFT and SWIFT alternatives, you may make local and cross-border B2B payments. With our Bill Pay function, you can create invoices, schedule payments, and automate the process. Every time, you must pay on time. Vendors on the Volopay platform will give you discounts if you pay them early.
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FAQs on domestic money transfer
Volopay's live dashboard keeps track of each and every money transfer for better visibility and reconciliation. Volopay gathers all essential information into every single transaction (bills, invoices, or receipts) to track and categorise spending in a more efficient manner, rather than going through numerous payment methods and reconciling expenses arbitrarily.
Why should spending management be any different when organisations grow with unfettered ambition? For all domestic money transfers, Volopay allows for an unlimited number of transactions. Pay in bulk or as soon as you receive an invoice, and benefit from super-fast payments with no processing fees.
Volopay is a completely secure payment method. Volopay does not have access to your e-wallet cash; we are merely a one-stop shop for managing your end-to-end accounts payable process. You can top up your e-wallet, which works like an escrow account, to protect your business money. Furthermore, we issue VISA business cards that are extremely safe because they do not allow direct access to the funds in your account or e-wallet.
Domestic money transfers in Singapore are completed within a time span of 24 hours.
Yes, local money transfers and international transfers can easily be made from one business account to another.
Yes, SWIFT makes the process of domestic payments or local money transfers easier and extremely quick from financial institutions or business to customer accounts.