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Payroll · head to head

Volopay vs Wagestream

Volopay logo

Volopay

Payroll

Corporate cards, multi-currency accounts and accounts payable automation for Asia-Pacific businesses

From
On request
Rated
-
Full reviewWebsite
Wagestream logo

Wagestream

Payroll

Financial wellbeing platform with flexible pay, savings and coaching for UK and US employers

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Volopay cross-currency spend within Singapore carries a fee around 3.1%, which is easy to overlook against the advertised free domestic transfers and can dominate total cost for internationally mobile teams.; Wagestream employees pay a flat fee of around 1.95 pounds per transfer, so frequent users pay a meaningful annual sum to access wages they have already earned.
  • They diverge on capability: Volopay covers Multi-currency business accounts, Wagestream covers Stream pay.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Volopay and Wagestream actually diverge.

Attributes where Volopay and Wagestream differ
AttributeVolopayWagestream

Identical on both: starting price (On request), pricing model (quote), free tier (No), platforms (Web, iOS, Android), user rating (Not yet rated), category (Payroll).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Volopay

  • Multi-currency business accounts
  • Virtual and physical corporate cards
  • Accounts payable automation
  • Expense management
  • Accounting integrations
  • Approval workflows

Only in Wagestream

  • Stream pay
  • Build savings
  • Track
  • Coaching
  • Employer subsidy
  • Rostering integration

What people use each for

The jobs each tool is most often brought in to do.

Volopay

  • A Singapore-headquartered company paying vendors and staff across several APAC currencies from one accountnot Wagestream
  • A finance team wanting free domestic transfers with accounts payable automation includednot Wagestream
  • A regional business consolidating separate local business bank accounts into one multi-currency platformnot Wagestream
  • A company whose card spend is concentrated in SGD and wants to minimise cross-currency fee exposurenot Wagestream

Wagestream

  • A care provider with thousands of shift workers using flexible pay to fill unpopular shiftsnot Volopay
  • A retailer under ESG scrutiny that wants to subsidise the transfer fee and evidence a genuine benefitnot Volopay
  • An employer whose staff use payday lending and who wants a cheaper alternative inside payrollnot Volopay
  • A logistics operator wanting savings-from-pay alongside early access rather than advances alonenot Volopay

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Volopay

  • Cross-currency spend within Singapore carries a fee around 3.1%, which is easy to overlook against the advertised free domestic transfers and can dominate total cost for internationally mobile teams.
  • Cross-border payments in non-SGD currencies add roughly 1.6%, so a company paying many overseas vendors accumulates a real cost that is not visible on the headline pricing.
  • Regional focus on Asia-Pacific means weaker fit for companies whose spend is mainly in Europe or North America, where Payhawk or Extend cover the ground better.
  • Pricing is not published, so despite the specific fee percentages that are publicly known, the underlying subscription or platform fee must be obtained by quote.
  • As a comparatively young fintech, its card issuing depends on banking partners whose regulatory standing in each APAC market can change, and companies should confirm current licensing in their specific country before committing.

Wagestream

  • Employees pay a flat fee of around 1.95 pounds per transfer, so frequent users pay a meaningful annual sum to access wages they have already earned.
  • Employers who do not subsidise the fee are, in effect, offering a benefit funded by their lowest-paid staff, which is an awkward position when unions or ESG reporting examine it.
  • Transfers are capped at a share of earned wages, commonly around half a month, so it does not resolve a genuine income shortfall and can delay someone seeking real debt help.
  • It needs accurate payroll and rostering feeds; employers with legacy or multiple payroll systems face long integrations before launch.
  • Uptake concentrates in a minority of staff who use it repeatedly, so headline adoption figures overstate how broadly the benefit is felt across a workforce.

Pricing, plan by plan

Volopay

On request
  • Volopay$undefined/month
    • Free domestic SGD transfers and Accounts Payable Automation
    • Approximately 1.6% fee on cross-border non-SGD payments
    • Approximately 3.1% fee on cross-currency spend within Singapore

Wagestream

On request
  • Wagestream$undefined/year
    • Employer platform fee quoted, commonly per employee per month
    • Employee pays roughly 1.95 per wage transfer unless subsidised
    • Employer can part-subsidise or fully fund the transfer fee

Which should you pick?

Choose Volopay if

  • You need multi-currency business accounts.
  • You work on Web, iOS, Android.
  • You also want virtual and physical corporate cards.
Volopay review

Choose Wagestream if

  • You need stream pay.
  • You work on Web, iOS, Android.
  • You also want build savings.
Wagestream review

Questions people ask

Is Volopay or Wagestream better?
Neither clearly leads. Volopay starts at On request and Wagestream at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Volopay or Wagestream?
Volopay starts at On request and Wagestream at On request.
Does Volopay or Wagestream run on more platforms?
Both run on Web, iOS, Android, so platform support will not decide this one for you.
What is Volopay best used for?
Volopay is most often used for a singapore-headquartered company paying vendors and staff across several apac currencies from one account, a finance team wanting free domestic transfers with accounts payable automation included, a regional business consolidating separate local business bank accounts into one multi-currency platform, a company whose card spend is concentrated in sgd and wants to minimise cross-currency fee exposure. Of those, a singapore-headquartered company paying vendors and staff across several apac currencies from one account and a finance team wanting free domestic transfers with accounts payable automation included are not what Wagestream is typically brought in for.
What can Volopay do that Wagestream cannot?
Volopay covers Multi-currency business accounts, Virtual and physical corporate cards, Accounts payable automation, Expense management. Wagestream covers Stream pay, Build savings, Track, Coaching.

Answered from the vendors’ own pages

Volopay: What currency is Volopay built around?

Singapore dollar as the base account currency, with support for spend and transfers across several other Asia-Pacific currencies.

Wagestream: What does an employee pay?

A flat fee of roughly 1.95 pounds per transfer, unless the employer subsidises part or all of it.

Volopay: Are transfers free?

Domestic SGD transfers and the Accounts Payable Automation product are advertised as free; cross-border and cross-currency transactions carry separate fees.

Wagestream: Is it a loan?

No. It is access to wages already earned, netted off at payroll, so there is no interest and no credit agreement.

Volopay: Is pricing published?

No, subscription pricing requires a quote, though the specific cross-currency fee percentages are disclosed publicly.

Wagestream: Can employers cover the fee?

Yes. Employer subsidy is a standard option and is the difference between a genuine benefit and a cost passed to staff.

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