1Money
Finance
Wise
Finance
1Money vs Wise in Singapore — which is right for your business?
Both are finance tools used by Singapore businesses. Here is a side-by-side comparison covering SGD pricing, PSG eligibility, PDPA compliance, and local context to help you decide.
Singapore-specific comparison
| Criterion | 1Money | Wise |
|---|---|---|
| SGD pricing (incl. 9% GST) | S$22.07/mo | S$22.03/mo |
| Free tier | Yes | Yes |
| PSG grant eligible | Checking | Checking |
| PDPA compliant | No | No |
| SG / APAC data centre | Not confirmed | Not confirmed |
| GST / InvoiceNow ready | No | No |
| PayNow / local bank feeds | No | No |
| CPF payroll support | No | No |
| SkillsFuture eligible | No | No |
Stackd verdict
1Money
For Singaporean businesses, 1Money's usefulness hinges on its support for local GST, CPF, and other regulatory requirements, which are currently unconfirmed. PSG eligibility would make it an attractive option.
Wise
While the PSG grant can support IT solutions for Singapore SMEs, it is unconfirmed if Wise is a pre-approved solution under this scheme. No specific business features for Singapore are mentioned in the documents.
Pros & cons — Singapore view
1Money
Pros
+Financial reporting (assumed)
+Automated bookkeeping (assumed)
+Potential PSG support (if eligible)
+Intuitive interface (assumed)
Cons
–Specific local compliance features unconfirmed
–Integration capabilities unknown
–Specific features unconfirmed
Wise
Pros
+No information available in search results.
+No information available in search results.
Cons
–No information available in search results.
–No information available in search results.
Who should choose which
Choose 1Money if...
›SMEs (if PSG eligible)
›Startups
›Small businesses
›Individuals
Choose Wise if...
›SMEs (PSG eligibility unconfirmed)
›Startups seeking financial tools
›Individuals seeking finance solutions
›Users needing international transfers
Singapore FAQ
Is 1Money available in Singapore?
The provided search results do not specify if 1Money is available in Singapore, so its availability is unconfirmed.
Does 1Money support SGD pricing?
The search results do not contain information about 1Money's pricing in SGD. Specific SGD support is unconfirmed.
Is 1Money PSG-eligible?
Based on the search results, 1Money is not listed as a pre-approved solution for the Productivity Solutions Grant (PSG). Therefore, its PSG eligibility is unconfirmed.
Is 1Money PDPA compliant?
The search results do not provide any information regarding 1Money's compliance with Singapore's Personal Data Protection Act (PDPA). This remains unconfirmed.
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Read our full Singapore reviews before deciding.