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They may collect funds locally and settle them in the recipient’s country using local payment networks, which reduces costs and processing times.",[],"How do global payments or international money transfers work?",{"_id":1522,"answer":1523,"question":1531},"faq-SG-what-is-an-international-money-transfer-and-how-does-it-work",[1524],{"_key":1525,"_type":176,"children":1526,"markDefs":1530},"i1",[1527],{"_key":1528,"_type":180,"text":1529},"i1s","A global payment moves money to a bank account set up in another country, whether you're paying a supplier, vendor, employee, or business partner. Usually a global payment provider sits between you and the recipient, collecting funds locally and settling them in the recipient's country over local payment networks, which keeps costs and processing times down. With Aspire, you can send same-day transfers to over 30 currencies directly from the app.",[],"What is an international money transfer and how does it work?",{"_id":1533,"answer":1534,"question":1542},"faq-SG-what-is-the-fastest-way-to-transfer-money-internationally",[1535],{"_key":1536,"_type":176,"children":1537,"markDefs":1541},"f1",[1538],{"_key":1539,"_type":180,"text":1540},"f1s","Local transfers are the faster route. They send money directly to the recipient's local bank account and typically settle instantly or within one business day, while international wire transfers over SWIFT route through multiple intermediary banks and can take one to five business days. With Aspire, you can make same-day transfers to more than 30 major currencies, with free local transfers in major currencies and FX rates from just 0.22% above mid-market.",[],"What is the fastest way to transfer money internationally?","FAQs about global payments & international money transfers",{"_key":1545,"_type":1546,"articles":1547,"heading":1571},"global-payments-related-articles","articleGrid",[1548,1556,1564],{"_id":1549,"category":1550,"coverImage":1551,"publishedAt":1554,"slug":1555,"title":1552},"blogPost-SG-65a9e9bbd0bdabb429b1e5e7",{"title":643},{"_type":160,"alternativeText":1552,"height":1060,"url":1553,"width":1062},"What is GIRO in Singapore? A complete guide for businesses in 2026","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F7bec9f3bc1192abbf3a85ab3d498e8a1\u002Fa-comprehensive-guide-to-giro-payments-and-transfers-in-singapore_cover.png","2026-07-14T00:00:00.000Z","a-comprehensive-guide-to-giro-payments-and-transfers-in-singapore",{"_id":1557,"category":1558,"coverImage":1559,"publishedAt":1562,"slug":1563,"title":1560},"blogPost-SG-6a88766e82a2f9e12b967b8b",{"title":643},{"_type":160,"alternativeText":1560,"height":1060,"url":1561,"width":1062},"Payment gateway vs payment processor in Singapore: Key differences explained","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Fb373392067c7bf787272d99d903d1d05\u002Fshared-hk-b3733920_cover_shared-cover-business.jpeg","2026-08-24T00:00:00.000Z","payment-gateway-payment-processor-differences",{"_id":1565,"category":1566,"coverImage":1567,"publishedAt":1562,"slug":1570,"title":1568},"blogPost-SG-6a887645c738d7f297bc1b60",{"title":643},{"_type":160,"alternativeText":1568,"height":1060,"url":1569,"width":1062},"Payment gateway vs merchant accounts: Key differences explained","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F4f65c60c54aadeb25e9f7855f75902bc\u002Fshared-4f65c60c_cover_shared-cover-payments.jpeg","payment-gateway-merchant-accounts-differences","Related articles",{"_key":1573,"_type":1437,"background":1574,"body":1575,"ctas":1576,"footnote":252,"heading":1589,"variant":1590},"cta-closing","mint-gradient","Open your free account",[1577,1582],{"_key":1578,"_type":1093,"link":1579,"variant":1096},"cta-closing-primary",{"_type":149,"externalUrl":150,"form":252,"internalTarget":1580,"label":1581,"linkType":151,"openInNewTab":147},{"_type":252,"slug":252},"Get Started",{"_key":1583,"_type":1093,"link":1584,"variant":1103},"cta-closing-secondary",{"_type":149,"form":252,"internal":1585,"internalTarget":1587,"label":1102,"linkType":233},{"_ref":1586,"_type":232},"page-SG-talk-to-sales",{"_type":306,"slug":1588},"talk-to-sales","Start your journey with Aspire","emailCapture",{"_type":155,"metaDescription":1592,"metaTitle":1593,"socialShareImageUrl":1594},"Fast, low-cost international money transfers from Singapore. Save more with FX pricing that beats most providers in the market. What you see is what you pay.","Global Payments - Aspire Singapore",{"_type":160,"alternativeText":1108,"height":1109,"url":1110,"width":1111},{"_type":1596,"current":334},"slug",[],1791455551197]