Singapore-based fintech Aspire has entered a strategic collaboration with J.P. Morgan Payments to improve foreign exchange (FX) efficiency and wallet-based fund conversion for clients operating internationally.

For businesses working across borders, inefficient currency conversion can lead to delayed payments, unpredictable costs, and missed opportunities.

Under the collaboration, J.P. Morgan Payments will act as a primary FX provider to Aspire, enhancing pricing, corridor access, and infrastructure resilience across markets.

The first phase focuses on FX-to-wallet conversion in multiple currencies, including SGD, USD, GBP, EUR, and HKD.

Aspire customers can now convert and manage funds within their wallets with institutional-grade infrastructure supporting each transaction.

“As Aspire scales, our focus remains clear: delivering powerful banking infrastructure and simplified finances for globally ambitious companies,”

said Andrea Baronchelli, CEO and Co-Founder of Aspire.

“This collaboration with J.P. Morgan Payments further strengthens our FX strategy, combining institutional scale with fintech flexibility to deliver the competitive pricing and resilient infrastructure our customers need as they grow.”

“At J.P. Morgan Payments, we continue to focus on supporting innovative fintechs that are building for global commerce,”

said Christine Tan, APAC Head of FIG Sales at J.P. Morgan Payments.

“Collaborating with Aspire reflects a shared commitment to delivering reliable, secure and scalable financial infrastructure for businesses operating across borders.”

J.P. Morgan Payments processes over US$10 trillion in payments daily, across more than 160 countries and 120 currencies.

Aspire has also expanded its regulatory presence, securing eight licenses and registrations across Australia, Europe, and the US to support multicurrency accounts, payments, cards, and spend management.

Edited by Fintech News Singapore, based on image by mkmult via Freepik