Is Aspire a bank?
Updated over a week ago

Aspire is not a bank, but a Payment Services Institution located in Singapore. Aspire is currently exempted from holding a license to provide payment services under the Payment Services Act. You can find the list of exempted entities with MAS by clicking on this link.

In Indonesia, we operate under the PT Kharisma Catur Mandala. PT Kharisma Catur Mandala is a payment system company regulated by Bank Indonesia with Fund Transfer permit No: 20/231/DKSP/82, Payment Gateway permit no: 22/454/DKSP/Srt/B, and has been registered as an Electronic System Operator (PSE) at the Ministry of Communication and Information of the Republic of Indonesia, Number: 000972.02/DJAI.PSE/08/2022.


As a Payment Services Institution, Aspire is able to provide an all-in-one finance operating system for businesses. Your Aspire account will cover your business and financial needs by providing access to multi-currency accounts, expenses, payables, and receivables management solutions.

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