Once your local currency account is active (check guide for requesting accounts here), you can send payments locally in MYR, PHP, IDR, and VND via domestic payment rails. Create your same currency local recipient in the App to whom you intend to pay, enter the transaction details and the funds will be sent straight from your Aspire account.
Who can do this
Admin and Finance users can submit and approve transfers.
How to pay a local SEA transfer
The steps below use MYR as an example. The flow is exactly the same for PHP, IDR, and VND - just open the relevant currency account.
On your Aspire dashboard, open your MYR account and click "Make a transfer".
Click "Pay a recipient" and select "New recipient".
Fill out the required recipient details.
Place the amount you want to send. Click "Continue".
Place any transfer reference that will be visible to the recipient, then add the rest of the reporting fields (category, budget, and other reporting fields) on your payment.
Review the transfer details, and if all is good, click "Submit", and the transfer will be initiated.
What values should I use for the Region and City fields in an IDR recipient details?
Please refer to the Region and City reference table below and use the exact values listed when filling in these fields. Entering values outside of this list will result in an error while filling in the recipient details.
Transfer Limits
Currency | Transfer Type | Maximum Transaction Limit | Settlement Time |
MYR | Bank Transfer | MYR 10,000,000 | Same day (if request received before local cutoff time) |
IDR | Bank Transfer | IDR 100,000,000,000 | Same day (if request received before local cutoff time) |
PHP | Bank Transfer | PHP 1,300,000 | T+1 |
VND | Bank Transfer | VND 300,000,000.00 | Same day (if request received before local cutoff time) |
Pricing
Currency | Per Transfer Fees |
MYR | MYR 20 |
IDR | IDR 13,500 |
PHP | PHP 130 |
VND | VND 122,500 |
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