What Aleta Planet does

Aleta Planet is a Singapore-headquartered cross-border payments fintech founded in 2014 (originally as MoovPay) by former banker Ryan Gwee. The company operates a proprietary multi-currency payment platform that connects to UnionPay, Visa, Mastercard, Discover, WeChat Pay, Alipay, PayNow, Apple Pay, Google Pay, and Huawei Pay, enabling foreign individuals and businesses to pay like locals in China and to remit funds to China across 150+ countries. Its core products are the Global Business Account (supporting 14 currencies), the AP-1 virtual card, Corporate and Personal Visa debit cards, Global Payouts (B2B/B2C/C2C remittances), Payment Acceptance APIs, Closed Loop Banking, and a sector-specific Trade Payment solution for fresh-food supply chains. Aleta is a Monetary Authority of Singapore Major Payment Institution, a UnionPay International Certified Principal Member (since 2019), a Visa Principal Member and BIN Sponsor (since March 2026), and a holder of Bank Negara Malaysia remittance and e-money licenses. It operates from Singapore, Hong Kong, Dubai, Sydney, Kuala Lumpur, and Shenzhen, reports $2 billion in annual cross-border payment volume, and serves 200+ corporate clients including F J Benjamin, Nestia, AXS, AZORTE (Reliance Retail), Lakala International, Singapore Airlines (KrisShop), and Zhongguo Remittance. The business generates revenue from transaction and FX fees on remittances, subscription/annual fees on consumer accounts, interchange fees from BIN-sponsored card programs, BIN sponsorship service fees, and managed services for enterprise partners.

Name

Aleta Planet

Legal name

Aleta Planet Pte Ltd

Website

https://aletaplanet.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Aleta Planet is a Singapore-based cross-border payments fintech specializing in China-corridor remittances, multi-currency accounts, and white-label Visa debit card issuance, serving SMEs, enterprises, and consumers across Asia and the Middle East.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Credit Card Issuing (522210), Credit Card Issuing (52221)

SIC

Finance Services (6199)

akta.pro primary industry

Card Issuing Platforms (Issuer Processing) (FSAGABAD)

akta.pro secondary industries

Virtual Card Issuance & Tokenized Corporate Cards (THACAJAA), Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Travel Money Cards & Multi-Currency Prepaid (FSAMANAI), Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK), International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Cross-border payments
• Multi-currency accounts
• Card issuance platform
• Remittance services
• Payment infrastructure

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Transaction and Remittance Fees: Fees charged on cross-border remittance transactions and payment processing. Remittance fees vary by amount and channel (UnionPay, Weixin, Alipay). Additional charges may apply for international transfers.
2. Membership and Annual Fees: AP-1 card membership sign-up fee (standard $99, promotional US$38 for passport sign-up) and annual fees ($12/year). Dormant account maintenance fees: USD 50/month (personal), USD 500/month (corporate).
3. Interchange Fees from Card Programs: BIN sponsorship model enables businesses to issue branded cards and earn interchange fees from customer spending. Aleta provides compliance and technology backend for card programs.
4. FX Conversion Fees: Currency exchange fees when converting between SGD, USD and other supported currencies for global transfers and payments.
5. BIN Sponsorship Service Fees: Fees for providing Visa BIN sponsorship infrastructure to businesses, including compliance, technology, and legal backend support for launching branded card programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

Aleta Planet is a Singapore-headquartered fintech that provides a proprietary cross-border payment platform enabling multi-currency digital accounts (up to 14 currencies), Visa/Mastercard card issuance, and global payouts to 150+ countries. The company is a UnionPay Certified Principal Member and a Visa Principal Member / BIN Sponsor, allowing it to issue cards on behalf of businesses and connect remittances to China through UnionPay, Weixin, and Alipay. It offers ready-to-use APIs and plug-and-play solutions for merchants, corporates, and platforms, alongside consumer-facing products such as the AP-1 virtual card and Sanrio collectible debit cards.

Product overview

Aleta Planet is an award-winning global payments solution provider offering a comprehensive suite of products organized as a platform-plus-modules architecture. The core platform consists of multi-currency digital accounts (Global Business Account, Global Prestige Account) and the flagship AP-1 virtual card for cross-border payments. The product portfolio includes Corporate Cards and Personal Cards (Visa and Mastercard debit), complemented by specialized solutions: Global Payouts (B2B/B2C/C2C remittances), Payment Acceptance (merchant APIs), Closed Loop Banking, BIN Sponsorship (white-label Visa card issuance), and sector-specific offerings like Trade Payment for Fresh Food Supply Chain and Global Payroll. Recent expansions include MPLUS Aleta for Muslim consumers in Southeast Asia, Sanrio-themed collectible Visa debit cards (Aleta Adventure), and India market entry with Sanrio-themed cards via Reliance Retail subsidiary AZORTE. The company processes over $2 billion in annual cross-border transactions, specializing in China-centric payments with connectivity to UnionPay, Visa, Mastercard, WeChat, Alipay, and 150+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Business Account Multi-currency digital business account enabling businesses to pay, receive, and manage up to 14 currencies in a single application, with FX transfers to 150+ countries, borderless corporate cards, and payment links/gateways for worldwide acceptance.
• Global Prestige Account Premium multi-currency digital account for high-net-worth individual users, enabling cross-border payments and currency management.
• Corporate Cards Visa Platinum Debit and Visa Business Debit card programs issued under Aleta Planet's Visa Principal Membership and BIN sponsorship for corporate clients.
• Personal Cards Personal Visa debit cards including limited-edition collectible Sanrio-themed cards (Cinnamoroll, Hello Kitty, Kuromi) with travel perks, eSIM connectivity, and international remittance features.
• AP-1 Virtual Card Flagship virtual card platform enabling cashless payments like locals in China via UnionPay QR codes and contactless NFC, with multi-currency support (SGD/USD) and Mastercard issuance.
• Visa BIN Sponsorship Program Platform enabling businesses and fintech platforms to launch fully-branded Visa debit card programs (Visa Platinum, Visa Business) without obtaining their own banking license. Provides compliance, technology, and legal backend support.
• Global Payouts B2B, B2C, and C2C single and mass remittance services to over 150+ countries including payroll disbursements, supplier payments to China within 24 hours, and international family remittances.
• Payment Acceptance Payment links, gateways, and acceptance solutions enabling merchants worldwide to accept payments via APIs, including scan-to-pay, QR code, and contactless NFC options.
• Global Payroll All-in-one solution for making seamless payroll payments to employees across Asia including China, India, Malaysia, and Thailand.
• Trade Payment for Fresh Food Supply Chain Tailored trade payments and financing solutions for perishable goods supply chains, lowering costs, simplifying cross-border transactions, and enhancing visibility and traceability.
• MPLUS Aleta Digital payment app helping Muslim merchants and consumers across Southeast Asia embrace secure, cashless payments.
• Embedded Finance / Banking-as-a-Service Comprehensive banking infrastructure offering accounts, card issuing, and payment functionalities for platforms and marketplaces seeking to embed financial services through APIs.
• UAE Company Setup Business incorporation and setup services in the United Arab Emirates, empowering entrepreneurs and multinationals to launch in one of the world's most dynamic business hubs.
• Aleta Adventure - Sanrio Limited Edition Visa Debit Cards Limited-edition collectible Visa debit cards featuring Sanrio characters (Cinnamoroll, Hello Kitty, Kuromi) with travel perks, eSIM connectivity, rewards, and remittance features.

Quantifiable outcome

• $2 billion in annual cross-border payment volume
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature6 records

Partnerships

18 partnerships are on record, tiered core, flagship, support, key and strategic.

• VisacoreTechnology or Integration · 19 June 2026Partnership enabling Aleta as Visa Principal Member and BIN Sponsor. Businesses can launch custom Visa debit cards in 2 weeks through Aleta's BIN sponsorship program with compliance, technology, and legal backend support.
• SanrioflagshipGTM or Marketing Partner · 19 June 2026Limited-edition collectible Visa debit cards featuring Hello Kitty, Cinnamoroll, and Kuromi characters. Three-part collectibles series with travel perks, rewards, and exclusive fan experiences. Cards include mobile payment support and eSIM connectivity.
• Know Your CustomersupportTechnology or Integration · 17 October 2024Strategic partnership with regulatory SaaS company to streamline compliance and onboarding processes for global business partners using Aleta's payment infrastructure.
• AXSkeyChannel Partner/ Reseller/ Distributor · 1 February 2024AXS partnered to provide remittance services to China via UnionPay. First major solution following MAS ban on non-bank remittance channels. AXS m-Station integration for UnionPay payments.
• Lakala InternationalkeyStrategic or Co-development Partner · 22 September 2023Partnership to power Visitor to China app digital wallet for Asian Games 2023. Enables foreigners to pay like locals at 23M+ UnionPay merchants in China without Chinese bank accounts.
• AlipaycoreTechnology or Integration · 25 January 2023Alipay remittance feature allowing users to send money securely to China. Makes Aleta the first and only company enabling fund transfers through all three major networks: UnionPay, Weixin, and Alipay.
• HuaweikeyTechnology or Integration · 17 February 2022First Singapore fintech partner supporting digital mobile payments on Huawei phones. AP-1/Huawei Pay UnionPay card with dual NFC and QR payment modes. Supports contactless ATM withdrawals in China.
• Tencent Financial TechnologycoreTechnology or Integration · 8 December 2021First Singapore fintech partnership with Tencent for cross-border fund transfers. Enables remittance from Singapore to Weixin users in China, processing funds to WeChat recipients' authorized bank cards.
• FooyostrategicStrategic or Co-development Partner · 12 May 2021Joint venture AP Studios to offer digital marketing and e-commerce solutions for businesses targeting China consumers. Develops WeChat mini programs, payment checkout pages, chatbots, and engagement tools.
• Discover Global NetworkkeyTechnology or Integration · 19 April 2021Aleta as acquirer for Discover Global Network enables merchants in Singapore to accept Discover and Diners Club International cards for e-commerce. Expansion to Hong Kong, Malaysia, Dubai, Australia planned.
• F J Benjamin (FJB)keyOEM/ Whitelabel/ Licensing Partner · 26 March 2021MOU for co-branded UnionPay virtual debit card. Cardholders can pay at FJB stores, e-commerce, remit to China within 60 seconds, and enjoy cash rebates. Transforms FJB from brick-and-mortar to digital.
• NestiakeyOEM/ Whitelabel/ Licensing Partner · 17 September 2020Co-branded virtual debit card for 600,000+ Nestia members. Powered by Aleta Planet's proprietary technology with UnionPay network. Enables QR code payments at 30M+ merchants in 41 markets.
• Zhongguo RemittancekeyChannel Partner/ Reseller/ Distributor · 4 June 2020Launched Aleta China Express (ACE) online service for faster, safer digital money transfers to China. ACE powered by Aleta's proprietary technology on UnionPay platform.
• UnionPay InternationalcoreTechnology or IntegrationCertified Principal Member of UnionPay International since 2017. Enables merchant acquisition for 8+ billion UnionPay cards globally and card issuance capabilities. UnionPay QR code and contactless payments accepted at 52M+ merchants worldwide.
• AZORTE (Reliance Retail)flagshipStrategic or Co-development PartnerPartnership to launch India's first Hello Kitty store in Mumbai with 40 stores planned across India. Aleta provides Visa debit card issuance infrastructure; AZORTE provides retail presence.
• Maybank SingaporesupportTechnology or IntegrationMaybank supports PayNow function for AP-1 account top-ups. Solution enabler for seamless fund transfers from Singapore bank accounts to AP-1 digital wallet.
• DBS BanksupportOthersCustomer funds in Aleta's digital wallet are safeguarded by DBS Bank, Singapore's largest bank by assets, ensuring secure storage separate from company funds.
• NuveisupportTechnology or IntegrationPayment processor facilitating card top-up feature in digital wallet for Visitor to China app. Headquartered in Montreal, Canada.

Scale indicators9 records

Recent moves10 records

Expansion highlights8 records

Direct peers

• Nium: Singapore-based cross-border payments and BaaS platform offering real-time payouts, card issuance, and remittance infrastructure across 190+ countries. Comparable on BaaS positioning, Visa principal membership, and Asia corridor focus; Nium's licensed entity footprint overlaps with Aleta's expansion markets.
• Airwallex: Singapore-headquartered cross-border payment platform offering multi-currency business accounts, card issuing, and global payouts. Most directly comparable on multi-currency accounts, card issuance, and Asia cross-border rails; Airwallex is at a much larger scale with broader geographic coverage.
• Remitly: US-headquartered digital remittance platform serving immigrant corridors including China, India, and the Philippines. Aleta's MoneyExpress and three-network remittance are direct competitors in the Singapore-to-China segment; Remitly is a much larger, publicly listed consumer remittance brand.
• Thunes: Singapore-headquartered cross-border payments network enabling real-time payouts to 130+ countries, with deep emerging market and Asia corridors. Comparable on cross-border remittance infrastructure and emerging market acceptance; Thunes competes head-to-head on the global payout product.
• LianLian Global: China-focused cross-border payment platform serving Chinese exporters and global sellers with collection, payout, and FX services. Directly comparable to Aleta's China cross-border B2B payments and remittance offering, and Aleta's three-network rail advantage is the relevant differentiation versus this peer.

Broad incumbents

• dLocal: Uruguay-headquartered payment processor enabling global merchants to accept and pay out in emerging markets including Asia. Comparable on emerging market payment processing and cross-border B2B/B2C flows; broader geographic footprint and different vertical focus.
• Marqeta: US-based modern card issuing platform powering branded debit and credit card programs for fintechs and brands. Aleta's BIN sponsorship offering is a regionally-focused version of Marqeta's card-issuance-as-a-service model; Marqeta operates at materially larger scale with different geographic mix.
• Wise: UK-headquartered cross-border money movement platform offering multi-currency accounts and international transfers. Comparable on multi-currency business accounts and low-cost cross-border FX; Wise is a public, much larger competitor with different geographic core and lacks Aleta's China rail depth.

Regional players

• 2C2P: Thailand-based payment services provider offering card acceptance, alternative payments, and remittance across Southeast Asia. Comparable on regional payment acceptance and APAC merchant acquiring; smaller-scale peer overlapping with Aleta's SEA expansion.
• Pine Labs: Singapore and India-headquartered merchant commerce and payment platform offering card acceptance, POS, and stored-value products across Asia. Comparable on India retail payment infrastructure and APAC card acquiring; different mix of merchant services and gift card business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aleta Planet