Review of Statrys: Great Business Account for Singapore Companies?
In-depth review of Statrys business account for Singapore, including features, pricing, and alternatives for SMEs with international transaction needs.
Amazon Web Services (AWS) and Microsoft Azure are leading cloud computing platforms that offer a wide range of on-demand services, including compute, storage, networking, databases, security, AI, IoT, and more. They serve as the backbone infrastructure for many of today’s websites, apps, and enterprise systems.
In Singapore, businesses of all sizes and industries use AWS and Azure to run their operations in the cloud. This article will help you compare both platforms so you can choose the one that suits your business needs—or decide if using both (a multi-cloud strategy) is the better option.
Since Azure and other providers bill in USD, we'll also mention how the Wise Business Card can help you avoid unnecessary foreign transaction fees and hidden exchange rate markups from traditional banks, saving you money on your ongoing cloud costs.
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AWS and Azure are the two titans of cloud computing. Launched in 2006, AWS is the oldest and most mature cloud provider, with the largest global market share at 30%. Azure, launched later in 2010, is the second largest at 21% but is steadily gaining ground.¹
While both offer similar core services, they differ slightly in certain areas. The table below provides a quick overview:
| AWS | Azure | |
|---|---|---|
| Services offered | 200+ services | 200+ services |
| Global infrastructure | 37 regions, 117 availability zones | 70+ regions, 400+ data centres |
| Target audience | Startups, developers, enterprises | Enterprises, Microsoft users, hybrid cloud adopters |
| Pricing model | Pay-as-you-go with volume and long-term discounts | Pay-as-you-go with volume and long-term discounts |
| Free tier | 100+ free-tier products, including short-term trials, 12-month free offers, and always-free services | 12-month trials, 65+ always-free services, $200 credit for 30 days |
| Security & compliance | 300+ security features, 143 certifications | 100+ compliance offerings, 78T threat signals analysed daily |
| Integration | Strong open-source and third-party integration | Deep integration with Microsoft ecosystem |
*Details accurate as of 25th June 2025
📖 We've taken a deeper look at AWS pricing and features in other articles. If you're interested in learning more, be sure to check out these helpful resources:
AWS provides over 200 on-demand cloud computing services, which users can access over the internet, reducing the need for customers to own and manage their own physical servers and data centres.
For example, users can launch virtual servers (Amazon EC2), store data in the cloud (Amazon S3), run databases (Amazon RDS), and much more. Businesses and individuals rent these resources from AWS, paying only for what they use—making it a flexible, scalable, and cost-effective solution.
AWS is the most widely adopted cloud platform globally, trusted by millions of users across nearly every industry. With over 19 years of experience, AWS is known for its unmatched reliability. Leading companies like BMW, Coca-Cola, Netflix, and Epic Games rely on it to power their digital operations.
AWS uses a pay-as-you-go pricing model, meaning you only pay for the services you use. However, with hundreds of services—each priced individually and often with multiple pricing options based on region, usage, duration, and other variables—it's not feasible to list all prices here. We recommend using the AWS Pricing Calculator to help estimate costs.
Here are some sample prices for popular AWS services in the Singapore region:
Discounts are available if you have predictable or long-term workloads through AWS's "Save When You Commit" and "Pay Less by Using More" programs.
Pros:
Cons:
All types and sizes of Singapore businesses use AWS, but it's especially well-suited for organisations that need maximum flexibility, proven global reliability, and access to the broadest range of mature cloud services.
Azure is Microsoft's answer to Amazon's AWS, offering on-demand access to IT resources—like servers, storage, databases, networking, and software—over the internet. Like AWS, it boasts a massive collection of services, a significant market share, and a global network of data centres.
However, Azure differentiates itself in a few key ways. For instance, it integrates natively with Microsoft products like Office 365, Dynamics, Active Directory, and Windows Server—tools many enterprises already use.
Azure also leads in hybrid cloud solutions with services like Azure Arc and Azure Stack, letting businesses run applications not only in the cloud but also on their own servers and in edge environments. Additionally, Azure is leaning into enterprise-ready AI with AI Foundry, a platform for building and deploying intelligent apps and agents at scale.
Azure also uses a pay-as-you-go pricing model, so you only pay for what you use. You can easily scale your services up or down as needed. There are also ways to save money—for example, by prepaying or committing to a 1- or 3-year plan.
Like AWS, Azure offers hundreds of services, each with its own pricing. Because of this, it's not practical to list every price here. To get a more accurate estimate, it's best to use the Azure Pricing Calculator.
Below are sample prices for several popular Azure services, with the Southeast Asia region (Singapore) selected:
Pros:
Cons:
Like AWS, Azure is used by businesses of all sizes and industries, but it’s particularly well-suited for Singapore enterprises already using Microsoft products or those needing hybrid cloud setups.
It's important to check which currency you'll be billed in if you're using cloud services like AWS or Azure. Many providers, including Azure, still charge in USD or other major foreign currencies.
Most businesses in Singapore use their corporate bank card for these payments—often without realising the hidden costs involved. These can include foreign transaction fees and hidden exchange rate markups that quickly add up.
These extra costs can increase your monthly expenses and cut into your profits. With the Wise Business multi-currency card, even if you get billed in a foreign currency, you can pay for the cloud service with low conversion fees, and always get the real, mid-market exchange rate without getting hit with a foreign transaction fee.
➡️Get Wise Business for Smart Savings
Both AWS and Azure offer enterprise-grade security and privacy features, and are trusted by financial institutions, healthcare providers, and government agencies to protect their most sensitive data.
Microsoft Azure, for example, invests over 4 billion USD annually in cybersecurity, employs a global team of more than 10,000 security experts, and processes 78 trillion security signals daily.⁷
AWS, likewise, supports over 143 security and compliance certifications, blocks more than 99% of password-based attacks, and provides encryption across all 117 AWS services that store customer data.⁸
Yes, you absolutely can—and many enterprises already do this to increase resiliency, avoid vendor lock-in, and gain flexibility. AWS and Azure support and actively promote multi-cloud strategies by offering tools and services to simplify cross-cloud management.
From AWS’s side, tools like AWS Systems Manager let you manage resources across other cloud platforms, including Azure. On Azure’s side, Azure Arc serves as the bridge that extends Azure services across other environments, including AWS.
Both providers offer extensive global coverage. AWS spans over 117 Availability Zones across 37 geographic regions,⁹ while Azure operates in more than 70 regions worldwide—more than any other cloud provider—and has over 400 data centres.¹⁰
AWS and Azure are the leading cloud service providers, with considerable overlap in their core services. Choosing the right one for your Singapore-based organisation depends largely on your specific needs, but here are a few key considerations:
For many large enterprises, a multi-cloud strategy could offer the most value—increasing resiliency, avoiding vendor lock-in, and optimising costs.
For Singapore businesses undergoing digital transformation—shifting from legacy, on-premises infrastructure to scalable, cloud-based solutions like AWS or Azure—especially when expanding into new international markets to quickly deploy services closer to overseas customers, it’s worth taking a closer look at your current business account setup.
Is it truly supporting your global ambitions, or simply accumulating unnecessary fees and offering poor exchange rates?


| 💡If you're growing a global business, you'll quickly face a daunting wall of costs, complexity, and hidden fees when receiving international payments. Wise Business helps you bypass this wall, making it easy to receive money from around the world and start getting paid like a local today. |
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➡️Get started with Wise Business today
Sources:
Sources checked on 25th June 2025
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
In-depth review of Statrys business account for Singapore, including features, pricing, and alternatives for SMEs with international transaction needs.
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