Aerospace Components — Pay Singaporean Suppliers Faster, Cheaper
Import aircraft parts, aerospace components, and aviation equipment. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for aerospace components businesses. 0.5% spreads. Same-day SGD settlement. Free container tracking.
Get a Quote for Your Next Singaporean PaymentAerospace Components margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,025 per £100k Payment
Typical savings for Aerospace Components paying Singapore suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ PayNow Corporate available
- ✓ 0.14s automated compliance
At £400k-£5M monthly volume, save £24,300/year
What Challenges Do Aerospace Components Businesses Face Paying Singapore?
Industry Pain Points
- Strict certification requirements (EASA/FAA)
- Long lead times for certified parts
- Documentation traceability
- AOG (Aircraft on Ground) urgency
Country-Specific Considerations
- MAS (Monetary Authority of Singapore) oversight
- GST (9%) documentation required
- UEN (Unique Entity Number) mandatory for all businesses
- Strict AML/CTF compliance (FATF Tier 1)
How Do Aerospace Components Businesses Typically Pay Singaporean Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use PayNow Corporate for instant SGD settlement. Instant business payments using company UEN, 24/7
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Singapore regulations. MAS (Monetary Authority of Singapore) oversight handled automatically.
How Aerospace Components Businesses Typically Pay Singaporean Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
AOG: immediate payment, premium pricing. Scheduled MRO: Net 30-45. OEM contracts: milestones.
📄 Invoice Terms
Immediate (AOG), Net 30-45 (scheduled), milestones (OEM). Credit lines for MRO shops.
MRO cycles. Fleet age determines demand. AOG unpredictable urgency. OEM contracts: project-based.
📊 FX Risk Profile
MODERATE: USD (dominant), EUR (Airbus). High margins and contract pricing provide buffer. AOG unpredictable.
Certified supplier networks. AS9100 audited. OEM relationships. Brokers for hard-to-find parts. Trust and certification essential.
Common Documentation for Aerospace Components
- Certificate of Conformity
- EASA Form 1
- FAA 8130-3
- Traceability Documentation
- Test Reports
Popular Singapore Supplier Types for Aerospace Components
Common Singapore Suppliers
- Electronics manufacturers (Jurong, Ang Mo Kio)
- Petrochemical suppliers (Jurong Island)
- Precision engineering (Woodlands, Sembawang)
- Pharmaceutical companies (Tuas, Biopolis)
Payment Tips for Singapore
- Singapore = Asia's financial and tech hub, extremely efficient
- PayNow Corporate enables instant SGD payments without SWIFT fees
- English-speaking, business-friendly environment
- Strategic location for Southeast Asia supply chains
Frequently Asked Questions: Aerospace Components Payments to Singapore
How do Aerospace Components businesses pay suppliers in Singapore?
Aerospace Components businesses can pay Singapore suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like PayNow Corporate. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Singapore Aerospace Components suppliers?
To pay Aerospace Components suppliers in Singapore, you need the recipient's Bank Code + Branch + Account (SWIFT/BIC or local bank and branch code), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Aerospace Components businesses save on Singapore payments?
Aerospace Components businesses typically save 80% compared to traditional banks when paying Singapore suppliers. On a £100k transaction, that's £2,025 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.5% spread + £30 fees.
Is container tracking available for Aerospace Components shipments from Singapore?
Yes, Unicorn Currencies offers FREE container tracking for Aerospace Components shipments from Singapore. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Aerospace Components businesses typically use with Singapore?
Aerospace Components businesses typically convert GBP to SGD when paying Singapore suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Singapore Suppliers 80% Cheaper?
Join Aerospace Components businesses saving £2,025 per £100k payment with t+0 (2.3s avg within unicorn network).
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