Money Service Operators and Money Exchanges

A unique opportunity to open new revenue streams with SingX

With stiff competition in C2C payments, Money Service Operators (MSOs) and Money Exchanges (MEs) are experiencing lower margins. In fact, many are faced with an existential crisis saddled with a high-cost branch network whilst competing with digital payment companies.

A partnership with SingX can open a number of new revenue streams, allowing you to continue with your branch network and rapidly enhance your earnings:

  1. Shift focus to business customers and to B2B payments
  2. Make banking simple for your business customers
  3. Multi-currency settlement accounts for MSOs/MEs
  4. White labelled solutions
  5. Expanded country coverage with local payouts in over 60 countries and SWIFT payouts to 180 countries

Common Challenges

Earn through new revenue streams.

SingX supports:

  • B2B payments in US Dollars, Pound Sterling and Euro to all countries with no transaction limits
  • Large ticket B2B payments in local currencies – IDR, MYR, PHP, VND, THB, HKD, SGD, AUD, AED and many more exotic currencies
  • INR B2B payments above the INR 1.5 Million threshold, with complete solution for FIRCs/FIRAs
  • CNY business payments to China and Hong Kong

What are the advantages of using SingX for B2B payments

  • SingX B2B payments can be made in a variety of currencies across 180 countries
  • There are no minimum or maximum limits
  • SingX offers named SWIFT transfers, in your customer’s name
  • Instantly get a copy of the MT103
  • Live GPI tracker which enables both you and your business customer to track the payment in real time
  • Instantly download a payment confirmation. In fact, we can automate payment confirmations. These confirmations can go directly to either you or your business customer and/or the receiver of funds

SingX offers:

  • “Named” bank accounts, for businesses, based anywhere in the world. These accounts are assigned a unique account number and are equipped with multi-currency wallets in as many as 15+ currencies
  • Learn more about these accounts by clicking here
  • You keep full control of your business customers through the unique SingX master-child account structure
  • The Money Exchange Operator (MSO) is given a master account. Your business customer is assigned a child account. As the master you get to control the pricing offered to this business customer. In addition, you have full view access to all their transactions
  • The MSO gets a share of the revenue. This opens up a new revenue stream enabling you to support your branch infrastructure and to compete effectively

SingX offers:

  • Virtual bank accounts, to MSOs. These accounts are equipped with multi-currency wallets
  • These accounts can be used for settlements with your bank partners and other payout partners
  • For MSOs who have multi-country operations SingX provides
    • Ability to host all MSO entities on one common platform. This makes money movement across entities a breeze, by offering centralised funding solutions
    • Benefit from our unique master-child arrangement whereby one main entity can become the master and fund all other entities. This unique set up allows you to get ONE centralised view of transactions across all entities and the ability to perform decentralised transactions in each entity

  • You have the vision, yet lack the licensing, digital front end, or collection infrastructure to go live. The SingX white-label solutions are tailored to meet your unique requirements
  • We offer a fully customizable international remittance platform. This solution includes full compliance and regulatory support, a user-friendly digital front end, collection accounts for client funding, and treasury and payout management across multiple countries
  • The SingX platform supports C2C, B2B, C2B and B2C payments to over 180+ countries
  • We invite you to book an appointment to learn how we can help accelerate your market entry

Make local currency payments to over 60 countries and Swift payments to over 180 countries

  1. SingX supports all forms of payments including C2C, B2B, B2C, C2B. The link below gives you a full idea about our country coverage, to over 180+ countries: The link gives you a comprehensive overview of our country coverage
  2. Lock rates with our currency conversion feature. Let’s assume you want to make a USD-PHP payout tomorrow. With SingX you have two options:
    1. You can lock the USD-PHP rate today and do a PHP-PHP transfer tomorrow, or
    2. You can book a USD-PHP transaction at lives rates tomorrow
  3. Guaranteed savings with attractive fees and FX rates

Why Choose SingX?

Global Payment Coverage
Local and Swift C2C, B2B, B2C, C2B payments
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Customized Pricing Module
For Enterprise and FIs
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Dedicated Support
Experience our service
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Improved User Control
Flexible User Access with Built - In Security and Oversight
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About SingX

SingX is a neobank headquartered in Singapore. Established in 2014, we are licensed as a Major Payment Institution by the Monetary Authority of Singapore-enabling us to hold funds, facilitate currency conversions and process global receipts and payments with speed and efficiency. We are also licensed in Hong Kong and Australia.

Safe, Secure and Fully Regulated

Operating under stringent regulatory oversight, in three of Asia's leading financial hubs, SingX partners with top-tier banks to ensure a secure and reliable financial infrastructure. Our advanced technology platform is built for both security and ease of use-delivering a seamless user experience.

Led by Industry Experts

SingX was founded by seasoned professionals with deep expertise in international finance. Together, our leadership brings over 100 years of experience in banking, payments and governance — upholding the highest standards of trust, compliance and integrity.

Built on Integrity, Proven by Results — Discover Why We're Trusted by So Many

MAS Fintech Award
ISO Certificate
SME 100 Award
SFA Top 5 Fintech
Hottest Startups
Google Reviews 4.5

SingX Pte Ltd (UEN: 201433979Z), a company registered in Singapore, works with licensed group entities in each operating market to provide neo-banking services.

In Singapore, SingX partners with its group company, SingX Singapore Pte Ltd (UEN: 201533243W), a wholly owned subsidiary of SingX Pte Ltd. SingX Singapore Pte Ltd is licensed and regulated as a Major Payments Institution (License No. PS20200369) by the Monetary Authority of Singapore (MAS).

In Hong Kong, SingX operates through its group company, SingX Hong Kong Co. Ltd (License No. 16‑09‑01908), a wholly owned subsidiary of SingX Pte Ltd. SingX Hong Kong Co. Ltd is licensed and regulated as a remittance service provider by the Customs and Excise Department.

In Australia, SingX operates through its group company SingX Australia Pty Ltd (ACN: 624 277 201), a wholly owned subsidiary of SingX Pte Ltd. SingX Australia Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL No. 508309). SingX Austraila Pty Ltd is also registered with Austrac.