May I know which bank is Xfers working with for XSGD?

Hello,

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Thank you for your question. As stated in the StraitsX terms of services:

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2.3.1
The XFERS e-money issued by XFERS is regarded as "e-money" under the PSA. XFERS PTE. LTD., as the holder of a major payment institution licence, is required to ensure that the Relevant Money received by XFERS is safeguarded in a manner prescribed by MAS. In this regard, CIMB Bank Berhad Singapore Branch ("CIMB"), as a Safeguarding Institution, has undertaken to be fully liable to Users and Non-XFERS Account Token Holders for the Relevant Money in accordance with the Payment Services Banking Service Agreement entered into between XFERS and CIMB, as may be amended, supplemented or replaced from time to time.