SingX utilises Peer-to-Peer (P2P) Foreign Exchange, which brings consumers together on a shared platform. For example, the platform will match a Singaporean consumer wanting to convert SGD to MYR and a Malaysian consumer wanting to convert MYR to SGD. This process eliminates the need to convert one currency to another.
How SingX Works
- The consumer will make a local transfer to SingX’s bank account
- SingX will then make a local transfer to the receiver's account
- The recipient will receive the money at no costs
- The consumer enjoys the best rates
For more info, you can visit SingX’s FAQ here.
Good To Know
- As SingX is an online platform, there will be no overhead fees.
- Low cost transfers to over 30 countries
- Same-day transfers
- Business Accounts are available on SingX
- Phone: +65 6221 7356
- Email: [email protected]
- Address: 138 Cecil Street
- #04-01 Cecil Court
- Singapore 069538
You can check out SingX’s website here.