Wallex Blog

Discover how local currency accounts can streamline international transactions for Hong Kong businesses, reducing costs and enhancing payment efficiency. Learn to navigate global markets with ease and maximize your financial potential.

Discover how Hong Kong businesses can leverage key Free Trade Agreements to access global markets, reduce tariffs, and streamline cross-border trade. Explore the benefits of FTAs with China, EFTA, ASEAN, Australia, and New Zealand.

Learn how to efficiently make HKD to RMB payments from Hong Kong. This guide offers practical advice for CFOs and business leaders on managing currency conversion and navigating the complexities of cross-border transactions between Hong Kong dollars and Chinese yuan.

Experience the Wallex difference with our product enhancements this 23 March 2024. Wallex HK users will benefit from a simplified log-in experience and a seamless user interface. Read the article to explore the key changes and find out how these enhancements ensure a secure and efficient transaction experience.

Recessions can have a significant impact on foreign exchange (FX) rates, which can result in losses for businesses and individuals who have exposure to multiple currencies. In this article, we will explore the relationship between FX rates and a recession and how to protect your business from the risks.

Take a look at the payment options available to businesses, which include SWIFT network payments.

Historically, international payments were always time-consuming and arduous. Only about two decades ago, making a cross-border payment would require you to go to your local bank and fill up a transfer form manually. In addition, these global payments always came with a hefty fee, be it .

ACH, which stands for Automated Clearing House, is a network used to send and receive money between bank accounts. This payment system, which uses the ACH Network, was established in the 1960s to

Since integrating Wallex into its operations, La Cosecha has saved over 40% of its international payment transaction costs. Here’s how Wallex has improved the company’s internal processes and opened the doors to the potential for international expansion.

Remittance is the cross-border transfer of funds from one entity to another. The term remittance is derived from its root word of remit, which means to “send back”.

Experience swift cross-border transactions with Kapital Boost using Wallex's seamless international payment solutions. Discover more now!

To work with suppliers internationally, Omnidesk uses Wallex to send USD and CNY to China as well as MYR to Malaysia. They also use Wallex to convert SGD to USD, CNY and MYR before doing so - holding these currencies in their multi-currency wallet for easy accessibility.