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Get bank details in US, UK, Europe, Singapore or Indonesia – and operate as if you have a local currency bank account.
Licensed and Regulated in Singapore, Indonesia and Hong Kong
Collect funds in multiple currencies like USD, GBP, EUR, IDR instantly. With a global receiving account, you reduce FX loss by avoiding unfavourable rates and fees imposed by Banks and save on multiple conversion fees, thereby increasing your net earnings.
Give your client companies an easier, cheaper and faster way to pay you in their preferred currency and with their local transfer methods.
Get USD, EUR, GBP account details in your company name for free, in seconds. It is a great alternative to opening local bank accounts overseas saving you time, money and effort in the process.
Reduce your business's working capital needs with no minimum balance requirements for the accounts and no bank charges. Centralise all collections into your Wallex wallet and benefit from clear reconciliations and reporting.
Designed to streamline and simplify how you collect funds from international customers, Wallex global collection accounts enable you to accept local currency bank transfers from clients, customers or marketplaces using the local or SWIFT clearing system.
Collecting payments from your corporate clients, international market places is incredibly easy with a Global Collection Account
Set up your Wallex Account and activate your USD, EUR, GBP, IDR accounts.
Share relevant account number with your client company, marketplaces.
Your customer makes a payment via local bank transfers or through SWIFT . Once funds are received, they reflect in your Wallex Wallet.
Hold, convert, withdraw or make FX Payments from your Wallet balance.
Wallex works closely with financial regulators and maintains the highest security standards to protect your data – and your organisation.
Regulated as a Major Payment Institution by the Monetary Authority of Singapore (MAS). License number: PS20200433
Licensed as Funds Transfer Provider under regulation of Bank Indonesia. License number: 20/235/DKSP/83
Regulated as a Money Service Operator by the Customs and Excise Department Hong Kong (MSO). License number: HKCE19-12-02935
Licensed and Compliant
Fully licensed and regulated by the Monetary Authority of Singapore (MAS), Bank Indonesia (BI) and Hong Kong Customs and Excise Department (HKCED)
End-to-end encryption
Communication between Wallex infrastructure and financial institutions are transmitted over encrypted tunnels. This means that all your data, and money, is secure.
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