Overview
Wallex is a B2B payment service from M-DAQ Global for cross-border transfers, local collection and FX in Asia. The contracting entity is M-DAQ Payment Solutions Pte. Ltd., which holds a Monetary Authority of Singapore Major Payment Institution licence, number PS20200433.
Services - a multi-currency wallet holding 13 currencies; - international collection in 36 currencies; - FX, with the website quoting 47 to 48 currencies in different places; - international payments and batch payouts to up to 200 recipients; - local account details for businesses; - an API for embedding payment capabilities into your own system.
Markets Wallex operates in Singapore, Indonesia, Hong Kong and Malaysia. Companies trading across these markets often need regular payments between them, such as supplier payments or receiving revenue from foreign clients. The parent group is M-DAQ Global, based in Singapore.
Licensing note A separate entity, M-DAQ Market Solutions Pte Ltd, handles capital-markets services, and regional permissions in other countries are not the same as the Singapore licence.
What to clarify Rates, fees, delivery times and onboarding steps are not published. In your application, list the payment corridors you need and your monthly volume.
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