![]() ![]() ![]() Setting up overseas bank accounts and dealing with distinct regulatory regimes takes up time, money, and resources. The integration is complete and Wallex customers can take advantage of this new service today. We’re looking forward to growing our partnership with Wallex.” Mike Laven, Chief Executive Officer at Currencycloud, commented: “What we are doing with Wallex is a perfect example of the benefits that Currencycloud Spark brings to our clients and their customers – convenience, control and cost-savings. The ability to receive these new currencies and hold them in our multi-currency account will provide significant cost-savings and convenience to our customers and we look forward to supporting them as they grow.” As a result, Wallex’s customers will save both time and money, while adding a level of convenience that will make cross-border payments so much easier.Īnthony Man, Chief Commercial Officer & Country Head of Singapore for Wallex, commented: “Being able to add USD, GBP and Euro collections for our customers will bring a fundamental change for their businesses. Customers receive the funds within minutes and can choose to hold, convert, withdraw or make international payments when the time and rates suits them. Previously customers would need to use regional banks for these collections, or require international payments to be made, incurring as much as 1.5% foreign exchange charges, as well as conversion and payment fees for every transaction, making the process laborious and expensive.īy integrating Currencycloud Spark, Wallex customers will be able to hold these three currencies, and 11 others, simultaneously in a single account. The partnership will provide the ability for Wallex’s Singapore and Hong Kong customers to collect funds in USD, GBP and Euro via local payment channels, enabling them to expand and be more competitive in overseas markets. Wallex, a growing B2B FX and payments solutions provider in Asia, has expanded its partnership with Currencycloud, the leader in providing B2B embedded cross-border solutions, to deliver a new range of collections services, using Currencycloud Spark, for their Asian customers in Singapore. ![]()
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