General Information
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      1. Wallex FAQs
      2. Getting Started
      3. General Information

      Does Wallex hold any financial licenses?

      Wallex works closely with financial regulators and maintains the highest security standards to protect your data – and your organisation.

       

      Singapore
      M-DAQ Payment Solutions Pte. Ltd. is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the license number PS20200433.

       



      Indonesia
      PT Wallex Teknologi Berkat is licensed by Bank Indonesia as a Fund Transfer Operator under licence number 20/235/DKSP/83.

       



      Hong Kong
      M-DAQ Trading (HK) Limited is regulated by the Customs and Excise Department (CCE) of Hong Kong and is licensed as a Money Service Operator (MSO) with licence number HKCE19-12-02935.

       

      This means all customer funds are safeguarded and kept in a customer segregated account which is separate from all other Wallex operations accounts. We operate within a very strict framework both for compliance and for the safety of funds in our custody.