What does it mean that the Global Account being powered by Wallex Singapore?

The term "powered by Wallex Singapore" means that the operating platform is managed and operated by M-DAQ Payment Solutions Pte. Ltd. (also known as Wallex Singapore). Upon signing up to the Wallex Global Account, you will simultaneously be onboarded as a customer of both Wallex Hong Kong and Wallex Singapore.

 

M-DAQ Payment Solutions Pte. Ltd. holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing us to offer comprehensive financial services, including payments, collections, FX conversions, and multi-currency holdings in Singapore.

 

This structure enables us to provide you with a robust suite of financial tools while ensuring compliance with the highest regulatory standards.

 

If you have any questions regarding the Global Account, our dedicated support team is here to assist you.