Global Receive Accounts for Indian Exporters
Do you export goods or services and do your buyers wire funds to your local bank account in India? If so, chances are you are paying too much on FX costs. With SingX, you can enjoy guaranteed savings and greater efficiency.
Exporters
As an exporter of goods and services, you need an affordable and efficient solution to receive funds from your global buyers. For instance, if you are receiving payments from an overseas buyer, the fees and FX charges are typically very high. What’s more, the process to bring these funds back to you is tedious and time consuming. We provide you with a Multi-currency Account, in your company’s name. Here’s how easy it is!
Overseas Buyer
Provide your SingX Account Number to your Buyers. They can easily send funds to you in the invoicing currency
Multi-currency Account by SingX
Hold funds in your virtual account as long as you like*
Your Local Account
Sends funds to India and convert to INR at preferential rates onshore. Our bank will issue an NOC, so that your bank can easily issue an FIRC, to help close your Export bill.
*Subject to local regulations in your country
Benefits of SingX
Huge Savings
Access to Live and Competitive FX rates without any hidden bank charges or mark ups.
Full Control on FX
Ability to determine time of FX conversion based on prevailing rates and requirements.
Licensed & Regulated
Based in one of the world's most respected financial hubs, we are licensed in every market we operate in.
Tailormade Solutions
We customize our product and platform to address your specific pain points.
Real-time Transfers
We process payments 7 days a week, 365 days a year.
Named Multi-Currency Accounts
Get an account in your name, with a unique account number and a multi-currency wallet feature.
How to Open an Account
Submit your contact details to us
Our sales agent will reach out to assist you
Account Opening within 2 days of document submission
Our Business Platform
Our intuitive and user-friendly dashboard provides a one-stop solution for managing all your international pay-ins and pay outs. Boost your profitability by reducing expenses on fees, FX markups, and manpower.
help.business@singx.co | +65 3163 6148
*SingX Pte Ltd is a company registered in Singapore (UEN: 201433979Z) and works with licensed remittance operators in each country. In Singapore, SingX works with our group company, SingX Singapore Pte Ltd (UEN: 201533243W) which is regulated as a remittance business (License number PS20200369) by The Monetary Authority of Singapore (MAS). For a list of licenses in all countries, please click here.