Shipping Companies
As a shipping company, managing international payments can be a complex and time-consuming process. Traditional payment methods often involve high transaction fees, lengthy processing times, and unfavorable exchange rates, which can add up to significant costs over time. A cheaper and more efficient international payment platform like SingX can offer many benefits to shipping companies.
Shipping Companies
Shipping companies often need to make payments to suppliers, vendors, and agents in different countries and deal with multiple currencies. This can lead to higher costs if you have to convert currency through traditional banks. SingX offers competitive rates for currency exchange, which can help companies to save money on foreign exchange transactions.
Collect
Provide your SingX Account Number to your Buyers. They can easily send funds to you in the invoicing currency
Hold
Hold funds in your Multi currency virtual account as long as you like
Convert
Convert from one currency to another at preferential rates
Pay
Make salary/supplier payments OR simply bring the collected funds back home.
*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.