TranSwap
Cross-border payment platform
What is TranSwap?
TranSwap is a cross-border payment platform for businesses and everyday people who seek to make payments overseas while reducing FX costs and complexity. We empower global business growth by simplifying global payments and collections. Through our proprietary online transaction portal and a wide network of FX Partners, our users can expect to fulfil global transactions easily and at the lowest cost possible.
TranSwap is fully regulated and licensed in Singapore, Hong Kong and Indonesia. We facilitate FX payments in more than 180 countries.
Problems that businesses face with global finance
Frustrated with high forex costs with their current banking partners
Upset with difficulty of use and not feeling prioritised with their relationship managers
Concerned with the safety & security of the providers handling their funds
TranSwap Solutions
Payments
Make payments to more than 180 countries worldwide quickly and effortlessly.
Collections
Get your suppliers and staff abroad to join TranSwap for easier and quicker payment collection.
Conversions
Convert to any currencies you want anytime and save more with our highly competitive exchange rates.
Global account
Hold and manage up to 34 currencies in one global virtual account.
Benefits of using TranSwap
Peace of Mind
Our team of experts will ensure your funds and data are safe and secure. We prescribe to the highest international standards.
Business Ready
Automate your international payments with our proprietary API and easily review your account whenever, wherever. Just connect us with your developer or talk to us!
International Network
Get a global network of banks and partners across 180+ countries in one platform. You can pay or collect from anyone, anywhere.
100% Transparent
No more worrying about surprise charges or hidden fees. Have full access to transaction data and track every step.
What can TranSwap offer?
Low-cost transfers
Full support with a dedicated sales team
Fast transfers with end-to-end tracking
Transparent breakdown of rates & fees
Seamless onboarding
Segregated client account for your funds
TranSwap: Frequently Asked Questions (FAQ)
Our fees are transparently displayed during the booking process and include the cost of payments and wire transfers. You will be able to view the total cost charged by TranSwap before confirming the booking.
However, in certain cases, your bank or your recipient’s bank may charge an additional fee to send and/or receive money. These charges will be borne by you or your recipient. You may also need to bear additional charges if the beneficiary needs to receive a NETT amount.
TranSwap is regulated and licensed as a:
- Major Payment Institution (License Number PS20200415) by the Monetary Authority of Singapore (MAS);
- Money Service Operator (License Number 16-07-01882) with the Hong Kong Customs and Excise Department (HKCED); and
- Fund Transfer Operator (License Number 21/248/Sr/3) by Bank Indonesia (BI).
Our clients’ funds are permanently held within our segregated accounts in leading global banks. This means our client funds do not form any part of TranSwap’s assets.
TranSwap’s wide network of banks and partners allows you to make payments to more than 180 regions. Here are some of the more popular destinations:
- Australia
- China
- Europe
- Hong Kong
- Indonesia
- Japan
- Malaysia
- Philippines
- South Korea
- Singapore
- Thailand
- United Kingdom
- United States
- Vietnam
- Taiwan
- New Zealand
- Switzerland
- Sweden
- Poland
- Canada