Singapore · Payments & e-money
Monfx Pte. Ltd.
MonFX Pte. Ltd. is a private limited company based in Singapore. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019 and as a Capital Markets Services licence holder under the Securities and Futures Act 2001. The firm says it is an independent subsidiary of Monex International Markets plc, part of the Mexican Monex S.A.P.I. de C.V. group. It provides spot FX, forwards, other FX hedging products and cross-border payments to corporate and institutional clients, and offers OTC derivatives only to accredited and institutional investors.
Licences and registrations
Held by Monfx Pte. Ltd. (LEI 254900B0ESW03G1Z6Z95). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- MNPTSGSGXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under MNPTSGSG directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2018-07-07
- Last updated
- 2026-01-26
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Monex International Markets plc
Firm type
FX and business payments
Trades as MonFX
- Ownership
- The firm describes itself as an independent subsidiary of Monex International Markets plc (Companies House 08091400), which belongs to the Monex S.A.P.I. de C.V. group of Mexico.
- Direct parent
- Monex International Markets plc, United Kingdom
- Ultimate owner
- Monex S.A.P.I. de C.V., Mexico
- Head office
- One George Street, #20-06A, 049145 Singapore, Singapore (registered office: 8 Cross Street, #20-01, Manulife Tower, Singapore 048424)
- Company register
- ACRA UEN 201611101E
- Incorporated
- 2016
Online
- Websites & references
- monexglobal.com ↗
monfx.com ↗ former domain, now redirects to monexglobal.com/singapore
monfxpay.com ↗ MonFX Pay client platform login
monexglobal.com ↗ Monex group website - Official social accounts
- None found
Sources · 10 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/218709-MONFX-PTE-LTD
- monexglobal.com/singapore
- monexglobal.com/singapore/security-and-regulation
- monexglobal.com/singapore/legal/client-terms-conditions
- monfx.com/en/wp-content/uploads/sites/2/2025/01/MonFX-Terms-Conditions-Corporate-Clients-v.01.2025.
- monexglobal.com/about/regulation
- monexglobal.com/legacy/office-grand-opening
- find-and-update.company-information.service.gov.uk/company/08091400
- theasianbanker.com/press-releases/monfx-relocates-for-asia-pacific-growth-plans
- financemagnates.com/fintech/monfx-expands-operations-with-new-singapore-office-hires-head-of-sales/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution for cross-border money transfer, domestic money transfer, account issuance and e-money issuance. MAS also licenses it as a Capital Markets Services licensee for dealing in OTC derivatives contracts, and it is an exempt financial adviser.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution licence (Payment Services Act 2019) | PS20200259 | In its own name | Active | eservices.mas.gov.sg ↗ |
| Monetary Authority of Singapore Singapore | Capital Markets Services Licence – dealing in capital markets products (OTC derivatives contracts) | CMS101125 | In its own name | Active | eservices.mas.gov.sg ↗ |
| Monetary Authority of Singapore Singapore | Exempt Financial Adviser – advising on OTC derivatives and spot FX contracts | — | Exemption | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds client moneys in MAS-compliant trust accounts at DBS Bank Ltd in Singapore, kept separate for payment services and dealing activities and ring-fenced from any debt the firm owes DBS.
- Safeguarding bank · Settlement bank
- DBS Bank Ltd Singapore
- Settlement bank
- Oversea-Chinese Banking Corporation Limited Singapore
- Payment schemes and card networks
- Swift Direct monexglobal.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm offers spot FX, forwards, NDFs and market orders, plus cross-border payments in over 60 currencies through its MonFX Pay platform. It lists its clients as multinationals, funds, family offices, financial institutions, SMEs and high-net-worth individuals.
The firm serves clients from Singapore under its MAS licences and says it serves clients across Asia.
- Payment volume
- USD 198bngroup FX turnover (all Monex S.A.P.I. de C.V. entities)
- Sells to
- Enterprises · Financial institutions · Small businesses · Other
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Lai Guanda (Alvin Lai) Chief Executive Officer
Recent events
Researched 29 Sep 2026 · Sources
-
Other
MonFX opened a new Singapore office at One George Street, with MAS board member Alvin Tan listed among the guest speakers.
monexglobal.com ↗ -
Leadership
MonFX moved to the UIC Building and appointed David Venn, previously of Monex Europe Limited, as head of sales.
theasianbanker.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- MNPTSGSGXXX
- How the BIC breaks down
- MNPTBank
- SGCountry · Singapore
- SGLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900B0ESW03G1Z6Z95
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 2d8147ea1183
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore
- Website (register)
- www.monfx.com ↗
- Country · region
- Singapore · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 20-01, 8 CROSS STREET, MANULIFE TWR SINGAPORE 048424 SINGAPORE
- Operational address
- MANULIFE TOWER 20-01 8 CROSS STREET SINGAPORE SINGAPORE 048424 SINGAPORE
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>MNPTSGSGXXX</BICFI>
<LEI>254900B0ESW03G1Z6Z95</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>MNPTSGSGXXX</BICFI>
<LEI>254900B0ESW03G1Z6Z95</LEI>
<Nm>MONFX PTE. LTD.</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>20-01, 8 CROSS STREET, MANULIFE TWR SINGAPORE 048424</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: monexglobal.com (official website) · original.
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