Singapore · Payments & e-money
Ofx Singapore PTE. Limited
OFX Singapore Pte. Limited trades as OFX and is a Singapore private company. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act 2019 (licence PS20200277). Its direct parent is OzForex Limited, part of the Australian OFX Group headed by OFX Group Limited. It offers international and domestic payments, multi-currency business accounts and Visa business cards to businesses and individuals in Singapore. In July 2026 OFX Group Limited agreed non-binding terms for its acquisition by Alakazam Holdings Bidco Limited, the owner of Equals Group.
Licences and registrations
Held by Ofx Singapore PTE. Limited (LEI 984500E77A4C9D686291). 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) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- 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.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
OzForex Limited
Firm type
FX and business payments
Trades as OFX
- Standing
- On 23 July 2026 OFX Group Limited, the firm's ultimate parent, agreed non-binding terms for an all-cash acquisition by Alakazam Holdings Bidco Limited, the owner of Equals Group Limited. In September 2026 the exclusivity period was extended to 30 October 2026, and the transaction was not yet binding at that date.
- Ownership
- OzForex Limited is the direct parent of the firm, and OFX Group Limited, listed on the Australian Securities Exchange, is the ultimate parent.
- Direct parent
- OzForex Limited, Australia
- Ultimate owner
- OFX Group Limited, Australia
- Head office
- Asia Square Tower 2, 12 Marina View, Level 11, 018961 Singapore, Singapore
- Company register
- ACRA UEN 201317103N
- Incorporated
- 2013
- Former name
- OZFOREX (SNG) PTE. LTD.
Online
- Websites & references
- ofx.com ↗
ofx.com ↗ OFX Group global site
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · WeChat ↗
- Apps
- App Store ↗ · Google Play ↗ · App Store ↗ · Google Play ↗
Sources · 12 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/218545-OFX-SINGAPORE-PTE-LIMITED
- ofx.com/en-sg/legal/regulation/
- ofx.com/en-sg/legal/
- ofx.com/en-sg/legal/general-terms-and-conditions/
- ofx.com/en-sg/legal/card-agreement/
- ofx.com/en-sg/contact-us/
- ofx.com/en-sg/about-us/global-executive-team/
- listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading
- finextra.com/pressarticle/110537/equals-to-acquire-ofx
- listcorp.com/asx/ofx/ofx-group-limited/news/response-to-asx-price-query-3410975.html
- kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf
- en.wikipedia.org/wiki/OFX_(company)
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, e-money issuance and account issuance services. Its business card agreement names the firm itself as the issuer of its OFX cards.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution licence (Cross-border Money Transfer Service; Domestic Money Transfer Service; E-money Issuance Service; Account Issuance Service) | PS20200277 | In its own name | 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
- Not disclosedThe firm's business terms say it holds client balances in pooled accounts and safeguards relevant funds in accordance with the Payment Services Act 2019. They also state that balances are not covered by Singapore's Deposit Insurance Scheme.
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
It offers currency conversion, domestic and cross-border payments, multi-currency Global Business Accounts and Visa business cards linked to account balances. According to its website, forward contracts are not available to clients in Singapore.
It serves business and personal clients in Singapore under its MAS licence. It sends payments in more than 30 currencies to more than 180 countries, according to its website.
- Sells to
- Small businesses · Consumers · Enterprises
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- John ('Skander') Malcolm Chief Executive Officer and Managing Director (OFX Group)
- Chief financial officer
- James Georgeson Chief Financial Officer (OFX Group)
- Executive
- Kate Malone Chief Risk Officer (OFX Group)
- Executive
- Adrian Wong Chief Legal Officer and Company Secretary (OFX Group)
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
OFX Group extended the exclusivity period for Equals to 30 October 2026 so that Equals could finalise debt financing for the proposed acquisition.
kalkinemedia.com ↗ -
Merger / acquisition
OFX Group Limited agreed non-binding terms for its all-cash acquisition by Alakazam Holdings Bidco Limited at AUD 1.00 per share.
listcorp.com ↗ -
Other
The firm moved business clients to its upgraded OFX Business platform, with new business terms and card agreement effective 14 July 2026.
ofx.com ↗ -
Leadership
OFX Group appointed James Georgeson as Chief Financial Officer with effect from April 2026.
ofx.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
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- fa67403e171f
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.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
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
- Direct parent
- Ozforex Limited · Australia549300VKP0NBT4LWRR84 ↗
- Ultimate parent
- Ofx Group Limited · Australia984500745OB5K1ZB6008 ↗
The Ofx Group Limited group has 6 institutions in the directory, in 6 countries: 4 hold a BIC and 2 do not.
Including Ofx Payments Ireland Limited, Canadianforex Limited, Ozforex (Hk) Limited, Ozforex Limited, Usforex Inc.
See the Ofx Group Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- ASIA SQUARE TOWER 2 12 MARINA VIEW, LEVEL 11 018961, Singapore, 018961
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<LEI>984500E77A4C9D686291</LEI>
<Nm>OFX SINGAPORE PTE. LIMITED</Nm>
<PstlAdr>
<PstCd>018961</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>ASIA SQUARE TOWER 2 12 MARINA VIEW</AdrLine>
<AdrLine>LEVEL 11 018961</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
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 →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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