--- title: "Ofx Singapore PTE. Limited · Major Payment Institution (MAS) · Singapore | Elucidate" description: "Ofx Singapore PTE. Limited is authorised by Monetary Authority of Singapore (MAS) as a major payment institution in Singapore. LEI 984500E77A4C9D686291. Register status, licences, activities and ownership." url: https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f --- 1. [Directory](https://elucidate.co/directory) 2. [Singapore](https://elucidate.co/directory/country/sg) 3. Ofx Singapore PTE. Limited 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. Register status Licensed in Singapore Major Payment Institution · Monetary Authority of Singapore (MAS) Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#licences) BIC **No BIC** LEI **[984500E77A4C9D686291](https://search.gleif.org/#/record/984500E77A4C9D686291)** [Licence no. **Not published by the register**](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#licences) [Group: Ofx Group Limited](https://elucidate.co/directory/group/984500745OB5K1ZB6008) ## 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 Institution](https://elucidate.co/directory/register/mas-mpi) Monetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | [Singapore](https://elucidate.co/directory/country/sg) | Active | — | — | - Money remittance - Payment services - E-money / stored value | [Search the register ↗](https://eservices.mas.gov.sg/fid) | - 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](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-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](https://elucidate.co/directory/ozforex-limited-ozfxau2s), 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 ↗](https://www.ofx.com/en-sg/) [ofx.com ↗](https://www.ofx.com/) OFX Group global site [Wikipedia ↗](https://en.wikipedia.org/wiki/OFX_\(company\)) group article - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/ofx) · [X ↗](https://twitter.com/OFX) · [Facebook ↗](https://www.facebook.com/ofx) · [Instagram ↗](https://www.instagram.com/ofx) · [YouTube ↗](https://www.youtube.com/user/ozforex/) · [WeChat ↗](https://mp.weixin.qq.com/s/eyTOgywltFyLmgtcESWUnQ) - **Apps:** [App Store ↗](https://apps.apple.com/us/app/ofx-business-au/id1661719411) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.paytron.app&pli=1) · [App Store ↗](https://apps.apple.com/au/app/ofx-money-transfer/id499457234) · [Google Play ↗](https://play.google.com/store/apps/details?id=au.com.ozforex&hl=en_AU&gl=US) Sources · 12 pages consulted 1. [eservices.mas.gov.sg/fid/institution/detail/218545-OFX-SINGAPORE-PTE-LIMITED](https://eservices.mas.gov.sg/fid/institution/detail/218545-OFX-SINGAPORE-PTE-LIMITED) 2. [ofx.com/en-sg/legal/regulation/](https://www.ofx.com/en-sg/legal/regulation/) 3. [ofx.com/en-sg/legal/](https://www.ofx.com/en-sg/legal/) 4. [ofx.com/en-sg/legal/general-terms-and-conditions/](https://www.ofx.com/en-sg/legal/general-terms-and-conditions/) 5. [ofx.com/en-sg/legal/card-agreement/](https://www.ofx.com/en-sg/legal/card-agreement/) 6. [ofx.com/en-sg/contact-us/](https://www.ofx.com/en-sg/contact-us/) 7. [ofx.com/en-sg/about-us/global-executive-team/](https://www.ofx.com/en-sg/about-us/global-executive-team/) 8. [listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 9. [finextra.com/pressarticle/110537/equals-to-acquire-ofx](https://www.finextra.com/pressarticle/110537/equals-to-acquire-ofx) 10. [listcorp.com/asx/ofx/ofx-group-limited/news/response-to-asx-price-query-3410975.html](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/response-to-asx-price-query-3410975.html) 11. [kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaf](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) 12. [en.wikipedia.org/wiki/OFX\_(company)](https://en.wikipedia.org/wiki/OFX_\(company\)) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-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 ↗](https://eservices.mas.gov.sg/fid/institution/detail/218545-OFX-SINGAPORE-PTE-LIMITED) | 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](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-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. [ofx.com ↗](https://www.ofx.com/en-sg/legal/general-terms-and-conditions/) - **Payment schemes and card networks:** Visa Access not stated [ofx.com ↗](https://www.ofx.com/en-sg/legal/card-agreement/) Swift Access not stated [ofx.com ↗](https://www.ofx.com/en-sg/legal/general-terms-and-conditions/) 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](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-sources) - International money transfer - Multi currency accounts - Domestic payments - FX conversion - Debit cards - Payouts and mass payments - E-money wallet 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](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-sources) - **Chief executive:** John ('Skander') Malcolm Chief Executive Officer and Managing Director (OFX Group) Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) - **Chief financial officer:** James Georgeson Chief Financial Officer (OFX Group) Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) - **Executive:** Kate Malone Chief Risk Officer (OFX Group) Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) - **Executive:** Adrian Wong Chief Legal Officer and Company Secretary (OFX Group) Confirmed 29 Sep 2026 · [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ofx-singapore-pte-limited-fa67403e171f#overview-sources) 1. Sep 2026 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 ↗](https://kalkinemedia.com/au/news/announcements/ofx-group-extends-equals-exclusivity-period-to-30-october-2026-reaffirms-100-per-share-scheme-consideration) 2. Jul 2026 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 ↗](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 3. Jul 2026 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 ↗](https://www.ofx.com/en-sg/legal/) 4. Apr 2026 Leadership OFX Group appointed James Georgeson as Chief Financial Officer with effect from April 2026. [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) 5. Feb 2026 Other OFX Group Limited announced a strategic review on 5 February 2026. [listcorp.com ↗](https://www.listcorp.com/asx/ofx/ofx-group-limited/news/ofx-and-equals-agree-cash-offer-terms-and-amp-1q27-trading-update-3380389.html) 6. May 2025 Leadership OFX Group appointed Kate Malone as Chief Risk Officer. [ofx.com ↗](https://www.ofx.com/en-sg/about-us/global-executive-team/) 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 - **LEI:** [984500E77A4C9D686291 ↗](https://search.gleif.org/#/record/984500E77A4C9D686291) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** fa67403e171f ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Money remittance - Payment services - E-money / stored value - **Licensed in:** [Singapore](https://elucidate.co/directory/country/sg) · 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](https://elucidate.co/directory/ozforex-limited-ozfxau2s) · Australia[549300VKP0NBT4LWRR84 ↗](https://search.gleif.org/#/record/549300VKP0NBT4LWRR84) - **Ultimate parent:** Ofx Group Limited · Australia[984500745OB5K1ZB6008 ↗](https://search.gleif.org/#/record/984500745OB5K1ZB6008) 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](https://elucidate.co/directory/ofx-payments-ireland-limited-ofpiie22), [Canadianforex Limited](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793), [Ozforex (Hk) Limited](https://elucidate.co/directory/ozforex-hk-limited-ozfxhkh2), [Ozforex Limited](https://elucidate.co/directory/ozforex-limited-ozfxau2s), [Usforex Inc](https://elucidate.co/directory/usforex-inc-usfous66). [See the Ofx Group Limited group →](https://elucidate.co/directory/group/984500745OB5K1ZB6008) 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 ```xml 984500E77A4C9D686291 OFX SINGAPORE PTE. LIMITED 018961 Singapore SG ASIA SQUARE TOWER 2 12 MARINA VIEW LEVEL 11 018961 ``` - 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. ## Related institutions ### Same group - [Ofx Payments Ireland Limited BIC OFPIIE22 Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C190174 (EBA-PSD2) · LEI 984500C1CBBC88BECF45](https://elucidate.co/directory/ofx-payments-ireland-limited-ofpiie22) - [Canadianforex Limited · trading as OFX No BIC Money service business AML registration only Canada · Registered with FINTRAC · M08560392 (FINTRAC-MSB) · LEI 9845000E939C5DE4J692](https://elucidate.co/directory/canadianforex-limited-fb1f300d4793) - [Ozforex (Hk) Limited BIC OZFXHKH2 Money service business AML registration only Hong Kong SAR China · Registered with Customs and Excise Department (C&ED) · 12-08-00582 (CED-MSO) · LEI 25490070F191CD745X36](https://elucidate.co/directory/ozforex-hk-limited-ozfxhkh2) - [Ozforex Limited BIC OZFXAU2S Money service business AML registration only Australia · Registered with AUSTRAC (AUSTRAC-RSR) · LEI 549300VKP0NBT4LWRR84](https://elucidate.co/directory/ozforex-limited-ozfxau2s) - [Usforex Inc BIC USFOUS66 Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 549300NG4IAYEMQ99364](https://elucidate.co/directory/usforex-inc-usfous66) [All 6 institutions in the Ofx Group Limited group →](https://elucidate.co/directory/group/984500745OB5K1ZB6008) ### Other payments & e-money institutions in Singapore - [Atlas Consolidated PTE. LTD. · trading as Hugo No BIC Payments & e-money Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 9845005BPECFKD4ED973](https://elucidate.co/directory/atlas-consolidated-pte-ltd-dd9bff35ebe7) - [Triple A Technologies PTE. LTD. · trading as TripleA No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 984500DA4B5DE9599547](https://elucidate.co/directory/triple-a-technologies-pte-ltd-35777ab55bbd) - [Jst Digital Trading & Technology PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 254900VFSNIDSSI4MR30](https://elucidate.co/directory/jst-digital-trading-and-technology-pte-ltd-0b04a7881932) - [Paxos Global PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINTRAC-MSB · LEI 254900HKUGCSEE1Z8626](https://elucidate.co/directory/paxos-global-pte-ltd-f0e62912b4de) - [Ripple Markets Apac PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 98450060F9F56F87ED90](https://elucidate.co/directory/ripple-markets-apac-pte-ltd-05ecaf0d5a45) - [Stonex Financial Pte. Ltd. BIC IGLUSGSG Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 984500C5005644B14P13](https://elucidate.co/directory/stonex-financial-pte-ltd-iglusgsg) - [Xrex PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 2549000QE6HHWJLNL230](https://elucidate.co/directory/xrex-pte-ltd-da7af7b2e1b7) - [2C2P Pte. Ltd. No BIC Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · No LEI mapped](https://elucidate.co/directory/2c2p-pte-ltd-4eb1a068b1fb) [See all →](https://elucidate.co/directory/search?type=payments&cc=SG) [Other entries on MAS-MPI →](https://elucidate.co/directory/register/mas-mpi) 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 →](https://elucidate.co/directory/methodology) Register for this page - **MAS Financial Institutions Directory - Major Payment Institution**—Monetary Authority of Singapore (MAS) · [source ↗](https://eservices.mas.gov.sg/fid) 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.