Singapore · Payments & e-money
Remitly Singapore PTE. LTD.
Remitly Singapore Pte. Ltd. is a private company limited by shares, incorporated in Singapore in 2019. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019 to provide cross-border money transfer services. It is part of the Remitly group, whose parent Remitly Global, Inc. is listed on Nasdaq. Through the Remitly app and website, it lets individuals resident in Singapore send money abroad for personal purposes.
Licences and registrations
Held by Remitly Singapore PTE. LTD.. 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. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Firm type
Money remittance
Trades as Remitly
- Ownership
- The firm belongs to the Remitly group headed by Remitly Global, Inc. (Nasdaq: RELY). Its direct shareholder has not been confirmed from a filing.
- Ultimate owner
- Remitly Global, Inc., United States
- Head office
- 5 Shenton Way, #12-01 UIC Building, 068808 Singapore, Singapore
- Company register
- ACRA UEN 201920838N
- Incorporated
- 28 Jun 2019
- Founders
- Matt Oppenheimer · Josh Hug · Shivaas Gulati
Online
- Websites & references
- remitly.com ↗
ir.remitly.com ↗ group investor relations site (Remitly Global, Inc.)
news.remitly.com ↗ group newsroom
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 10 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/229064-REMITLY-SINGAPORE-PTE-LTD
- remitly.com/pdf/en/sg/476c6e48-9362-4046-98ab-f80969329243
- remitly.com/sg/en/home/agreement
- remitly.com/sg/en
- remitly.com/sg/en/home/notice
- remitly.com/sg/en/united-states
- ir.remitly.com/
- ir.remitly.com/news-releases/news-release-details/remitly-appoints-sebastian-j-gunningham-chief-executiv
- en.wikipedia.org/wiki/Remitly
- mas.gov.sg/investor-alert-list
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution under the Payment Services Act 2019 for cross-border money transfer services. According to its User Agreement, a Brazilian group entity, Remitly Corretora de Cambio Ltda, may carry out transfers to Brazil in Brazilian reais. Transfers to India are processed under the Reserve Bank of India's Rupee Drawing Arrangements.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution (Cross-border Money Transfer Service) | — | 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
- Insurance or guaranteeThe firm states that it safeguards relevant money under the Payment Services Regulations 2019 with a banker's guarantee from JPMorgan Chase Bank, acting through its Singapore branch.
- Safeguarding bank
- JPMorgan Chase Bank, acting through its Singapore branch Singapore
- Payment schemes and card networks
- Visa Access not stated remitly.com ↗
Mastercard Access not stated remitly.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
It lets individuals resident in Singapore send Singapore dollars to recipients abroad, paid out by bank deposit or cash pickup depending on the destination. Its terms limit the service to personal, family or household use.
It serves senders resident in Singapore under its MAS licence. Its Singapore website lists more than 150 destination countries.
- Payment volume
- USD 86bnlast-twelve-months send volume (Remitly group)
- Sells to
- Consumers
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Sebastian J. Gunningham Chief Executive Officer, Remitly Global, Inc. (group level)
- Chair
- Matt Oppenheimer Co-Founder and Chairman of the Board, Remitly Global, Inc. (group level)
- Executive
- John David O'Brien Data Protection Officer (named in the Remitly Singapore privacy notice)
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Remitly Global, Inc. appointed Sebastian J. Gunningham as group CEO from 19 February 2026. Co-founder Matt Oppenheimer continued as chairman.
ir.remitly.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
- LEI
- No LEI mapped
- Elucidate firm ID
- c601bbe6ac6b
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
- 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
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 5 SHENTON WAY, #12-01 UIC BUILDING 068808, Singapore, 068808
- 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. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>REMITLY SINGAPORE PTE. LTD.</Nm>
<PstlAdr>
<PstCd>068808</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>5 SHENTON WAY</AdrLine>
<AdrLine>#12-01 UIC BUILDING 068808</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
- 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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