Singapore · Payments & e-money
Singx Singapore Pte LTD
Legal name in the LEI recordSINGX SINGAPORE PTE. LTD.
SingX Singapore Pte. Ltd. is a private company limited by shares with its seat in Singapore. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under the Payment Services Act 2019 (licence PS20200369). It is a wholly owned subsidiary of SingX Pte Ltd, which runs the SingX brand and website. Under the SingX brand it offers cross-border money transfers, an SGD wallet, mass payments and business payment services to consumers, businesses, and banks and payment intermediaries.
Licences and registrations
Held by Singx Singapore Pte. Ltd. (LEI 98450000F6D07FY88D72). 2 entries on 2 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 | — | — |
|
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| Money Services Business RegistryFINTRACLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Foreign MSB (FMSB)Money Transmitter / Remittance | M21186348 | Canada | Ceased | 2021-05-11 | Ended 2023-07-31 |
|
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Licences and registrations listed here were granted in Canada. This BIC is registered in Singapore.
- 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
- SIOTSGS2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of SIOTSGS2 marks reverse billing.
- 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
- 2019-12-07
- Last updated
- 2021-03-18
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% SingX Pte Ltd
Firm type
Money remittance
Trades as SingX
- Ownership
- SingX Pte Ltd (UEN 201433979Z), a Singapore company, owns 100% of the firm.
- Direct parent
- SingX Pte Ltd, Singapore 100%
- Head office
- 138 Cecil Street, #04-01 Cecil Court, 069538 Singapore, Singapore
- Company register
- ACRA UEN 201533243W
- Incorporated
- 2015
- Founders
- Atul Garg · Vineet Nagrani · Kula Kulendaran
- Former name
- TRANSFER EASY PTE. LTD.
Online
- Websites & references
- singx.co ↗
business.singx.co ↗ business payments site - Official social accounts
- LinkedIn ↗ · Facebook ↗ · YouTube ↗
- Apps
- Google Play ↗ · App Store ↗
Sources · 8 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/200942-SINGX-SINGAPORE-PTE-LTD
- singx.co/sg/terms-of-use
- singx.co/licenses
- singx.co/
- singx.co/team
- singx.co/aboutus
- fintechnews.sg/122715/remittance/bpi-and-singx-launch-real-time-remittance-for-ofws-in-key-markets/
- theasianbanker.com/press-releases/fintech-start-up-singx-raises-$4.5-million-in-second-round-funding-and-exp
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 account issuance, domestic money transfer, cross-border money transfer and e-money issuance services. Its parent, SingX Pte Ltd, runs the SingX website and describes the firm as the licensed group company for Singapore.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution | PS20200369 | In its own name | Active | eservices.mas.gov.sg ↗ |
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign Money Services Business registration | M21186348 | In its own name | Withdrawn or expired | — |
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 says it holds customers' money on trust in dedicated, segregated accounts with approved safeguarding institutions under the Payment Services Act 2019, and that the Singapore deposit insurance scheme does not cover it.
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 sends money from Singapore to more than 180 countries, which the firm says includes Bangladesh, India, Indonesia, Malaysia, Nepal, Pakistan, the Philippines, Sri Lanka and Vietnam. It pays out through licensed remittance operators and other partners, with cash pick-up in some countries, and also offers a card-funded payment service called Pay With Card.
The firm serves customers in Singapore under its MAS licence. Group affiliates SingX (HK) Co. Ltd and SingX Australia Pty Ltd serve Hong Kong and Australia under their own registrations.
- Sells to
- Consumers · Small businesses · Enterprises · Platforms and marketplaces · Financial institutions
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Atul Garg Principal Founder & CEO
- Compliance / MLRO
-
Scott Dale
Hong Kong Representative; MLRO for SingX Singapore and SingX Hong Kong
- Executive
-
Deepika Deshpande
Chief Operating Officer
- Executive
-
Rajkumar Muthuswami
Chief Technology Officer
- Founder
-
Vineet Nagrani
Founder
- Founder
-
Kula Kulendaran
Founder
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Bank of the Philippine Islands (BPI) partnered with the firm to offer real-time remittances to BPI accounts from Singapore, Hong Kong and Australia.
fintechnews.sg ↗
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
- SIOTSGS2XXX
- How the BIC breaks down
- SIOTBank
- SGCountry · Singapore
- S2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98450000F6D07FY88D72
- LEI record
- View on GLEIF ↗
- Licence no. · FINTRAC-MSB
- M21186348
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry IDs
- 521d89b7563b · 9078a5bcca43
Profile
- Type
- Payments & e-money · Money service businessPayment 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
- 2 entries on 2 registers
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore
- Website (register)
- www.singx.co ↗
- 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
- CECIL COURT 0401 138 CECIL STREET SINGAPORE 069538 SINGAPORE
- Operational address
- CECIL COURT 0401 138 CECIL STREET SINGAPORE SINGAPORE 069538 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>SIOTSGS2XXX</BICFI>
<LEI>98450000F6D07FY88D72</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>SIOTSGS2XXX</BICFI>
<LEI>98450000F6D07FY88D72</LEI>
<Nm>SINGX SINGAPORE PTE LTD</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>CECIL COURT 0401 138 CECIL STREET SINGAPORE 069538</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
- Money Services Business Registry—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · 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: singx.co (official website) · original; Scott Dale: singx.co (official website) · original; Deepika Deshpande: singx.co (official website) · original; Rajkumar Muthuswami: singx.co (official website) · original; Vineet Nagrani: singx.co (official website) · original; Kula Kulendaran: singx.co (official website) · original.
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