Singapore · Payments & e-money
Transwap Private Limited
Transwap Private Limited is a payment firm incorporated in Singapore, with its office at Capital Tower, Robinson Road. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act 2019. MAS lists its licensed activity as cross-border money transfer service. Trading as Transwap, it offers cross-border payments, currency conversion, collections and multi-currency accounts to businesses and individuals. Separate Transwap group companies hold licences in Hong Kong, Indonesia, the United Kingdom and Canada.
Licences and registrations
Held by Transwap Private Limited (LEI 8945005TEF4C7YAXDE41). 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
- TRPVSGS2XXX 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 TRPVSGS2 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
- 2021-04-03
- Last updated
- 2021-04-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Not published
Firm type
FX and business payments
Trades as Transwap
- Standing
- According to GLEIF, the registration of the firm's Legal Entity Identifier (LEI) has lapsed. The entity itself is shown as active.
- Head office
- 168 Robinson Road, #12-00 Capital Tower, 068912 Singapore, Singapore
- Founder
- Benjamin Wong
Online
- Websites & references
- transwap.com ↗
app.transwap.live ↗ customer login platform - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The MAS licenses the firm as a major payment institution under the Payment Services Act 2019. The MAS Financial Institutions Directory lists cross-border money transfer service as its licensed activity.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution | PS20200415 | 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
- Segregated safeguarding accountsThe firm states that client funds are held in segregated accounts at tier-1 global banks, separate from its operating capital, under each jurisdiction's safeguarding rules.
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
According to its website, Transwap offers cross-border payments to more than 180 countries, currency conversion, local collections and mass payouts.
The firm serves customers from Singapore under its MAS licence. Sister companies serve Hong Kong, Indonesia, the United Kingdom and Canada, and Macau is reached through a partner, BDO Remit.
- Sells to
- Small businesses · Enterprises · Consumers
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Founder
- Benjamin Wong Founder
Recent events
Researched 29 Sep 2026 · Sources
The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years.
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
- TRPVSGS2XXX
- How the BIC breaks down
- TRPVBank
- SGCountry · Singapore
- S2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 8945005TEF4C7YAXDE41
- 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
- b97f17188f52
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
- Licensed in
- Singapore
- 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
The Transwap Private Limited group has 2 institutions in the directory, in 2 countries: all hold a BIC.
Including Transwap Limited.
See the Transwap Private Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- ALICE(AT)MEDIAPOLIS FLOOR 0204 29 MEDIA CIRCLE SINGAPORE 138565 SINGAPORE
- Operational address
- ALICE(at)MEDIAPOLIS FLOOR 0204 29 MEDIA CIRCLE SINGAPORE SINGAPORE 138565 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>TRPVSGS2XXX</BICFI>
<LEI>8945005TEF4C7YAXDE41</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>TRPVSGS2XXX</BICFI>
<LEI>8945005TEF4C7YAXDE41</LEI>
<Nm>TRANSWAP PRIVATE LIMITED</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>ALICE(AT)MEDIAPOLIS FLOOR 0204 29 MEDIA CIRCLE SINGAPORE 138565</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
- 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.
- 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: transwap.com (official website).
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