This is a live market rate.
No hidden fees. No markup.
Wealthgate is a MAS-licensed payment infrastructure for Singapore businesses. Pay overseas suppliers, settle in local currencies, and manage multi-currency outflows — with full transparency on rates and fees before you commit.
Talk to Our Corporate Team →Who We Serve
If your business is registered in Singapore, you can work with Wealthgate — including Singapore subsidiaries of foreign companies.
Import businesses, wholesalers, and manufacturers paying suppliers in China, Malaysia, Indonesia, Vietnam, Thailand, and beyond.
Chinese, Indian, or European parent companies with a Singapore entity — we serve the Singapore-registered entity directly, compliantly.
Malaysia, Hong Kong, and China-based businesses that need to pay Singapore suppliers or partners in SGD with a clean audit trail.
Startups and established companies paying contractors or employees across Southeast Asia, India, and beyond in local currencies.
What We Do
Core services available under our MAS MPI licence, and through our partner network for more complex structures.
Settle trade invoices in CNY, MYR, IDR, THB, VND, PHP, HKD, INR, USD, GBP, AUD and 30+ currencies. Full cost shown before transfer — no undisclosed FX spread, no bank TT queue.
Pay overseas staff and freelancers in their local currency from Singapore. Faster and more cost-effective than DBS or OCBC telegraphic transfers for recurring monthly payroll runs.
Payment on Behalf Of for Singapore-headquartered groups with ASEAN or Greater China subsidiaries. Delivered via licensed partner FIs.
Overseas companies can pay Singapore-registered suppliers through Wealthgate, settling in SGD with full compliance documentation and a clear transaction audit trail.
How It Works
From first enquiry to settled payment — a straightforward three-step process.
Share your currencies, monthly volumes, destination countries, and frequency. We confirm eligibility and onboarding requirements within one business day.
Before any transfer is initiated, you see the exact exchange rate, all fees, and the exact amount your beneficiary will receive. No surprises at confirmation.
Funds settle directly to your supplier or beneficiary, typically within 24 hours. Full transaction record provided for your accounts and compliance team.
Singapore outbound payments to Asia and beyond — plus inbound payments from SEA and Greater China into Singapore.
Why Singapore SMEs Choose Wealthgate Over Their Bank
A straightforward comparison on the factors that matter most for business cross-border payments.
| What matters to your business | Wealthgate | Traditional Banks | Generic remittance apps |
|---|---|---|---|
| Full cost shown before transfer | ✓ Yes | ✗ Rate revealed after | ~ Varies |
| CNY settlement (MAS compliant) | ✓ Yes | ~ Limited routes | ✗ Often USD only |
| MAS Major Payment Institution licence | ✓ PS20200436 | ✓ Full bank licence | ~ Check each provider |
| No hidden TT and correspondent bank fees | ✓ All-in pricing | ✗ Varied costs apply | ~ Varies |
| Typical settlement time | 24 hours | 2–5 business days | 1–3 days |
| Dedicated corporate account manager | ✓ Yes | ✗ Call centre | ✗ Self-serve only |
| POBO / COBO for subsidiary structures | ✓ Via partner network | ~ Intra-bank only | ✗ Not available |
| Exchange rate spreads are indicative — actual rates vary by currency pair and transaction size. | |||
Frequently Asked Questions
Common questions from Singapore businesses about cross-border payments with Wealthgate.
Any Singapore-registered business can use Wealthgate — including sole proprietors, private limited companies, and Singapore subsidiaries of foreign corporations. There is no minimum transaction size or monthly volume requirement to get started.
If your company is incorporated in Singapore, you qualify regardless of where the parent company or shareholders are based. A Chinese company with a Singapore subsidiary, for example, can use Wealthgate to manage all outbound payments from that Singapore entity.
Wealthgate supports 30+ currencies for outbound payments from Singapore, including:
We also accept inbound payments from Malaysia, Hong Kong, and China into Singapore. Contact our team to confirm availability for your specific corridor.
We show you the complete cost — exchange rate, fees, and the exact amount your beneficiary will receive — before you confirm any transfer. There are no fees revealed only after the transaction is initiated.
Unlike most Singapore banks, which charge a separate TT fee (typically S$20–35), a cable charge (S$20–35), and a correspondent bank fee (US$10–30 per hop), Wealthgate quotes an all-in amount. You know exactly what you pay and exactly what your supplier receives.
Most payments settle within 24 hours of transfer confirmation. China CNY payments typically settle within one business day when initiated before the daily cut-off time. Some corridors may take 1–2 business days depending on local banking infrastructure.
For new beneficiaries, we complete a one-time pre-validation of bank account details, which helps eliminate the 5–15% first-time rejection rate common with SWIFT TT payments to China.
Yes. Wealthgate International Trading Pte Ltd is a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Our licence number is PS20200436, verifiable on the MAS Financial Institution Directory.
MPI is the highest tier of payment licence issued by MAS, required for any company handling cross-border money transfers above the threshold for standard licences.
Yes. MAS Notice PSN11 (effective January 2024, amended September 2024) restricts the channels that Singapore-licensed payment institutions may use for cross-border transfers to China. Many SG remittance operators have had to suspend or limit their China corridors as a result.
Wealthgate operates through PSN11-compliant channels for CNY settlement. We recommend Singapore businesses that have experienced disruptions or rejections on China payments contact our team to discuss their specific situation.
POBO (Payment on Behalf Of) means a Singapore entity makes payments on behalf of its subsidiaries or group companies — useful for centralised treasury structures where the Singapore HQ manages outbound payments for ASEAN or Greater China subsidiaries.
Wealthgate supports POBO structure through our licensed partner financial institutions. Please contact our corporate team to discuss your group structure.
Contact our corporate team via our Contact page or call us at +65 6226 2678. We will confirm eligibility and guide you through onboarding. Most accounts are set up within 48 hours.
Standard onboarding documents for a Singapore-registered company: ACRA business profile, director and shareholder identification, and a description of your payment activities. Our team will provide a full checklist based on your specific structure.
Our corporate team will assess your needs and guide you through onboarding — most accounts are set up within 48 hours.
Wealthgate International Trading Pte Ltd · MAS Major Payment Institution · Licence No. PS20200436 · #01-16 People’s Park Complex, Singapore 059108 · enquiry@wealthgate.sg · +65 6226 2678. Please note that the MAS has not reviewed this content.