Wallex Blog

Discover how local currency accounts can streamline international transactions for Hong Kong businesses, reducing costs and enhancing payment efficiency. Learn to navigate global markets with ease and maximize your financial potential.

Discover how Hong Kong businesses can leverage key Free Trade Agreements to access global markets, reduce tariffs, and streamline cross-border trade. Explore the benefits of FTAs with China, EFTA, ASEAN, Australia, and New Zealand.

Learn how to efficiently make HKD to RMB payments from Hong Kong. This guide offers practical advice for CFOs and business leaders on managing currency conversion and navigating the complexities of cross-border transactions between Hong Kong dollars and Chinese yuan.

Experience the Wallex difference with our product enhancements this 23 March 2024. Wallex HK users will benefit from a simplified log-in experience and a seamless user interface. Read the article to explore the key changes and find out how these enhancements ensure a secure and efficient transaction experience.

Recessions can have a significant impact on foreign exchange (FX) rates, which can result in losses for businesses and individuals who have exposure to multiple currencies. In this article, we will explore the relationship between FX rates and a recession and how to protect your business from the risks.

Take a look at the payment options available to businesses, which include SWIFT network payments.

Historically, international payments were always time-consuming and arduous. Only about two decades ago, making a cross-border payment would require you to go to your local bank and fill up a transfer form manually. In addition, these global payments always came with a hefty fee, be it .

ACH, which stands for Automated Clearing House, is a network used to send and receive money between bank accounts. This payment system, which uses the ACH Network, was established in the 1960s to

Unravel the distinction between Intermediary Banks and Correspondent Banks. Make informed choices for your cross-border transactions.

Since integrating Wallex into its operations, La Cosecha has saved over 40% of its international payment transaction costs. Here’s how Wallex has improved the company’s internal processes and opened the doors to the potential for international expansion.

Remittance is the cross-border transfer of funds from one entity to another. The term remittance is derived from its root word of remit, which means to “send back”.

Experience swift cross-border transactions with Kapital Boost using Wallex's seamless international payment solutions. Discover more now!

To work with suppliers internationally, Omnidesk uses Wallex to send USD and CNY to China as well as MYR to Malaysia. They also use Wallex to convert SGD to USD, CNY and MYR before doing so - holding these currencies in their multi-currency wallet for easy accessibility.

Learn about the significance of MT103 document and how to use it effectively for business.

Discover how Marugame Udon Indonesia achieves higher efficiency in international operations with Wallex Account. Learn more now!

Learn how Edtech firm ErudiFi easily sends, holds, and receives USD, IDR, and PHP through Wallex for seamless cross-border payments.

Bulk payments, also known as batch payments and mass payments, are the perfect method for businesses that make regular payments. Each time you wish to make a transaction, it can take a lot of time and resources with the amount of information you have to gather to do so.

Easily send SGD to KRW for your business transactions. Discover secure and efficient cross-border payments. Learn more.

Send money to India with ease and speed for corporate transactions. Transfer money in Indian currency securely. Learn more.

Making payments from Singapore to the USA is easy once you understand how it works. In this guide, we will explain how it works, the options you have, what information you need, how long it takes, and all you ever needed to know about making business payments to the USA.

The future of work is shifting to include more remote work opportunities, but do you know how to pay remote workers? Well, if you work with cross-border staff and freelancers, this article is for you."

Wallex offers an Alternative Way to Making International Payments. Make Global Payments From Singapore by Opening a Local Currency Account