Wallex Blog

Foreign-owned companies face 2 to 6 week timelines at Singapore banks. The documents to prepare, why delays happen, and the 3 to 10 day alternative.

Pte Ltd or branch office? The structure you choose has real consequences for tax, liability, and how Singapore clients and banks see you. Here’s how to decide.

Just registered your Singapore company? Here are the 9 tasks you need to complete in the first 90 days; some have hard deadlines, and missing them carries real penalties.

A practical guide to registering a company in Singapore as a foreign business owner. Covers structure, requirements, costs, and what to set up after incorporation.

Compare Wallex vs WorldFirst for SME payments and collections. Review ASEAN local accounts, FX rates, controls, and support to find your best fit.

Compare Airwallex vs Wallex for SME payments and collections. Review ASEAN local accounts, FX rates, controls, and support to find your best fit.

Cross-border payments for SMEs are shifting towards audit-ready certainty: approvals, verification, reconciliation-ready data, and transparent FX outcomes across corridors.

Explore how the past decade transformed payments — from open banking and digital wallets to real-time rails, FX risk tools, and cross-border innovations. Discover what these shifts mean for the future of borderless trade.

Explore the top import export cities in Indonesia and discover key export opportunities for SMEs. Learn how to do business in Indonesia’s leading trade hubs while navigating regulations, payments, and optimal strategies for successful international trade.

Explore the rising role of stablecoins in B2B payments. Are they practical for enterprises or just hype? Discover use cases, risks, and what finance leaders should know.

Discover how 3KOM reduced cross-border payment processing time by 98% and cut operating costs with Wallex’s fast, cost-effective FX and international payment solutions.

Recently, the New Taiwan Dollar (TWD) recorded its sharpest rise against the U.S. Dollar (USD) since the 1980s – nearly 10% in just two days. While that’s extreme, it’s part of a broader pattern: currency volatility is back, especially across Asia’s emerging markets

In our Fintech Future series, discover how APAC’s collaborative approach is driving innovation and financial inclusion in the digital payments landscape. Camilla Bullock of EPAA joins us to give insights on public-private partnerships, trust, and ecosystem growth.

Managing payroll in the maritime industry is challenging due to a global workforce, multi-currency transactions, and complex compliance requirements. Cross-border bulk payment solutions streamline payroll, enhance financial transparency, and reduce administrative burdens, helping maritime businesses optimise payroll operations.

The maker-checker workflow on payment applications like Wallex is handy in that it allows one person (“maker”) to make the transaction and then that transaction request is automatically sent to the second person (“checker”) to approve the transaction. Find out more in this article.

Discover the 5 key trends shaping cross-border payments in 2025, from real-time interoperability and AI-driven solutions to digital B2B payments. Learn how these innovations are redefining global transactions for businesses.

Explore the top 5 challenges facing Singapore SMEs in 2024, including rising costs, talent shortages, and digital transformation pressures, shaping the path forward for businesses.

Transform your cross-border payments experience with Wallex. Learn how CV Harvest Holiday Indonesia improved their international payment processes, reduced costs, and received exceptional support by partnering with Wallex.

Explore the thriving shipbuilding industry in the Philippines with Wallex's insights on its growth, challenges, and opportunities for businesses navigating this dynamic sector.

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

Unlock the potential of your business in Vietnam by effectively managing FX risk. Discover actionable strategies to navigate currency fluctuations, protect your profit margins, and optimize your cross-border transactions with expert insights from Wallex – Asia’s leading B2B cross-border payments specialist.

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.

Transform your cross-border payments experience with Wallex. Learn how DermaPACK improved their international payment processes, reduced costs, and received exceptional support by partnering with Wallex. Download the case study for detailed insights.

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.

Transform your cross-border payments experience with Wallex. Discover how HMNS overcame hidden fees, time-consuming bank visits, and unpredictable currency fluctuations.

Discover key business opportunities in Vietnam's emerging sectors and optimise your VND payments with Wallex as your partner to take your business to the next level.

The Wallex Industry Insights series is geared to provide valuable perspectives on key industries driving growth in dynamic economies around the region. Explore the latest insights into Vietnam's Edtech Sector and discover how seamless cross-border transactions with Wallex can fuel your success in Vietnam's market.

Transform your cross-border payments experience with Wallex. Discover how PT Intralab Ekatama overcame hidden fees, time-consuming bank visits, and unpredictable currency fluctuations.

The Wallex Industry Insights series is geared to provide valuable perspectives on key industries driving growth in dynamic economies around the region. Explore the latest insights into Vietnam's textile and garment industry and discover how seamless cross-border transactions with Wallex can fuel your success in Vietnam's market.

The Wallex Industry Insights series is geared to provide valuable perspectives on key industries driving growth in dynamic economies around the region. Explore the latest insights into Philippine's creative economy and discover how seamless cross-border transactions with Wallex can fuel your success in the Philippine's market.

The Wallex Industry Insights series is geared to provide valuable perspectives on key industries driving growth in dynamic economies around the region. Explore the latest insights into Japan's economic resurgence and discover how seamless cross-border transactions with Wallex can fuel your success in the Japanese market.

Discover how businesses are experiencing the Wallex difference in their cross-border payments experience. Switch to Wallex and enjoy speed, support and savings today!

The Wallex Country Report series aims to help you unlock the inherent potential of Thailand – your essential guide to navigating Southeast Asia's dynamic economy. Make your business expansion seamless with Wallex providing fast and secure international payments . Dive into the opportunities and challenges of Indonesia's dynamic market and make your business expansion seamless with Wallex providing fast and secure international payments!

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

Discover the key factors to consider when choosing a multi-currency account for your business. From transaction speed to competitive exchange rates, here's why Wallex is your choice B2B cross-border payment specialist.

The Wallex Country Report series aims to help you unlock the inherent potential of Vietnam – your essential guide to navigating Southeast Asia's dynamic economy. Make your business expansion seamless with Wallex providing fast and secure international payments . Dive into the opportunities and challenges of Indonesia's dynamic market and make your business expansion seamless with Wallex providing fast and secure international payments!

Explore the best e-commerce platforms in Indonesia updated in both 2022 and 2023. Discover the inherent potential for businesses in the thriving ecommerce landscape in Indonesia.

Explore 2024 fintech trends, emphasizing the rise of multi-currency accounts. Stay informed on key trends in the fintech industry, including payments modernization, B2B payment evolution, regtech trends, CBDC momentum, and mobile payments adoption. Discover the versatility of Wallex's multi-currency accounts for streamlined cross-border transactions.

The Wallex Country Report series aims to help you unlock the inherent potential of Philippines – your essential guide to navigating Southeast Asia's dynamic economy. Make your business expansion seamless with Wallex providing fast and secure international payments . Dive into the opportunities and challenges of Indonesia's dynamic market and make your business expansion seamless with Wallex providing fast and secure international payments!

Discover the optimal business environments in Indonesia with our guide to the Top 5 Cities for 2024. Explore strategic locations, vibrant economies, and key industries, offering unparalleled opportunities for entrepreneurs. Unlock the potential for success and growth in these dynamic Indonesian cities, and find out how your business can thrive in 2024.

Stay ahead of the curve in 2024 with our guide for startups. Learn strategic fundraising, audience targeting, and AI integration to propel your venture to new heights.

The Wallex Country Report series aims to help you unlock the potential of Indonesia's thriving market – your essential guide to navigating Southeast Asia's largest economy. Make your business expansion seamless with Wallex providing fast and secure international payments . Dive into the opportunities and challenges of Indonesia's dynamic market and make your business expansion seamless with Wallex providing fast and secure international payments!

Experience the Wallex difference with our upcoming product enhancements this 16 December 2023. Wallex Singapore 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.

Explore the ins and outs of managing cash flow in international business expansion! Uncover the five common challenges faced by global businesses, from currency exchange fluctuations to cross-border taxation complexities and discover how Wallex can be your international payments and FX partner.

Explore the key insights from SFF 2023 – spotlighting AI in fintech, cross-border payments – and find out how Wallex is part of the narrative.

Take a deep dive into the trade performance of Malaysia and its impact on international business

Explore the intersection of finance, technology, and sustainability and see how fintechs can be the catalyst for change in bringing sustainable solutions to the table to shape a greener future and beyond.

Uncover the fun facts of the USD and discover the easy way to pay and get paid in USD

Discover the reasons why Wallex is the chosen multi-currency wallet for international businesses.

Find out what customer segregated accounts are and learn why Wallex keeps your funds in them.

What should businesses be aware of and on the lookout for in 2024? We've listed three of the most pressing trends in this blog post.

Explore the potential consequences of de-dollarization on the global economy. Understand how a shift away from the US dollar as the world's primary reserve currency could impact international trade, financial markets, and geopolitical dynamics.

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.

This concept of foreign currency translation is crucial because of the constant fluctuation of foreign exchange (FX) rates, which impacts the value of assets and liabilities in foreign currencies. In accounting, even tiny differences like these can lead to...

ISO currency codes, commonly used synonymously as country codes, are unique alphanumeric codes assigned to each currency used in international transactions. These codes were established by the International Organisation for Standardisation (ISO) to improve the accuracy of global payments.

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

Discover the meaning of IBAN numbers and bank SWIFT codes. Learn how IBAN works and its role in international payments. Read more about IBAN and SWIFT with Wallex.

Discover the ultimate checklist for top-notch B2B payment solutions providers. Learn more about the qualities that make a reliable provider with Wallex.

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.

A wire transfer is an electronic transfer of money from one bank account to another, either domestically or internationally. A telegraphic transfer is an older form of wire transfer that is still used in some countries.

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”.

The exchange rate is a figure at which one unit of a currency can be exchanged for another unit of currency in the same monetary system.

Unlock the potential of a Multi-Currency Account (MCA) at Wallex. Effortlessly handle multiple currencies and exchange rates. Get started now! |

Four workflow optimisations with ChatGPT that will save your business time and cost.

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

Learn about the necessary documents for corporate banking and expert tips to efficiently handle them. Start managing your finances today!

Make seamless overseas payments in 2023 with the top 4 methods for businesses. Explore efficient cross-border payment solutions. Get started now!

Discover how BEDANDBASICS saves cost and time with Wallex for international payments. Make international money transfers with ease. Learn more.

Discover how Omnidesk effortlessly handles international payments through Wallex Account Manager. Send payments globally with ease. Learn more about our international account solutions.

Stay ahead in 2023 with top digitalisation trends for businesses. Embrace the latest technologies, enhance efficiency, and unlock growth opportunities. Discover more!

Embrace the future with top sustainability trends for businesses in 2023. Discover eco-friendly practices, enhance corporate social responsibility, and drive positive impact. Learn more!

Explore the best cities in Indonesia to do business in. Discover opportunities, top companies, and growth potential in these rising urban centers. Get started on your business success today!

Discover the distinction between CNY and CNH. Learn about the Chinese Yuan and its offshore counterpart. Understand their usage and implications in international trade.

Foreign exchange risk, from a business perspective, is the potential financial loss that an international business may incur due to fluctuations in foreign currency exchange rates. Here are three types of foreign exchange risks

Explore Indonesia's top 10 exports, their economic significance, and global impact. Learn how these industries drive the nation's trade growth.

The difference between SWIFT and Local Transfers. SWIFT payments have better security and an extensive reach, while local transfers are cheaper and faster.

USD is a popular currency for doing international business, however it is challenging to open a US bank account overseas. Find out what are the alternatives: corporate multi-currency account, global business account, global collection account for USD, and more.

How does inflation, interest rates or trade affect exchange rates? How does the government or political instability affect the value of their currency? What happens in a recession? Find out more.

Unlock the secrets to obtaining the best FX rates for your business. Optimize exchange rates, reduce costs, and boost profits. Get started now! |

Optimize your business's cash flow with these 4 essential tools for effective working capital management. Learn more and take control today.

Discover how SIRCLO, an Indonesia e-commerce enabler, cut down on time and costs with Wallex. Learn more to optimize your business processes and reduce expenses.

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.

Learn the art of hiring overseas and fostering a strong cross-cultural team. Unlock global talent with our expert strategies. Get started today!

Ready to expand globally? Learn how to set up your overseas office and build a winning team. Get started with our expert guide. Discover more.

Learn how ErudiFi expands in Southeast Asia to bring financial inclusion to all students. Discover how we address financial problems and provide opportunities for students to access education.

Uncover strategic insights with SWOT analysis for startups. Leverage strengths, address weaknesses, seize opportunities, and mitigate threats. Get started now! |

Explore the top 3 strategic planning frameworks for successful global expansion. Plan your business growth effectively. Learn more now!

Learn how to successfully expand your business globally. Get actionable tips for a smooth international expansion. Discover more.

Discover the booming business opportunities in Indonesia. Get started today and unlock the potential for growth. Learn more.

Curious about Wallex vs. DBS multicurrency account? Discover the better way to handle international payments. Read on and get started.

We recently launched the Wallex Network as a quick and easy way to send payments to other Wallex users. This feature is applicable to all existing and new Wallex users, applicable for 14 currencies.

Discover 8 free marketing tools to supercharge your small business. Boost your marketing efforts and drive growth. Get started now!

Discover the top 5 payroll systems for growth businesses in Asia. Streamline your payroll processes with efficient payroll software. Learn more.

Discover how special purpose vehicles (SPVs) can efficiently send USD to any country. Learn more about cost-effective cross-border transactions.

Boost your startup's productivity with these top 5 tips for efficient teamwork. Learn more and optimize your business today!

Streamline SME growth with bulk payments. Learn how to efficiently scale up your business. Get started today!