Whites Group Singapore has recently announced, our Monetary Authority of Singapore (MAS) license has been improved and updated. We are now able to support Retail and Foreign Entities as well as corporate businesses within Singapore.
We originally obtained our MAS license in 2017, which is highly regarded as Singapore’s central bank ensure all operations are sustainable, secure and free of any vulnerabilities, so not available to all overseas payment companies. The license has been successfully implemented over the previous two years and we have established ourselves as a key overseas payment specialist within Asia’s financial centre.
As well as supporting corporate businesses and foreign entities, we are now able to partner with personal clients. Personal clients who wish to send currency outside of Singapore, have historically found their options limited to a handful of uncompetitive overseas payment companies. Thankfully, Whites Group Singapore can offer all the same services as the UK group, which promises same-day payments, local bank accounts in Singapore as well as competitive rates and a personal service.
The update of our MAS license marks an important step for both corporate and personal clients sending currency in and out of Singapore.