Contact the Regulator
Monetary Authority of Singapore
Address: 10 Shenton Way, MAS Building, Singapore 079117
Phone: +65 6225 5577
Website: www.mas.gov.sg
Licensed and regulated by the Monetary Authority of Singapore
XfersTrade is operated by Xfers Pte. Ltd., a company incorporated in Singapore. We are licensed and regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the Payment Services Act 2019.
Our regulatory status ensures that we operate according to the highest standards of compliance, security, and client protection.
Digital Payment Token Services
ActiveAccount Issuance Services
ActiveDomestic Money Transfer Services
ActiveCross-border Money Transfer Services
ActiveXfers Pte. Ltd.
201411660R
Accounting and Corporate Regulatory Authority (ACRA)
3 June 2014
Private Company Limited by Shares
79 Ayer Rajah Crescent, #04-08
Singapore 139955
We are licensed under the Payment Services Act 2019, which provides a regulatory framework for payment services in Singapore. This legislation ensures consumer protection and operational integrity.
We comply with all AML regulations and implement robust procedures to detect and prevent money laundering and terrorist financing activities.
We maintain strict KYC procedures to verify the identity of all clients, as required by MAS regulations. This protects both you and the integrity of our platform.
We comply with Singapore's PDPA to ensure your personal data is collected, used, and protected in accordance with the law.
Client funds are held in segregated accounts at tier-1 banks, separate from our operational funds. This ensures your money is protected.
We maintain capital reserves exceeding regulatory requirements, ensuring financial stability and our ability to meet obligations.
Our operations are subject to regular audits by independent auditors and regulatory examinations by MAS.
We have clear complaints procedures and clients can access external dispute resolution through FIDReC if needed.
You can verify our regulatory status directly with the Monetary Authority of Singapore:
Major Payment Institution
Due to regulatory requirements, we are unable to provide services to residents of certain jurisdictions, including but not limited to:
This list is not exhaustive and may change based on regulatory requirements. Please contact us if you are unsure about your eligibility.
Address: 10 Shenton Way, MAS Building, Singapore 079117
Phone: +65 6225 5577
Website: www.mas.gov.sg