Transcend Borders with TranSwap

TranSwap is a cross-border payment platform for businesses and everyday people who seek to make payments overseas while reducing FX costs and complexity. We offer the most competitive rates through our proprietary online transaction portal and a wide network of FX Partners to enable our users to fulfil global payments at the lowest cost efficiently.

In addition to TranSwap’s online transaction portal, cross-border payments provided by TranSwap are also available on the Networked Trade Platform (“NTP”) Value Added Service (“VAS”) provider listing. As an NTP VAS provider, TranSwap is part of the vibrant trade ecosystem that is the NTP – a Singapore Government initiative. We offer a cost-effective and convenient solution to importers and exporters seeking to make or collect payments internationally.

TranSwap is fully regulated and licensed in Singapore, Hong Kong and Indonesia. We facilitate FX payments in more than 180 countries, and have a global network of banks and partners.

Our Journey

TranSwap officially founded

Nov 2015

Obtained license in Hong Kong

Jul 2016

Obtained license in Singapore

Jul 2017

TranSwap listed on NTP

Jul 2018

Obtained license in Indonesia

Aug 2019

Launch of Global Wallet

May 2020

TranSwap's mobile app

Coming soon

Awards

TranSwap is an award winning Fintech company that has been featured on multiple media outlets such as Channel News Asia, The Straits Times, The Business Times, The Edge Singapore, Business Insider, as well as radio stations 93.8 NOW and MONEYFM 89.3 for the value we bring to businesses seeking accelerated global growth.

2019

Outstanding SME Cross-Border FX Platform award

Fintech Awards by ETNET

Excellence of Innovation for Retailing award

Asia's Best E-Tailing Awards

2018

Outstanding SME Cross-Border FX Platform award

Fintech Awards by ETNET

Our customers
love us!

Let's see why our happy users
choose us.

4.5

reviews

"TranSwap's platform is easy to use and has helped me save on international transfers for my business! The service is have received is fast and efficient, which is great for busy business owners like me. Definitely recommend!"

Benson

Louve LLP

"Given the fast paced business environment that we operate in, we are always pressed for time to find the best price for our transactions. However, we can always trust that TranSwap provides favourable rates for our international transactions. The transfers are completed very quickly after confirmation and their staff are always very helpful and professional."

Ewan

Diverse Media Pte Ltd

"TranSwap has always been a reliable solution for my business. I am very satisfied with their speedy service and professional customer care. I highly recommend TranSwap to businesses with regular overseas payments."

Jamie

Balance Studio

"TranSwap's fees are reasonable and transparent, meaning that I see my costs upfront when making international payments for overseas investments. The platform is also easy to use, fast, reliable & efficient."

Philip C

"TranSwap has always been a reliable solution for my business. I am very satisfied with their speedy service and professional customer care. I highly recommend TranSwap to businesses with regular overseas payments."

Jamie

Balance Studio

"TranSwap's fees are reasonable and transparent, meaning that I see my costs upfront when making international payments for overseas investments. The platform is also easy to use, fast, reliable & efficient."

Philip C

Your business is our business

Read our case studies to see how companies like Eva Petro-Marine have grown from using our services.

The idea for TranSwap first came to Benjamin, our CEO and Co-Founder during the Asian Financial Crisis back in 1997 when he had a US$ currency exposure and he wanted to hedge it with a FX forward contract. However, the premium quoted to him was too expensive and the spread for the spot rate was too huge.Fortunately, Benjamin was able to find a friend overseas who has US$ and requires his S$. They then agreed to swap their respective currencies at an agreed Mid-Market rate.

Fortunately, Benjamin was able to find a friend overseas who has US$ and requires his S$. They then agreed to swap their respective currencies at an agreed Mid-Market rate.

This simple FX swapping exercise gave birth to the idea of cross-border foreign-exchange swapping. However as the internet, technologies and regulations were not suitable for fintech innovation back then, Benjamin decided not to develop the FX swapping idea into a permanent arrangement.

In recent years as FinTech became a reality and received wide acceptance by the regulatory authorities, this reignited Benjamin’s passion to solve the foreign-exchange problems that he, like many other Small Medium Enterprises, faced, such as high costs and lack of transparency in the transaction.

Benjamin decided to leave his corporate job to start TranSwap. He brought on-board  Kien Leong, a lawyer, to launch the cross-border FX payment platform.TranSwap has since rapidly grown under their leadership, with three offices in Singapore, Hong Kong and Indonesia and multiple valuable partnerships to allow our customers to make payments to more than 160 countries in the world. TranSwap is still continuing to expand our currency borders and will also be launching our new Wallets solution in May 2020.

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