Beginner's Guide to International Transactions

Understanding SWIFT Codes

Are you new to international transactions? Don't worry, we've got you covered! One essential element you need to know is the SWIFT code...

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Singapore's Corporate Income Tax System

Planning on establishing your business in the vibrant Singapore? Understanding the tax system is important for financial planning and compliance.

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Global Business
Choosing the Right Cross-Border Payment Solution

As small business owners and SME managers, cross-border payments have always been a challenge. Traditional payment methods have been the norm for many years, but with the development of fintech, there are now many new ways to transfer money internationally...

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Fintech
Global Payment
How to DIY Multi-Company Payroll & Cross-Border Payments in 2023

Payroll processing is one of the most important, and also one of the most time-consuming, tasks for any business with multiple companies spread across the globe...

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Global Payment
Fintech
Avoiding Common Pitfalls in International Payments

Ready to take the next big step and expand your business internationally? As a small business or startup, expanding your reach beyond your local market is very exciting.

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Global Payment
Digital Solutions
How to manage your Freelance Finances

As a freelancer, managing your finances can be a daunting task. Choosing the perfect bank account for your business is crucial to keep your finances organized and secure.

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Digital Solutions
Fintech
From Virtual Offices to Virtual Banking

We’re finally beginning to see some light at the end of the tunnel – or is it already 100% post-COVID-19 for you stepping into 2023?

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Global Business
Digital Solutions
5 reasons to do business in Singapore

Singapore is a great destination for entrepreneurs and startups looking to start or expand their business.

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Global Business
Global Payment
Fintech and the Unbanked

Fintech companies are leveraging technology to bridge the gap and provide essential financial services to millions of people around the globe.

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Fintech
Global Payment
The Power of AI in Banking

Artificial intelligence (AI) has been gaining media attention and generating a lot of conversations on the internet.

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Digital Solutions
Fintech
Why do you need a business plan for your startup?

“If You Fail to Plan, You Are Planning to Fail” as the popular Benjamin Franklin saying goes. A business idea is NOT a business plan.

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Global Business
Fintech
A simple guide to expanding abroad

Thinking about going global? Many company managers and owners want to grow a global and expanding business to access new markets, opportunities and talents.

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Global Business
Digital Solutions
How to Protect Yourself Online: Phishing Attacks

Don’t open a message or email if you don’t recognise the sender’s name. When browsing online or checking your email, you should always be careful.

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Money Transfer
Global Payment
5 Key factors that influence FX rates

When doing business abroad, SMEs and startups are vulnerable to exchange rates fluctuation. It can have an effect on competition...

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Currency
Money Transfer
Overcoming Cross-Border Payment Challenges in 2023

As a startup, are you struggling with cross-border payments in 2023? Are you still suffering from slow transaction speed, lack of transparency, high costs and unpredictable exchange rates?

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Global Payment
NOISE Analysis: A simple guide for SMEs and startups

Are you ready to level up your business in 2023? As businesses and entrepreneurs, we should always aim to do better and strive for excellence...

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Global Business
Global Payment
A simple guide to secure and low-cost cross-border payments

Nowadays, most SMEs and startups make multiple monthly transactions every month, especially cross-border payments to international vendors to take advantage of the low costs...

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Global Business
Global Payment
Thinking of doing business in Indonesia?

Indonesia, a top travel destination in Southeast Asia, is often associated with having many of the world’s most beautiful beaches and islands

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Global Business
Fintech
Get Ready for GST Rate Change in Singapore

GST stands for the Goods and Services Tax (GST). It is often referred to as Value-Added Tax (VAT).

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Global Payment
Global Business
Business Travel Expenses? How To Get It Right

Most countries are now fully open again and welcoming to tourists and business travelers.

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Global Payment
Fintech
How to Protect Yourself Online

Did you know the popularity of online banking and mobile payments goes hand-in-hand with fraud?

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Global Business
Money Transfer
What is a payment gateway? And what should you be aware of?

Are you an e-commerce store owner? Or are you looking to start an ecommerce business? If yes, then keep on reading.

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Global Payment
Global Business
Offshore Banking: Benefits & What to be aware of

What do you think of when you hear the term ‘Offshore Banking’? Most people often associate offshore banking with illegal activities, a way to avoid paying tax or banking exclusively for the ultra-rich.

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Global Business
Global Payment
5 Reasons to Establish your Business in Hong Kong

Hong Kong is a highly developed city with one of the world’s most thriving economies...

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Global Business
Digital Solutions
Thinking of doing business in Canada?

What word comes to mind when you think of Canada? Is it Drake, Justin Bieber, Ice Hockey, Maple Syrup, Tim Horton’s Coffee or the incredibly beautiful landscapes?

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Global Business
Currency
A Simple Guide to Transferring Money Internationally

It is common practice for most businesses nowadays to make international transfers...

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Money Transfer
Global Payment
Fintech
SWOT Analysis: A simple guide for SMEs and startups

Want to stay ahead of competition and turn your weaknesses into strengths? If yes, then look no further.

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Global Payment
Global Business
Understanding Supply Chain Management: Challenges and Solutions

Global supply chain management is complicated, especially post pandemic. The pandemic has changed global supply chain management in many ways.

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Global Business
Global Payment
TranSwap's Global Account

Congratulations! You are thinking about taking your business to the next level. However, before expanding into a new international market, there are lots of challenges to consider, especially for SMEs and startups

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Global Payment
Digital Solutions
Global Business
TranSwap: Who are we?

TranSwap was founded in Singapore in 2015. It was established to transcend business banking and remove cross-border barriers...

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Digital Solutions
Global Business
Fintech
5 Company productivity tips for small businesses

Productivity is a measure of the efficiency and performance of your company in converting inputs to outputs...

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Fintech
Digital Solutions
5 Customer experience trends for small businesses in 2022

Maintaining and creating an ideal customer service experience is important as 80% of consumers feel more emotionally connected to brands that can help address and solve their problems...

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Global Business
SMEs: 5 Benefits of having a multi-currency global account

It can be a hassle for people to convert currencies whenever they want to make international transfers. With a multi-currency global account, be it for business or personal transactions, you can transfer money from a local currency to another with just a few clicks. Continue reading...

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Global Business
Fintech
SMEs: Growing internationally and its challenges

Globalisation, or internationalisation, opens up new business opportunities and allows SMEs to expand beyond their home market. However, while internationalisation is indeed a strategic imperative, it comes with a set of challenges. Open to read more...

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Global Payment
Global Business
SMEs: Tips to survive the pandemic

Many global small and medium-sized enterprises (SMEs) reported lower sales and high closure rates during the pandemic. However, 60% of SMEs are expected to grow revenue in 2021 despite the multiple challenges posed by the COVID-19 pandemic...

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2021
Business in a pandemic: What does this mean for SMEs?

Small businesses are integral parts of the local and global economy. However, the COVID-19 pandemic has affected small businesses around the world for over a year. A report has found that 24% of global SMEs were closed in February 2021 and 60% of them have made at least one change to the way they do business since the start of the pandemic. Open to read more...

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2021
TranSwap's CEO & Co-Founder on Conceiving the Big Idea & Keeping Its Success During the Pandemic

It’s not an everyday occurrence that a brilliant idea will present itself to you. In fact, more often than not, many big ideas are borne out of adversity. The same goes for how TranSwap became a reality.

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2021
Fintech
Global Business
Fintech and social sustainability

Social sustainability is an often overlooked aspect of sustainability. But it is all about understanding the impacts corporations have on society to measure human’s welfare...

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Fintech
Environmental sustainability in Fintech

A lot of progress has been made to study the relationship between Fintech and sustainability. It can be seen that Fintech acts as an alternative to traditional financial institutions...

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2021
Fintech
How to overcome financial difficulties as an international student

Studying overseas can give students a competitive edge. They get to explore new cities, learn new languages, create new opportunities and gain new experiences...

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Fintech
2021
Machine learning: Powering business growth

Machine learning is being widely used in different industries. Even in the Fintech sector, businesses are seeing an increase in the usage of machine learning in their business...

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2021
Digital Solutions
Digital payment is the future and here’s why

Ever since the pandemic, more and more people are embracing digital payment solutions. This is mainly because digital payments allow for more transparency...

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Global Payment
Fintech
Digital Solutions
National Day feature: Do you support local businesses?

Following the theme to this year’s National Day, “Together, Our Singapore Spirit”, discover the importance of supporting local business. Find out how shopping locally contributes to the local economy, community, and environment.

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2021
Global Business
Business scaling 101

Founders and CEOs of businesses tend to use the word “growing” and “scaling” interchangeably when they talk about expanding their businesses. While these two concepts might appear similar, they are completely different from one another. Find out the ins and outs of what it takes to scale your business...

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2021
Global Business
Digital Solutions
5 Ways to effectively manage a remote team

Like it or not, remote working is here to stay. And as a leader, you need to help the employees navigate through problems that could cause misunderstanding and setbacks in work. To do this, heavy communication is required to ensure that business runs smoothly.

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2021
Global Business
Digital Solutions
5 Things to consider before entering a global market

Before you expand your business on a global scale, you need to first understand the international market that you are dabbling into. It is vital to research the feasibility of your plan and what tools are required to execute it.

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Fintech
Global Business
Digital Solutions
Immigration Guide: 5 Tips to follow for a hassle-free move

Moving abroad comes with a variety of challenges when there is a lack of research and preparation. To avoid being overwhelmed with issues that can be time-consuming to resolve, follow these 5 tips for a hassle-free move!

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Currency
Global Business
2021
TranSwap partners with 361 Degree Consultancy: Propelling Growth in SMEs

TranSwap announces its partnership with a leading cloud integrator in Singapore, 361 Degree Consultancy. This partnership is aimed to provide more solutions and tools for SMEs to grow and globalise...

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Fintech
Global Business
Digital Solutions
Does national debt affect the currency exchange rate?

National debt erodes the value of a country’s currency. Without a systemic crisis plan set in motion, it will negatively impact investment performance, inflation, job markets and so on. It is crucial that we develop a solid understanding of the relationship between national debt and the currency exchange rate to come up with solutions.

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Fintech
Global Business
Currency
A look into SMEs vulnerability to post-pandemic restructuring

The global pandemic has dealt a huge blow to many small businesses. Although SMEs have received government fundings, not every small business could thrive. Small businesses are crucial to a country’s economy and they must find ways to survive not only for their sake but for their country as well.

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Global Business
Money Transfer
2021
Going Global: Five lessons to ensure a smooth transaction online

As exchanging money over the internet has become an everyday occurrence, there are still some downsides to cyberspace that we need to be aware of when it comes to transferring a large sum of money abroad online...

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Global Business
Money Transfer
What is your cash flow statement telling you?

A cash flow statement is one of the most useful markers of a business's status. It measures how well a company manages its cash position, which defines its ability to pay debts, fund existing operations and so on.

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Fintech
Global Payment
Budget 2021: TranSwap’s effort in supporting the Singapore government’s initiatives

The trajectory of the pandemic will determine the immediate trajectory of global economic recovery. As a small, open economy, Singapore’s economic recovery is contingent on how the global situation plays out...

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Fintech
2021
US Dollar: How it became the global currency

The US Dollar, also known as the greenback is the world’s most traded currency. Due to its global acceptance, general stability and wide usage, it’s safe to say that the United States has dominated the global market. But how did it happen? How did the US dollar become the global currency and subsequently, the world’s leading superpower?

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2021
Fintech
Global Payment
Currency
Singapore's 2021 economic forecasts: The good, the bad and everything in between

Many economists have predicted Singapore 2021 economic forecast to have a positive growth despite the impacts of COVID-19. Despite the overall growth, some sectors are not spared from the virus’ destruction.

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2021
Fintech
Global Business
What is money laundering?

Money laundering is a grave offence in Singapore, but what is money laundering and how do we combat it? Read more to find out...

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Global Business
Money Transfer
Currency
Chinese ancient currency: A time filled with sycee

The value of the Chinese currency spans over thousands of years, holding some of the world’s most valuable history. Before the all-familiar Yuan, silver sycees were a major form of currency in Chinese history.

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Fintech
Money Transfer
5 Tips to manage a global workforce this 2021

A global workforce provides many opportunities for an organisation such as reaching new customers and providing resources to interact with the audience in those markets. However, there are significant barriers and challenges companies have to overcome to establish an effective and productive international workforce…

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2021
Global Business
Digital Solutions
2020 Year in Review: All-new TranSwap

2020 has been a meaningful year for us at TranSwap. Despite the many hurdles thrown our way, we managed to break through barriers and achieve our goals. Here’s a glimpse of our achievements in the year 2020 and our goals for 2021

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2021
Global Business
Mistakes to avoid while transferring money overseas this Christmas

If you are looking forward to transferring money as a Christmas gift to your family who lives overseas during this holiday season, there are some pointers for you to look out for. If you fail to do so, you might risk missing the Christmas deadline or having to pay expensive exchange rates...

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Fintech
Money Transfer
Global Payment
Save more money with these cashback apps this Holiday

There is nothing wrong with spending a little extra during the holiday season. But if there is a way for you to save, then why not? Here are 5 cashback apps that can help you enjoy your Christmas shopping while keeping your bank account healthy...

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Fintech
2021
Currency
A whole new look for TranSwap

Introducing TranSwap’s brand new look with a user-friendly website and improved features. Read more to find out... Read more to find out... Read more to find out...

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Global Payment
Fintech
Money Transfer
The history of Foreign Exchange: Part 2

After the Plaza Accord, we will now move towards the formation of the European Union and the current forex exchange that we are familiar with. Open to read more...

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Global Payment
Money Transfer
Global Business
The history of Foreign Exchange: Part 1

Foreign exchange is one of the biggest and most accessible markets in the world. Read more to find out the history behind foreign exchange and how it has shaped the market...

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Global Payment
Money Transfer
Global Business
5 Ways to Save Cost

Without proper savings, trying to stay afloat amidst a pandemic sounds almost impossible. Here are ways to save costs and to recession-proof your finances. Open to read more...

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Fintech
2021
Currency
The impact of currency fluctuations on businesses

Currency fluctuations can severely impact your business. Regardless of your trade, it’s important to understand the effects of a fluctuating currency. Open to find out more...

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Money Transfer
Global Payment
Currency

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Transwap Technologies (UK) Ltd is authorised and regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011 the purposes of issuing electronic money and provide payment services. Firm Reference Number 963951.

TranSwap is regulated and licensed as a Major Payment Institution (License Number PS20200415) by the Monetary Authority of Singapore (MAS), as a Money Service Operator (License Number 16-07-01882) with the Hong Kong Customs and Excise Department (HKCED) and as a Fund Transfer Operator (License Number 21/248/Sr/3) by Bank Indonesia (BI). Our client funds are permanently held in our segregated accounts in leading global banks. This means our client funds do not form any part of TranSwap’s assets.

TranSwap is regulated and licensed as a Major Payment Institution (License Number PS20200415) by the Monetary Authority of Singapore (MAS), as a Money Service Operator (License Number 16-07-01882) with the Hong Kong Customs and Excise Department (HKCED) and as a Fund Transfer Operator (License Number 21/248/Sr/3) by Bank Indonesia (BI). Our client funds are permanently held in our segregated accounts in leading global banks. This means our client funds do not form any part of TranSwap’s assets.

TranSwap is regulated and licensed as a Major Payment Institution (License Number PS20200415) by the Monetary Authority of Singapore (MAS), as a Money Service Operator (License Number 16-07-01882) with the Hong Kong Customs and Excise Department (HKCED) and as a Fund Transfer Operator (License Number 21/248/Sr/3) by Bank Indonesia (BI). Our client funds are permanently held in our segregated accounts in leading global banks. This means our client funds do not form any part of TranSwap’s assets.

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