International business payments
Global payments. Great rates. Made easy.
Save time and money on fast, secure global payments. Send in 30+ currencies to 180+ countries. Regulated by MAS, with competitive rates, low OFX fees, and local Singapore support to simplify your workflow.
OFX global payments are just better.
Send, receive, and track payments across borders. Less time. Less work. More cost-effective.
Better to pay like a local.
Our Global Business Account helps you reduce transaction fees. Get paid, hold and pay in 30+ foreign currencies. Pay like a local in SGD, USD, EUR, AUD, CAD, and GBP.
Better to pay in batches.
Group multiple payments to suppliers, then approve in one shot. Eliminate redundant busywork.
Better to be
certain.
Our confirmations actually confirm. We send your payee a notification the instant your payment goes through, branded with your colours and logo.
We’ve got FX solutions for sole proprietors.
One account to manage your global payments and gain more control.
Get paid like a local.
One account to hold funds in 30+ currencies. Get paid and pay like a local in SGD, USD, EUR, AUD, CAD, and GBP. Spend the currencies you hold in your Global Business Account with the OFX Corporate Card (coming soon) and skip the unnecessary foreign exchange fees.
Keep FX volatility at bay.
Use your revenue to pay suppliers in their local currency, creating a natural hedge against fluctuations. Keep more of your money and skip the unnecessary conversion costs, reducing your financial risk.
Stop. Doing. Busywork.
Consolidate your business payments into batches and bulk-approve them with a click. Your payees are auto-notified and the payments are synced with QuickBooks Online and Xero real-time.
Create your Global Business Account today
Start free today.
The savings last forever.
The one thing we can’t automate? You, clicking the get started button. You have nothing to lose and so much time and money to gain.
Batch transfers.
A fresh time-saver.
Convert thousands of payments into a single batch transfer. Approve multiple payments at once and consolidate dozens, even thousands of payments into a single batch. Replace individual transactions and bulk-approve in seconds.
Hyper-control your payments. Remain totally chill. Do both.
Now is the time to unify all your financial ops. Set up customised multi-layer approval workflows.
Automatically reduce invoice tampering with built-in checks for errors and duplicate payments, plus payee verification and controls. All while helping to reduce fraud and empower your team.
Your security is everything.
Our 25+ year business was built on secure global payments. We’re licensed by the Monetary Authority of Singapore (MAS) and ISO 27001 certified, with security experts in offices around the world.
One Global Business Account to do business like a local.
Ready to see OFX in action?
See how OFX can work for your business with a personalised demo with one of our Singapore-based specialists.
Payments & Transfers FAQs
How can my business benefit from OFX?
We help businesses make secure, fast international payments and more. With OFX, you can:
- Open multi-currency accounts to grow with your business.
- Receive and make payments in up to 30+ currencies or from 180+ countries.
Our team of specialists are also available 24/7 for technical support or to help you navigate the complexities of foreign exchange.
If your business is a sole proprietorship, you can open an OFX account but will be onboarded under OFX Personal accounts due to regulatory requirements.
What are the benefits of having multiple currency accounts for my business?
Having multiple currency accounts allows you to save money by converting your local currency to foreign currencies when the exchange rates are beneficial to you. You can hold those currencies in your account and choose when to use it at your convenience.
Plus, having multiple currency accounts allows you to receive payments or get paid in different foreign currencies quickly and seamlessly. The OFX Global Business Account allows you to do all the above in one platform.
What are the benefits of using batch payments for my business?
It’s easy to do batch payments with OFX. Simply upload a CSV file to your account. Instead of having to jump and toggle between software programs or apps, the approval workflow is exactly the same for international and domestic batch payments.
What is the benefit of having a multi-currency card for my businesses?
If you spend abroad or buy anything online in a foreign currency with a debit or credit card attached to a bank or financial institution, you could be charged an international transaction fee.
A dedicated corporate multi-currency card could help you save more with lower or no international transaction fees.
Our Corporate Card (coming soon) is directly linked to the currency accounts sitting within your OFX Global Business Account. This means that when you spend overseas or make an online purchase in a foreign currency, the payments can be made in the same currency as the merchant, without incurring international transaction fees.
Additional benefits of an OFX multi-currency card includes the ability to assign cards to employees and set spending limits for teams or projects, to prevent out of budget spending.
Is it compatible with Xero and QuickBooks Online?
Yes. You can connect your payments to Xero and QuickBooks Online through the OFX Global Business Account. This integration will push your payments made from Xero and QuickBooks Online. To connect your account to Xero and QuickBooks Online, simply follow the steps below:
- Log in to your OFX Global Business Account.
- Click on “Setup” from the left sidebar menu.
- Click on “Integrations” from the dropdown menu.
- Click toggle to connect to Xero and QuickBooks Online.
- Read the acknowledgment and confirm.
- Follow the on-screen instructions to authorise the integration with Xero and QuickBooks Online.
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