OFX Singapore Pte. Limited (UEN: 201317103N) (trading as OFX) is licensed as a Payment Service Provider issued by the Monetary Authority of Singapore (“MAS”) to operate as a Major Payment Institution to conduct Cross-border money Transfer Services (licence no. PS20200277).
Payment services are regulated in Singapore by the MAS. You should not deal with a Payment Service Provider that cannot demonstrate they are fully regulated. You can visit the MAS website to learn more about the regulatory environment in Singapore and what it means for your protection and consumer rights.
NOTICE TO CUSTOMERS: OFX is licensed by the Monetary Authority of Singapore to carry out cross-border money transfer services and is an exempt payment service provider in relation to domestic transfer services, e-money and account issuance services. Please note that this does not mean you will be able to recover all the money you paid to OFX if OFX’s business fails.