Open Banking in

We have navigated the banking and regulatory landscape in this region, so that you can focus on your core business. Using our APIs, get plugged into our infrastructure of last-mile financial services to access the underbanked in this region.

New Introducing Xfers Dash! Easy transfers to any bank accountFree fund transfers of IDR 1.000.000 for early access, click here to learn more!
Xfers is a Major Payment Institution approved by the Monetary Authority of Singapore for the provision of e-money issuance services

Xfers’ Open Banking Platform

  • image Payments

    Multiple local payment methods streamlined into a single API.

    Build on top of our API to gain access to popular local payment methods – to enable the acceptance and disbursements of funds.

    • Easy setup and API integration
    • Available for SGD and IDR
    • Real-time and clean reconciliation of transactions
    • Customizable for disbursements, E-commerce, lending and marketplaces
    Contact us to learn more about payments
  • image Financing

    With every step you take, Xfers’ Financing will be alongside with you.

    Issue and service loans through our developer-friendly APIs. We enable loans to be disbursed directly to users upon origination, as well as to have direct reconciliation during repayments. Say goodbye to operational headaches and hello to a streamlined loan process.

    We enable fast access and flexible funding for:

    • Better cash-flow and working capital
    • Expansion of team and markets
    • Stocking up on new inventory and/or investments into new forays
    Let’s talk to see how we can help streamline your fund flows
  • image Card Issuance

    Launch your own branded debit cards and make a mark.

    Xfers Cards enables businesses to issue co-branded debit cards to their userbase. Cut through all the months of paperwork and lean on our card issuing platform to launch and scale up your card programme.

    • Hassle-free virtual cards
    • Clean reconciliation of transactions
    • Grow your customer’s loyalty with loyalty points initiatives
    Keen to issue your own cards? Contact us
  • image Identity

    Verify your users’ identity without compromising on experience.

    Tap on our KYC capabilities and let us do the hard work of verifying parties involved in the transaction. Letting your users have a pleasant and quick verification process is our priority.

    • Quick and simple identity authentication
    • Seamless customer experience
    • Industry-standard AML compliance checks powered by global databases
    • Safe and secure document validation
    • On-going risk assessment and monitoring
    • Integrated with government identity solutions (MyInfo, Dukcapil)
  • image Stablecoin

    The future of money is open, frictionless and transparent.

    StraitsX is the stablecoin initiative for Southeast Asia. Our first native token XSGD is now available to partner merchants.

    • Denominated in Singapore Dollar ( 1 XSGD = 1 SGD)
    • Fully backed one-for-one with fiat held in Xfers’ segregated client account
    • Audited by reputable independent third party auditors
    • Free of charge issuance and redemption
    • Running as a ZRC2 smart contract on the Zilliqa high-throughput blockchain
    To learn more, visit the StraitsX page

How we’ve helped others

Our vision is to create the trusted,
digital financial ecosystem in Southeast Asia.

  • Founded in
  • Regional offices
    in 3 locations
  • >10 million
    active monthly users
  • USD 150 million
    monthly transactions

Founded in 2015, Xfers is Southeast Asia’s leading Fintech platform for digital businesses. It’s been our focus to provide the last-mile financial access to the rising digital economy in our region. Traditional banking and regulatory compliance processing are now streamlined to our suite of APIs.

In 2020, Xfers obtained the Major Payment Institution license for e-money issuance from the Monetary Authority of Singapore under the new Payment Services Act and is one out of only four to do so in Singapore.

Our Partners

Interested to learn how we can help you expand your financial products into Singapore and Indonesia?