Wallex
wallex.asiaSummary
Wallex is a cross-border payments platform primarily for businesses, offering international money transfers, multi-currency accounts, and foreign exchange services. It focuses on providing competitive exchange rates and transparent fees for global transactions, along with features like bulk payments and API integration.
Features9/15
See allMust Have
4 of 5
Mid-Market Exchange Rate Transfers
Transparent Low Fees
Multi-Currency Account
Fast Transfer Execution
Borderless Debit Card
Other
5 of 10
Batch Payments
API Integration
Business Account Features
Regulatory Compliance
Customer Support
Real-Time Rate Alerts
Invoice Creation
Spending Analytics
Mobile App
Multi-User Access
Rationale
Wallex explicitly states it offers 'near mid-market FX rates' and 'zero hidden fees,' directly matching the 'Mid-Market Exchange Rate Transfers' and 'Transparent Low Fees' must-have features. It also provides a 'Multi-currency Wallet' to hold and manage multiple currencies, fulfilling the 'Multi-Currency Account' must-have. The website mentions 'same-day payments' and 'under an hour' processing for certain currencies, indicating 'Fast Transfer Execution.' Furthermore, Wallex offers 'bulk payments' for up to 200 beneficiaries, an 'API Integration' for fintech ecosystems, and 'business-friendly features' for managing international payments. They also highlight 'round-the-clock support from dedicated, local account managers' and are 'licensed and regulated' in multiple Asian financial markets, covering 'Customer Support' and 'Regulatory Compliance.'
