Summary

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.

Features
9/15
See all

Must 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.'