?? Looking Back at 2024: Milestones, Momentum, and More ??

?? Founder's Note

As we wrap up another year, it’s hard to believe how quickly 2024 has flown by. In the midst of the festivities, it's worth taking a moment to pause, reflect, and celebrate the journey thus far. This year has been filled with remarkable milestones—both big and small—and I’m thrilled to share some of the highlights with you.?

One of the most transformative developments this year has been the continued acceleration of GenAI and the immense possibilities it brings to enhance our solutions. We've made substantial investments in leveraging these cutting-edge capabilities to enhance our offerings to address inefficiencies in KYC and AML processes, as well as to elevate the onboarding experience.?

Your feedback has also been instrumental in driving improvements to our platform. From our revamped platform UI to enhanced rail corridors, we’ve made great strides to provide you with an even better experience. These advancements mark just the beginning of what’s to come.?

Another significant achievement this year was cementing our integration with M-DAQ Global, through our official name change to M-DAQ Payment Solutions Pte. Ltd. In addition, the launch of Wallex in the Malaysian market, following M-DAQ Global's expansion into Malaysia, has strengthened our regional presence, allowing us to support your business growth on a broader scale.?

As we celebrate these successes, we want to extend our heartfelt gratitude to you—your trust and collaboration have been pivotal to our journey, and we’re deeply committed to continue building on this momentum in the next year.?

Here’s to a 2025 filled with exciting opportunities, shared growth, and even greater success!?

Onward and upward,

Hiro Kiga

?? OUT NOW: Syfe Earn | Get up to 2.5% returns

Syfe Earn has officially launched! Maximise the potential of your Wallex Wallet funds with Syfe Earn.

This new feature lets you earn up to 2.5% returns on idle funds, seamlessly integrated into the platform. With Syfe Earn, you can enjoy greater flexibility in cash management, transforming unused balances into a steady, low-risk source of income.?

?? Product Trivia: SWIFT or Local, The Choice is Yours!

We're thrilled to announce the?launch of local payment channels for Japan, offering you even greater flexibility in routing your international payments.?

Here’s a quick recap of the two ways you can make cross-border payments and what they are ideal for:?

?? SWIFT Transfers? SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the largest and most efficient network for international fund transfers. It serves as a standardised messaging system that enables financial institutions to securely exchange payment instructions between bank accounts worldwide.?

SWIFT is ideal when you require higher payment limits, need end-to-end tracking with MT103 receipts, and/or aim to reach countries not supported by local transfer channels.?Additionally, some organisations mandate the use of SWIFT for all international transfers to meet regulatory compliance requirements.?

?? Local Payment Channels? Unlike SWIFT, local transfer channels bypass large intermediary banks, relying instead on direct transfers between individual bank accounts. These transfers are facilitated through networks such as ACH (Automated Clearing House), Global ACH, or eCheck.?

Local transfers are most effective when handling smaller payment amounts, prioritising cost efficiency, and require faster processing times.?

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