Jointly driving financial inclusion in Southeast Asia

5 Things You Should Know About Xfers

Xfers is a regulated provider of e-payment solutions
Xfers is a regulated provider of e-money and e-payment services in Singapore, offering flexible payment products and solutions for personal and business needs. In January 2019, Xfers became one of the very few digital wallet providers to receive a Widely Accepted Stored Value Facility (WASVF) approval from the Monetary Authority of Singapore (MAS).
Xfers' vision
The company's larger vision is digital financial inclusion, a goal which Zilliqa shares. With a Zilliqa blockchain-powered solution, Xfers can help drive equal opportunities and cost-saving solutions for digital businesses looking to set-up in the region.
Xfers' stablecoin pilot 'StraitsX' is a step forward in realising this vision
Xfers is launching StraitsX, its pilot stablecoin initiative powered by Zilliqa. They have kicked off this project with XSGD, a token pegged 1:1 to the Singapore Dollar. Xfers will leverage Zilliqa's smart contract capabilities to remove friction in payments and provide greater transparency for all transactions.
Xfers is the payment provider-of-choice for industry bigwigs
Xfers' StraitsX initiative will be supported by a number of notable companies in the crypto and fintech ecosystem - including Binance Singapore, Coinhako, Coinut, Sparrow, Tokenize Xchange, and Wowoo Exchange.
Xfers offers new horizons
This collaboration marks our foray into the payments space, where we will be able to observe the impact that blockchain architecture can have on overall business efficiency and user experience.
Xfers in numbers
Xfers has over 1 million users across Singapore and Indonesia. Clients include Tunaikita, Julo, Payfazz, and Binance Singapore.
Xfers is 1 of only 6 entities to receive a WASVF approval from the MAS.
Xfers has processed over 260 million USD across Singapore and Indonesia in 2018 alone.
Xfers and Zilliqa in the news
© 2020 Zilliqa Research Pte. Ltd.
© 2020 Zilliqa Research Pte. Ltd.