Collect locally.
Hold across 30+ currencies.
Open local virtual accounts in Singapore, Hong Kong, the UK, and more. Collect from buyers in their local currency, hold funds without forced conversion, and pay out when you choose.
Features
One platform to collect, hold, and move money across 30+ currencies
Open local accounts in your target markets, hold funds in any currency, and move money without waiting for rates to turn against you.
Open bank accounts in Singapore, Hong Kong, the UK, and more. Your buyers send to a local account number in their own currency.
Keep balances in 30+ currencies inside one account. Convert any of them on demand, or hold until the rate suits your business.
See the exact mid-market rate before any conversion. We charge a flat fee so you know what each exchange will cost.
Incoming payments route to the right currency wallet automatically. Set your routing rules once — we handle every payment after that.
See all your currency balances in one place, updated in real time. Export by currency, date, or transaction type for your finance team.
Move funds from any wallet to bank accounts or mobile wallets in 100+ countries. Payouts settle the same day in most supported markets.
Why it matters
Stop losing margin to forced FX conversion
Most banks convert your incoming payments immediately. By the time you reconcile, you've already paid whatever rate they chose for you.
Your bank decides when and how you convert
Funds arrive in your home currency automatically. You never see the spread. You convert at the bank's rate on their schedule, not yours.
You decide when and at what rate you convert
Funds land in your SGD wallet. You see the mid-market rate, confirm when ready, and pay a flat fee — no hidden spread, no timing surprise.
Local accounts
Open accounts where your buyers actually pay
We support local virtual accounts in key markets across Asia, Europe, and beyond. New markets are added regularly.
Connect in days, not months
Our REST API gives you full control over account management, fund routing, balance queries, and payouts. Most integrations go live within a week.
Security and compliance
Built to pass your risk team's review
Every account and fund movement is covered by the same compliance stack we built for enterprise payment infrastructure.
The highest certification for payment data security. We handle sensitive data so your systems never need to touch it.
Your funds are held in segregated accounts and never commingled with our operational capital or other clients' balances.
Every inflow and outflow is monitored against AML rules in real time. Suspicious patterns trigger an automated review before funds move.
Licensed as a Money Services Business in Canada. Our registration is publicly verifiable in the FINTRAC registry.
Use cases
Who holds funds in multiple currencies
From eCommerce sellers to treasury teams, here are three ways businesses use the Global Collection Account.
Your store is outside Asia but your customers are in Thailand, Vietnam, and Indonesia. Market Pay gives you a local account in each market without you registering a company there.
Your SaaS charges monthly in USD, but your fastest-growing segment is in Southeast Asia. Collect in local currencies, hold in your chosen mix, and convert only when it makes financial sense.
When you hold funds in the currency your buyers paid in, you decide when to convert. Avoid the spread and the risk of converting at a bad rate just because your bank forces you to.
Frequently asked questions
Questions we hear before sign-up
If yours isn't here, our team replies within one business day.
We support 30+ currencies including USD, EUR, GBP, SGD, HKD, AUD, JPY, CNH, INR, MYR, THB, IDR, PHP, and VND. New currencies are added regularly. Contact our team to ask about a currency not listed here.
Once your Market Pay account is approved, request a local virtual account from your dashboard. We support accounts in Singapore, Hong Kong, the UK, Australia, and more. Approval typically takes one to two business days.
No minimum balance is required. You can hold any amount in any supported currency. We do not charge monthly account fees or inactivity fees on collection accounts.
You initiate a conversion through your dashboard or via the API. We show you the mid-market rate plus our flat fee before you confirm. We never convert funds automatically without your instruction — you always decide when and how much to exchange.
Incoming international wires typically arrive within one business day. Payments made through the Market Pay payment gateway settle to your collection account same day. Local bank transfers in supported markets often clear within hours.
Yes. Initiate payouts to bank accounts or mobile wallets in 100+ countries directly from any currency wallet. Payments settle same day in most markets and are tracked in your dashboard with full audit trails.
Partners & investors
Backed by institutions that know payments
Market Pay is supported by strategic investors and card network partners with decades of experience in cross-border finance.
Start collecting in 30+ currencies
Open local accounts across Asia and beyond. Hold funds on your terms. Move money when the rate works for your business.