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Provider profile

UQPAY

Global Account

A Singapore payments platform with a multi-currency Global Account for businesses: named local receiving accounts in USD, EUR, GBP, SGD and AUD, FX from 0.25%, local transfers from $0.2 and SWIFT at $15 to $35, and Visa cards. The Basic plan is $0 a month and Pro $69. Signed up directly at app.uqpay.com; licensed in Singapore, the US, Hong Kong and Australia.

  • Singapore
  • Payment institution
  • Business account
  • Multi-currency
  • Visa cards

Regulated by

  • Monetary Authority of Singapore · SingaporeUQPAY Pte. Ltd.No. PS20200641
  • Monetary Authority of Singapore · SingaporeUQ Capital Management Pte. Ltd.No. CMS101336
  • FinCEN · United StatesUQPAY Inc.No. NMLS ID 2672177
  • Arkansas Securities Department · United StatesUQPAY Inc.
All 7 licences
  • Hong Kong Customs and Excise Department · Hong KongUQPAY LimitedNo. 25-11-03304
  • AUSTRAC · AustraliaUQPAY Pty Ltd
  • ASIC · AustraliaUQPAY Pty Ltd
Provider type
Payment institution group (Singapore, US, Hong Kong, Australia)
IBAN
Named local receiving accounts per currency (US account and routing numbers); no IBAN named
Payment rails
SWIFT, ACH, local transfers
Cards
Virtual and physical Visa cards
Safeguarding
Funds held with global financial partners
Non-residents
Not published
Remote opening
Yes
Support languages
Not published
Support channels
EmailWebsite live chat

Overview

UQPAY, at a glance.

UQPAY is a payment institution group (singapore, us, hong kong, australia) headquartered in Singapore, regulated by Monetary Authority of Singapore, FinCEN, Arkansas Securities Department and 3 other regulators. The company behind UQPAY is UQPAY Pte. Ltd. Business accounts cost $0 a month. Opening an account takes 3–5 days.

UQPAY is not a bank. Funds are held with unnamed global financial partners; UQPAY Pte. Ltd. is a MAS-licensed major payment institution. No deposit protection scheme is mentioned.

Why businesses pick UQPAY

  • Named local receiving accounts in USD, EUR, GBP, SGD and AUD
  • A $0 Basic plan and a $69 Pro plan
  • FX from 0.25% and local transfers from $0.2
  • Payouts in 54 currencies on Basic and 140 on Pro
  • Visa virtual and physical cards with cashback
  • Licensed in Singapore, the US, Hong Kong and Australia

Watch out for

  • Accepted countries, owner rules and the opening time are not published
  • SWIFT payments cost $15 to $35
  • Charities and non-profits need UQPAY's explicit consent
  • Casinos, lotteries and online gambling need approval; adult, illegal gambling and several other lines are prohibited
  • Trustpilot has no profile

Business fit

Will UQPAY accept your business?

Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.

Based on UQPAY's published rules

Needs review

UQPAY works with Cross-border e-commerce, but does not publish the countries it accepts companies from.

UQPAY does not publish a minimum company age or turnover, so those two answers are not checked here.

This is one provider. Your profile checks all of them.

  • Every provider that fits your business
  • The reason behind each match
  • Company age and turnover checked too
See all my matches

Who it works with

Accepted and not accepted.

What UQPAY publishes about the businesses it takes on.

Who UQPAY serves

  • E-commerce
  • Import and export
  • Marketplaces
  • Startups and SMEs
All 5 industries on UQPAY's accepted list
  • Cross-border e-commerce
  • Global brands
  • Trading companies
  • Multi-entity groups
  • Businesses paying overseas suppliers or employees

Not supported

Industries and countries UQPAY does not accept, from its own published lists.

Industries

  • adult entertainment and its affiliated services, inclusive of pornography, services of sexual nature (e.g. escort services, prostitution services), establishments that are sexually oriented and any form of advertising related to sexual services;
  • gambling services in regions where such activities are illegal or where gambling services are provided without the requisite permits or licenses;
  • counterfeit or unauthorised goods, products, or services that violate the intellectual property or proprietary rights of third parties;
  • manufacturing, sales, or supplies related to arms and weapons;
  • offering, facilitating, or otherwise engaging in activities constituting regulated financial services (as defined under applicable laws or regulations), whether directly or indirectly without a valid license, registration, or authorisation from the competent regulatory authority;
  • sale and/or distribution of any product or service without the essential permit or license as mandated by the governing authorities or statutory boards;
  • sale and/or distribution of products or services promoting or fostering discrimination based on race, gender, religion, nationality, disability, sexual orientation, or age;
  • activities associated with Ponzi/ Pyramid Scheme/ Multi-Level Marketing/ Telemarketing;
  • trade involving restricted and/or endangered animal species and products derived from them;
  • sale, distribution, and/or trade of cultural property, artefacts, or relics, including any items of archaeological, historical, and cultural significance, whether or not such activities are licensed of permitted under applicable laws;
  • transactions lacking genuine commercial intent, such as pooling funds among multiple parties or cashing out credit or stored value cards; or
  • any other businesses or transactions falling outside our risk tolerance as outlined by our internal policies, those of our banking partners, or participants within our payment network.

Countries

  • Not published

Coverage

Where can you use UQPAY?

Coverage is a starting point. It does not confirm that every business in these markets is eligible.

Supported currencies

Hold 5, pay out in 54 to 140

Hold and receive · 5 currencies
  • EUR
  • USD
  • GBP
  • AUD
  • SGD

54 payout currencies on Basic, 140 on Pro; the payout list is not published.

Payment reach

Not published

Who can apply

Company incorporation countries

Not published

Owner nationality

Not published

Owner residency

Not published

Company types

Not published

Pricing

What does UQPAY cost?

Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.

Account cost

Opening fee

Free

Monthly fee

$0–69

depends on plan

  • Basic

    Lowest cost

    $0 per month

    $0 setup · $0 in year one

  • Pro

    $69 per month

    $0 setup · $828 in year one

  • Enterprise

    Custom

Transaction fees

Transaction fees
CostListed amountHow it is charged
Outgoing
SWIFT / internationalFrom $15Fixed fee · $15 to $35 depending on SHA or OUR
Local transfer to another bankFrom $0.2Fixed fee

Other fees

Currency exchange (FX)

Currency exchange (FX)
CostListed amountHow it is charged
FX markupFrom 0.25%Percentage of the amount

Cards

Cards
CostListed amountHow it is charged
Virtual card issueNot published

Onboarding

From application to live account.

Opening an account typically takes three to five business days.

  1. 1

    Sign up

    Register at app.uqpay.com.

  2. 2

    Business verification

    Complete KYB in the web dashboard.

  3. 3

    Approval

    UQPAY reviews the application; no timeframe is published.

  4. 4

    Account live

    Open receiving accounts and order cards from the dashboard.

Documents you need

Not published

FAQ

Your questions, answered.

Is UQPAY a bank?

No. UQPAY Pte. Ltd. is a Major Payment Institution licensed by the Monetary Authority of Singapore (PS20200641), with group licences in the US, Hong Kong and Australia.

How much does UQPAY cost?

The Basic plan is $0 a month and Pro is $69 (first month free). Local transfers start at $0.2, SWIFT payments cost $15 to $35 and FX starts at 0.25%.

Which currencies can I hold?

USD, EUR, GBP, SGD and AUD, with payouts in 54 currencies on Basic and 140 on Pro.

Which businesses does UQPAY not accept?

Its list includes adult entertainment, illegal gambling and gambling without permits, and other restricted lines. Casinos, lotteries and online gambling need UQPAY's explicit approval.

Alternatives

How UQPAY compares.

If UQPAY is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.

UQPAY and similar providers
ProviderLicensed inKnown for
UQPAYThis pagePayment institution group (Singapore, US, Hong Kong, Australia)Multi-currencyVisa cards
AirwallexE-money institutionGlobal accountsOnline businesses
Wise BusinessE-money institutionLow FX costsStandard businesses
PayoneerE-money institutionMarketplace payoutsMass payments
EburyE-money institutionFX and hedgingInternational trade

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