Open a IDR Business Account from Singapore
Receive, hold and send IDR globally with a dedicated IDR business account. Streamline payments to suppliers or employees globally and save on unnecessary conversion fees.
“Enables businesses to manage cross-border payments easily and cheaply”
“Massively simplifies the challenge of doing business overseas”
“Tencent-Backed Airwallex retains $5.5 billion value in funding”
“Payment startup Airwallex secures another US$100m in Series E extension”
Regulated by MAS
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541)
The fastest way to open an IDR business account
Reduce payment friction for your Indonesian customers
Receive payment from your customers in Indonesia directly into the Airwallex IDR business account without incurring any international transaction or unnecessary conversion fees. Transfer payments to suppliers or contractors in IDR for free.
Accept and payout funds in multiple currencies
Expand into new markets easily by opening foreign currency accounts in 11 different currencies.
Improve your profit margins
Spend less when bringing back funds. Convert and withdraw in seconds with access to our interbank FX rates, with no transaction fees for local payments.
Open an IDR account online in Singapore
Save time opening by a IDR account online
Avoid excessive queues and paperwork. Open an Indonesian Rupiah (IDR) account online, without the need to visit a bank branch.
Set up a IDR account in seconds
Save time by opening local accounts online in seconds and start receiving local currency payments like IDR, immediately.
No sign-up fees and zero monthly account fees
Spend less on fees and more on growth. Our global accounts are fee-free to open and manage. Just pay a small fee when converting funds back to SGD.
How do IDR accounts work?
You're issued an account number
Share these details on invoices, payment information and integrate with apps like Shopify, Amazon, Lazada and Shopee.
Receive payments globally in IDR
Use it just like a IDR business account. Get paid via direct bank transfer.
Withdraw in your local currency
Convert your IDR into SGD immediately, using our interbank FX rate.
Pay suppliers and staff in IDR
Hold IDR in your IDR business account and pay out via direct deposit, with no conversion fees.
Manage your business finances from a single platform
Integrate with global online marketplaces
Seamlessly integrate with global platforms like Shopify, Amazon, Lazada and Shopee (coming soon). Accept payments in local currencies.
Integrate with our API suite
Streamline your global financial operations with our best-in-class APIs. Integrate our payment capabilities into your business' workflows.
Pay via Borderless Cards
Issue virtual debit cards and use them to pay in foreign currencies using funds in your wallet.
Xero Integration
Make bookkeeping a breeze
Seamlessly integrate your Airwallex account with Xero for easy payment reconciliation.
Quick and easy integration
Link your Airwallex and Xero accounts in just a few clicks.
Multi-currency transaction syncing
Sync your multi-currency Airwallex transactions to Xero, including who made the transaction and where.
Syncs hourly
Ensure your Xero transaction records are up to date for your accountant or bookkeeper.
Open multiple foreign currency accounts, with no monthly fees
Hear what our customers say about Airwallex
“Singapore is a small market. Businesses who wish to make decent earnings have to export to other markets, at some point. Airwallex has accelerated our international expansion and enabled us to set up new overseas business accounts very easily.”
Emily Chu
Co-founder of Hey! Chips
"Airwallex is an innovative fintech platform with a first-class customer support team. They transformed the previously painful process of creating corporate cards and managing business accounts into something simple, convenient, and cost-effective. The onboarding was quick and smooth, the security features exceeded our expectations, and most importantly, it is really easy to use. Airwallex saves a lot of my team's time and the simplicity is genius."
Gavin Black
Interim CEO & Chief Financial Officer, PURE Group
“The new Expense Management system has been a real time saver for us in relation to the administration of our benefits program. Team members can upload receipts as they shop and we are able to clear our reconciliations much faster this way.”
Tanya Karolia
Payroll & Benefits, Linktree
I’m so thankful that Airwallex exists! Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank. We save so much money with Airwallex! In just a few months, we've already saved more than SGD$13,000 in unnecessary fees!
Jennifer Chong
CEO, Linjer
"Airwallex has been a wonderful partner, supporting our FX needs with its highly digital, friendly user interface and responsive account managers.
Martin Tang
Co-Founder & CFO, Genesis
"Airwallex has been a game changer for all our banking needs. As a fast-growing startup, we need a scalable yet cost-efficient batch payment solution to pay our employees and vendors both inside and outside Hong Kong. Airwallex helps us save money on every bank transfer with their near-zero transaction fee and market-beating FX rates. We also use Airwallex’s multi-currency Visa cards for business travel expenses and SaaS subscriptions to avoid hidden bank fees that would otherwise have been difficult to spot. Would highly recommend other startups to get started with Airwallex!"
Henson Tsai
Founder, SleekFlow
"Airwallex's global payment solutions help us to save costs on international transaction fees & FX, fostering our mission to increase access to healthy period care that's better for our bodies and the planet."
Becks Bradley
Marketing and Development Director, LUÜNA naturals
"Airwallex has been great for our team - it makes payments and transfers so much easier, and has saved us significant amounts of time compared to what we were doing before with HSBC. Airwallex's platform is easy to use and very intuitive. Airwallex virtual card has solved most of our painpoints with sharing corporate card numbers and credit card limits. The best part is being able to save money on all our monthly bank transfers, and we've already saved thousands of dollars by using Airwallex. Airwallex's support has also been highly responsive to troubleshoot any issues in a timely manner."
Sarah Chang
Co-founder & COO, Forkast.News
Security is at our core
Protected
We work with world-class security providers to ensure your funds and accounts are secure at all times.
Highest standards
Airwallex meets the highest international security standards including PCI DSS, SOC1, and SOC2 compliance, in addition to our local regulatory requirements.
Security first
Our modern infrastructure allows us to implement best-in-class security controls which are monitored 24/7 to keep your account safe.
Compliant
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541).
You don't need a bank to run your business
Start winning new markets today. Open an account in minutes, and join thousands of businesses already using Airwallex to streamline their finances globally.