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Multi-currency Virtual Accounts

Collect from customers and pay your business partners globally.

Receive in 12 currencies - SGD instantly via FAST and PayNow from local or overseas partners, USD and EUR via SWIFT - all in the same dashboard as your local and cross-border customer payments.

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No monthly fees · No setup fees · Approval in 1–3 business days

USED BY SINGAPORE BUSINESSES COLLECTING FROM LOCAL AND OVERSEAS COUNTERPARTIES

Receive Business Payments Locally and Globally

From Jurong exporters receiving USD from US distributors, to businesses collecting SGD via FAST from local Singapore partners - HitPay’s multi-currency virtual account handles every business receivable, local or overseas.

UNIFIED RECEIVABLES

Collect from your customers, local partners, and overseas clients - in one account

Singapore SMEs with B2B relationships often run two separate platforms - a payment processor for customer payments, and a standalone account for receiving transfers from partners. HitPay eliminates this split. The same account that accepts local and cross-border card payments and PayNow from customers also receives SGD FAST from local Singapore business partners and SWIFT wire transfers from overseas clients in 12 currencies.

C2B - local and cross-border cards, PayNow, GrabPay, ShopeePay, payment links

B2B - SGD via FAST/PayNow from local partners + SWIFT in 12 currencies from overseas

One dashboard, one ledger, one reconciliation export - no manual matching

Xero and QuickBooks sync covers both C2B and B2B transactions

For your business receivables, invoice payments, and B2B transfers

Get Started with HitPay

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UNIFIED RECEIVABLES

Collect from your customers, local partners, and overseas clients - in one account

C2B - local and cross-border cards, PayNow, GrabPay, ShopeePay, payment links

B2B - SGD via FAST/PayNow from local partners + SWIFT in 12 currencies from overseas

One dashboard, one ledger, one reconciliation export - no manual matching

Xero and QuickBooks sync covers both C2B and B2B transactions

For your business receivables, invoice payments, and B2B transfers

Get Started with HitPay

→

Industry-Leading Bank

Your funds sit at an established financial institution - not a freeze-prone EMI fintech wallet

The most common concern about fintech multi-currency accounts is fund availability - stories of frozen balances, delayed access, and no human to call are the most-cited negative reviews for major EMI-backed providers. HitPay’s virtual account is built on regulated banking infrastructure, so funds are held securely and kept separate from pooled e-money floats. The account is issued in the business’s own name with bank-grade controls behind every receipt.

Backed by Singapore's largest bank, not an EMI licence

Own-name account - funds are yours, not pooled with other businesses

Full banking recourse - the #1 gap in competitor accounts

MAS-licensed HitPay (PS20200643)

Create Your Free HitPay Account Now

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Industry-Leading Bank

Your funds sit at an established financial institution - not a freeze-prone EMI fintech wallet

Backed by Singapore's largest bank, not an EMI licence

Own-name account - funds are yours, not pooled with other businesses

Full banking recourse - the #1 gap in competitor accounts

MAS-licensed HitPay (PS20200643)

Create Your Free HitPay Account Now

→

12 CURRENCIES

Receive in 12 currencies - SGD arrives instantly via FAST

HitPay’s multi-currency virtual account supports receiving in 12 currencies, with SGD as the only fully local instant rail - payments from local Singapore senders arrive in real time via FAST or PayNow. USD, EUR, GBP, AUD, HKD, and other supported currencies arrive via SWIFT within 1–3 business days. Singapore businesses share their unique account number and SWIFT/BIC details with counterparties, who initiate a standard bank transfer.

SGD - instant via FAST/PayNow from local and overseas SGD senders · S$0.50/receipt

USD · EUR · GBP · AUD · HKD - via SWIFT · free inbound (AUD: A$3.00/receipt)

Convert to SGD at 1% over interbank mid-rate - or hold in foreign currency

Create Your Virtual Account on HitPay Today

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12 CURRENCIES

Receive in 12 currencies - SGD arrives instantly via FAST

SGD - instant via FAST/PayNow from local and overseas SGD senders · S$0.50/receipt

USD · EUR · GBP · AUD · HKD - via SWIFT · free inbound (AUD: A$3.00/receipt)

Convert to SGD at 1% over interbank mid-rate - or hold in foreign currency

Create Your Virtual Account on HitPay Today

→

ZERO NEW VENDOR

Already a HitPay merchant? Activate multi-currency receiving in your existing account

Existing HitPay merchants - already using the platform for card, PayNow, e-wallet, or payment link transactions - can activate multi-currency business receiving from their current dashboard without a new vendor relationship, a second KYB process, or additional hardware. New businesses sign up once, complete standard ACRA-based KYB (typically 1–3 business days), and gain access to both C2B payment tools and the multi-currency virtual account simultaneously.

Existing HitPay merchants - activate from dashboard, no new KYB

New businesses - one sign-up, one ACRA UEN, both products unlocked

Zero hardware - account details shared digitally with payers

SGD 0 monthly fees - pay only when you collect (SGD: S$0.50 per receipt)

Get Started with Multi-currency Virtual Accounts Now

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ZERO NEW VENDOR

Already a HitPay merchant? Activate multi-currency receiving in your existing account

Existing HitPay merchants - activate from dashboard, no new KYB

New businesses - one sign-up, one ACRA UEN, both products unlocked

Zero hardware - account details shared digitally with payers

SGD 0 monthly fees - pay only when you collect (SGD: S$0.50 per receipt)

Get Started with Multi-currency Virtual Accounts Now

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THE HITPAY DIFFERENCE

The platform where customer payments and business receivables meet

Most multi-currency platforms handle international transfers. HitPay also collects from your customers locally and cross-border, and from local partners via FAST

What matters

Other multi-currency platforms

HitPay

Collect from customers (C2B)

Cards only / limited

Cards, PayNow, wallets, links, POS

Local SGD via FAST/PayNow

✕ No

Real-time - local & overseas SGD senders

Overseas SWIFT receiving

✓ Yes

Own-name account

Currencies receivable

30–60+ (FX specialists)

SGD, USD, EUR, GBP, AUD, HKD, CNH, CAD, NZD, NOK, SEK, CHF

Backed by

EMI licence

Regulated banking infrastructure

Own-name account

◐ Varies - some pooled

Always own-name

FX markup

0.5–3.5%

1.0% fixed over interbank mid-rate

Monthly fees

Varies by provider

SGD 0 - no monthly fees

HitPay is the platform where your customers, local business partners, and overseas clients all pay into - with one ledger and one reconciliation export.

WHAT MATTERS

OTHER MULTI-CURRENCY PLATFORMS

HITPAY

Collect from customers (C2B)

Cards only / limited

Cards, PayNow, wallets, links, POS

Local SGD via FAST/PayNow

× No

Real-time - local & overseas SGD senders

Overseas SWIFT receiving

✓ Yes

Own-name account

Currencies receivable

30–60+ (FX specialists)

SGD, USD, EUR, GBP, AUD, HKD, CNH, CAD, NZD, NOK, SEK, CHF

Backed by

EMI licence

Regulated banking infrastructure

Own-name account

◐ Varies - some pooled

Always own-name

FX markup

0.5–3.5%

1.0% fixed over interbank mid-rate

Monthly fees

Varies by provider

SGD 0 - no monthly fees

HitPay is the platform where your customers, local business partners, and overseas clients all pay into - with one ledger and one reconciliation export.

SGD 0

Monthly account fees

Currencies receivable

1–3

Business days to approval

"We were running HitPay for retail customers and a separate Wise account to collect from our US and European distributors. Switching everything to HitPay's virtual account meant our USD wires and our PayNow receipts finally sat in one dashboard."

Ng Wei Ling

Finance Director, Arcanum Trading Pte. Ltd. · Singapore

Everything your global receivables need

From SGD instant receipts via FAST from local partners to SWIFT wires from overseas - one platform, one account.

SGD instant via FAST & PayNow

Local Singapore business partners and customers send SGD via FAST or PayNow - funds arrive in real time. S$0.50 per receipt.

Bank-grade security

Funds held securely - not a pooled e-money float. Own-name account with regulated banking infrastructure. Reduced freeze risk.

Unified C2B + B2B ledger

Customer card and PayNow receipts appear alongside local SGD FAST and overseas SWIFT wires in one transaction list - one export.

Xero & QuickBooks sync

Every SWIFT receipt and customer PayNow transaction syncs automatically to Xero or QuickBooks with GST categorisation.

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Launch a full-featured online store with built-in checkout and 50+ payment methods.

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Frequently Asked Questions

What is HitPay's multi-currency virtual account and how does it work?

A multi-currency virtual account that allows Singapore businesses to collect in 12 currencies from local and overseas business partners. SGD transfers from local Singapore senders arrive in real time via FAST and PayNow. Other currencies arrive via SWIFT. All funds appear in the same dashboard as your customer payments.

Which currencies can a Singapore business receive through HitPay's virtual account?

12 currencies. SGD is instant via FAST or PayNow. USD, EUR, GBP, AUD, HKD, and other supported currencies arrive via SWIFT within 1–3 business days. Local EUR, GBP, and AUD rails via SEPA, Faster Payments, and NPP are in development.

How long does it take for SGD payments to arrive in a HitPay virtual account?

SGD transfers from Singapore senders arrive in real time when sent via FAST or PayNow. GIRO settles within one business day. USD, EUR, GBP, AUD, and other foreign currencies arrive via SWIFT within 1–3 business days.

How does HitPay's virtual account differ from other multi-currency platforms?

HitPay unifies C2B payments - cards, PayNow, GrabPay, QR - with B2B virtual account receiving in one dashboard. It also accepts SGD FAST from local business partners. No competitor combines all three.

Is money held in HitPay's virtual account safe?

Funds are held at a leading financial institution - Singapore's largest bank by assets. Each account is issued in the business's own name, not held in a pooled float.

Can a Singapore business receive USD payments from overseas clients?

Yes - via SWIFT wire transfer into their HitPay multi-currency virtual account. USD funds arrive within 1–3 business days. HitPay is developing local USD receiving via ACH and Fedwire - not yet available.

What FX conversion rate does HitPay charge on the virtual account?

HitPay charges a 1% markup over the interbank mid-rate. Most inbound receipts carry no fee. SGD via FAST/PayNow costs S$0.50 per receipt; AUD costs A$3.00. No monthly or setup fees.

Does a business need to open a new account to use HitPay's virtual account?

No. Multi-currency receiving is available inside an existing HitPay account. Businesses already using HitPay for card, PayNow, or e-wallet payments activate from their existing dashboard - no new KYB process.

What types of Singapore businesses can open a HitPay virtual account?

Singapore-registered businesses and sole proprietors: private limited companies, LLPs, sole proprietors, and ACRA-registered partnerships. Common users include exporters, professional service firms, digital agencies, SaaS companies, and wholesale distributors.

How does HitPay reconcile customer payments and business receivables together?

All payment types - local and cross-border customer card, PayNow, e-wallet, local SGD FAST from partners, and overseas SWIFT receipts - appear in a unified ledger. Export a single CSV or sync to Xero/QuickBooks.

What documents are needed to open a HitPay virtual account in Singapore?

ACRA UEN, the company director's NRIC or passport, and a valid Singapore business bank account. Sign-up is fully online; approval typically takes 1–3 business days. No setup fees.

What currencies will HitPay's virtual account add local rail support for?

EUR via SEPA, GBP via Faster Payments, AUD via NPP, and PHP via InstaPay/PESONet are in development. Local USD via ACH and Fedwire is also in active development. No specific dates have been announced.

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