M-DAQ Global Pte. Ltd. (“M-DAQ Global”), a  Singapore-headquartered fintech group specialising in cross-border foreign exchange  (FX) and payments solutions, announced today the launch of its Wallex solution for  businesses in Malaysia. This development follows the establishment of MDAQ  Malaysia Sdn. Bhd., with the recent acquisition of Malaysia-licensed B2B payments  service provider Easy Pay Transfers Sdn. Bhd..

Businesses in Malaysia face significant challenges with cross-border transactions,  including high costs, complex compliance requirements, and exposure to fluctuating  FX rates. With over 40,000 clients and a deep expertise in ASEAN currency corridors,  Wallex is designed as a comprehensive solution that simplifies cross-border payments  and FX conversion, tailored to meet the diverse needs of businesses operating  internationally. 

Businesses in Malaysia from small- and medium-sized enterprises (SMEs) to large corporates can now streamline their cross-border payments, mitigate costs, manage  FX risks effectively, while ensuring secure and compliant transactions. 

"M-DAQ Global is excited to introduce Wallex to the Malaysian market as part of our  commitment to driving business success in a globalised market," said Reynels Lee,  Head of Malaysia at M-DAQ Global who oversees the business of MDAQ Malaysia  Sdn. Bhd., "This launch strengthens our regional presence with a local office to  empower Malaysian businesses with a robust solution to tackle international payment  challenges and fuel global growth.” 

"With Wallex now available in Malaysia, we’re expanding our capabilities across  regional currency corridors to directly benefit local businesses. Our platform will help Malaysian companies simplify cross-border transactions with greater speed, support,

and savings," said Hiro Kiga, General Manager of Payments and Co-founder of  Wallex at M-DAQ Global, "Having a local presence allows us to tailor our solutions to  the specific needs of Malaysian businesses, supporting their growth and success in  the global market.” 

As M-DAQ Global strengthens its foothold in Malaysia, it remains dedicated to  expanding its suite of FX and payment solutions locally. With a growing presence in 7  countries and territories, M-DAQ Global is committed to supporting global clients in seamless cross-border transactions with FX certainty and clarity. 

For more information on Wallex and how it can benefit your business, please visit:  https://www.wallex.asia/en-my.

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