How to set up a money changer business?
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Singapore, being an international financial centre and a tourist hub, has a relatively safe and secure environment for money changers to conduct their business. This post is a digest of the key requirements in setting up a money changing business in Singapore. Money changing involves the buying and selling of foreign currency notes and may be conducted under a sole proprietorship, partnership or company. In Singapore, there are currently 382 licensed money changers (as at
Rates Stream – Forex rates at your fingertip
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Ingenique is pleased to announce the General Availability of Rates Stream – our live stream of forex rates to our MoneyConnect System. With Rates Stream, inter-bank rates will be broadcasted to all the connected handheld tablets, and converted into retail rates using pre-defined formulas set by you. Pricing your buy/ sell trades correctly is key to the profitability of your business. With MoneyConnect Rates Stream, inter-bank rates are continuously streamed to your MoneyConnect tablets via internet,