News

Trade Finance

Staff Reporter

, Singapore

Published:

1 year ago

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Photo by Jason Leung from Unsplash

Moomoo Singapore and Wise collaborate for easy trade deposit system

The app will allow Singaporeans to change the local currency to Singapore dollars based on real-time exchange rates.

Moomoo Singapore and global technology firm Wise have launched a service offering cheaper means to deposit currency into a user’s trading account.

Through the moomoo app, users can enjoy bigger savings on transfer fees when making deposits.

ALSO READ: WhatsApp launches payment feature in SG

Singaporeans can now opt to deposit via Wise, which allows them to change the current to Singapore dollars at the real mid-market exchange rate.

In addition, clients would be able to view the real-time mid-market exchange rate, which is based on the Bloomberg Index, Google, and Yahoo Finance websites.

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