Based in Singapore, Xfers will serve as the B2B and Southeast Asia arm of Fazz Financial Group, while Payfazz, which already uses Xfers' payments infrastructure, will continue expanding in Indonesia.

Is Xfers safe in Singapore?

Is Xfers safe? Xfers is licensed by the Monetary Authority of Singapore (MAS) to provide e-money issuance services under the Payment Services Act, which regulates payment service providers and protects their customers. This includes safeguards that ensure that the company is liable for your money.

Who is Xfers?

Xfers, a startup that wants to simplify bank transfers, announced today that it has raised a $2.5 million seed round. ... Co-founders Tianwei Liu and Victor Liew are both from Singapore, but came up with the idea for Xfers while working in the Bay Area at Amazon and Quora, respectively.