ABC Exchange is a Hong Kong-based company that provides a money transfer platform for licenced money transfer remittance businesses.
Many Monetary Service Operators (MSOs) currently use inefficient and expensive money transfer networks to send money overseas. They also use unreliable and poorly maintained software for the recording of customer details and transactions for compliance purposes.
We provide an easy to use web-based platform for sending and receiving remittance payments, conducting customer due diligence, storing historical data and detailed analytics to boost your businesses performance.
The Business platform is a cloud-based platform that enables money transfer businesses to send, manage and receive remittance payments, manage customer due diligence and receive detailed business analytics.
Our agents simply login to their account, fill in the required compliance details, top up their account balance and they can begin remittance payments for their customers. All payments are done via the account on our website so there is no software to install and it can work on any computer, tablet or device you wish to use.
Furthermore, our platform can be used in conjunction with your existing money transfer services, so you can test it out without needing to change your existing services.
Its free to set up! We just take a commission on each transaction and our commission is far less than the competitors.
Currently, we provide the service to send direct to: Philippines, Indonesia and Vietnam. We can send to cash pickup stores, pawnshops, all banks and more. We are always expanding our network, with new countries and deposit/withdrawal methods being added frequently.
As an agent, you are free to set your commission. ABC Exchange provides a highly competitive exchange rate for all our destination countries
It depends on the method you choose for each destination. Some payments to cash pickup locations can be done in a few hours, payments to some banks may take a day. Feel free to discuss this with ABC Exchange’s customer service team
ABC Exchange is a platform for licenced money remittance businesses. Therefore we need to comply with relevant AML (Anti Money Laundering) and KYC (Know Your Customer) laws and this means we will request certain personal and business information as necessary to establish your account with us.
We take customer privacy seriously, and invite you to look at our privacy policy here.
ABC Exchange Limited is registered in Hong Kong
ABC Exchange adheres to the highest industry standards in IT security and privacy according to HK law. We also believe in transparency and accountability which is why we strongly encourage you to search for us within the Hong Kong Government’s business search portal here: http://www.icris.cr.gov.hk/csci/
All ABC Exchange users who deposit fiat currencies must verify their account with ABC Exchange by providing standard identity and transactional information. ABC Exchange adheres to industry standard Anti-Money Laundering and Know Your Customer procedures, as defined in accordance with Hong Kong law. For a full list of these procedures, please visit the Government website at: https://eservices.customs.gov.hk/MSOS/common/guidelines
ABC Exchange has an internal and external AML/KYC policy framework including: User background checks, transaction monitoring and reporting, risk assessment criteria and more.
In compliance with international Anti-Money Laundering and Know Your Customer procedures, ABC Exchange will need to verify the identity of users of our service. This means that we will require certain information like: full name, business incorporation details, ID card, registered address, money transmitter licence etc.