CIMB rolls out FX platform for SMEs in ASEAN markets

Key features include guaranteed best exchange rates in ASEAN for Singapore dollar conversions to Malaysian ringgit.

CIMB has rolled out CIMB FX Online, a digital foreign exchange platform aimed at helping small and medium-sized enterprises (SMEs) manage cross-border trade payments more efficiently.

The service is open to both existing and non-CIMB customers, with the latter able to make a one-time FX booking without opening a business account.

Key features include guaranteed best exchange rates in ASEAN for Singapore dollar conversions to Malaysian ringgit, Indonesian rupiah and Thai baht, zero FX fees for the first transfer, and real-time pricing with full rate transparency.

The bank said the platform is designed to address common challenges SMEs face in overseas payments, such as high costs, limited transparency and delays. Existing CIMB Business Current Account holders can access the service directly through the bank’s business banking portal.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia