A new way to send money home —
cheaper, faster, safer.
Indonesian workers in Singapore can now send money home using a government-regulated digital rail — paying up to 92% less in fees, with the money arriving in under 10 minutes instead of 3 days.
Sending SGD 500 via the bank costs up to SGD 35 in fees.
Most of that is not shown as a fee. The bank adds a hidden margin to the exchange rate — your family receives less IDR than the real rate would give them, and you are never told how much was taken.
This rail shows every cost upfront. The exchange rate used is the real market rate. Move the slider below to see exactly how much you save on your transfer amount.
You send SGD using PayNow — nothing new to learn
Open the platform, enter the amount, and pay via PayNow — the same way you already pay in Singapore. No crypto wallet. No new app. No bank account needed beyond what you already have. Your SGD is received instantly by StraitsX, a company licensed by the Singapore government.
On an annual salary of approximately SGD 6,000, that fee burden represents nearly 5% of gross income. The stablecoin rail brings total transfer cost to under SGD 2 per transaction.
XSGD is issued by StraitsX under the MAS stablecoin framework — the same regulator that oversees Singapore's banks. Every XSGD is backed 1:1 by real SGD held in reserve. It is the only SGD stablecoin that can legally be called "MAS-regulated."
The exchange rate, fee, and exact IDR amount your family receives are shown before you tap confirm. Nothing is added after. No hidden markup, no surprise deduction when the money arrives.
SWIFT moves your money through 2–4 banks — each one can add delays, charge fees, or reject the transfer. This rail goes directly from Singapore to your family's account, one step, with no banks in the middle.
Enter an amount. Watch it travel.
Get a receipt at the end.
The simulator walks you through a real transfer — step by step, with live FX rates — and shows you exactly what your family would receive.
▶ Try the Simulator