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<h2>Frequently Asked Question`s</h2>
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What does Rummy do?
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Rummy is an international FX and payment solutions platform that empowers businesses in entering
new markets.
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What does Rummy do differently than banks?
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Rummy provides customers with competitive, near mid-market FX rates, lower transfer fees, and
round-the-clock customer support. Rummy platform supports much more currencies than banks,
enabling international payments in 47 currencies, collections in 36 currencies, and allows users
to hold 13 currencies in a multi-currency account.
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Why should I switch to Rummy?
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Rummy is built for businesses, and provides comprehensive support for Asian currencies such as
SGD, IDR, HKD, THB, MYR, PHP, CNY and more. You get customised FX rates tailored to your business,
bulk payments to 200 beneficiaries in multiple currencies in one click, transaction tracking in
real-time through the MT103 document, and prompt, 5-star rated customer service whenever you
encounter challenges with your transactions.
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Is it safe to use Rummy?
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Rummy holds a licence as a Major Payment Institution, issued by the Monetary Authority of
Singapore (MAS) under the Payment Services Act 2019. This means all customer funds are safeguarded
and kept in a customer segregated account which is separate from all other Rummy operations
accounts. We operate within a very strict framework both for compliance and for the safety of
funds in our custody.We are also licensed and regulated in Hong Kong and Indonesia.
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How can I start to use Rummy for my business?
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Start with signing up for your Rummy account. There is no cost or no minimum commitment when you
sign up. Once your account is verified, you can start accessing all of Rummy’s offering including
cross border payments, local conversions, e-wallets as well as virtual receiving accounts.
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