CIMB Singapore has introduced CIMB FX Online, a digital foreign exchange platform offering SMEs guaranteed best rates, real-time pricing, and zero FX fees on first transfers, with instant access even for non-CIMB customers. The solution aims to remove hidden costs and delays in regional trade payments.
SINGAPORE, 13 AUGUST 2025 – CIMB Singapore today launched CIMB FX Online, a digital foreign exchange (FX) platform designed to support small and medium-sized enterprises (SMEs) at every stage of growth, from startups handling initial vendor payments to established businesses managing international loans.
The platform allows even non-CIMB customers to make a one-time FX booking instantly without opening a business account, giving SMEs a first-hand trial of the service.
CIMB FX Online offers guaranteed best exchange rates for Singapore Dollar (SGD) to Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), and Thailand Baht (THB), along with real-time FX pricing and zero FX fees for the first transfer. Businesses gain full transparency over live exchange rates, helping them transact with confidence and avoid hidden fees.
“At CIMB, we are constantly innovating to meet the evolving needs of Singapore SMEs as they set their sights on overseas expansion. CIMB FX Online underscores our commitment to helping SMEs thrive across markets with a more transparent and cost-effective way to manage regional transactions. Backed by our strong digital capabilities, deep regional expertise, and customer-first approach, we remain dedicated to empowering SMEs with the tools they need to grow with confidence,” said Benjamin Tan, Head of Commercial & Transaction Banking, CIMB Singapore.
Existing CIMB Business Current Account holders can transact directly through their business banking portal without switching platforms.
Key features of CIMB FX Online include:
- Guaranteed best exchange rates for SGD to MYR, IDR, and THB
- Instant FX booking for non-CIMB customers
- Zero FX fees for the first transfer
- Full transparency with real-time FX rates
- Wide currency selection for flexible rate locking
- Quick and secure transactions via Singpass MyInfo with an intuitive interface
CIMB FX Online aims to give SMEs a simpler, faster, and more cost-effective way to manage cross-border payments while reducing common pain points such as high costs, lack of transparency, and payment delays.
