🇪🇺→🇸🇬
Send Money from European Union to Singapore
Businesses in European Union paying Singapore suppliers for Electronics. Send EUR from European Union, receive SGD in Singapore with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local EUR collection + local SGD delivery = no correspondent bank fees
Save £2,025 per £100k Payment
European Union to Singapore corridor savings
Traditional Bank
£2,530
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local EUR collection
- ✓ Transparent 0.5% spread
- ✓ PayNow Corporate
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year
Sending from European Union: What You Need to Know
EUR Origin Specifics
- EUR single currency for 20 countries
- SEPA instant payment network
- GDPR compliance required
Your Local Advantages
- Local EUR account available
- SEPA (Single Euro Payments Area) instant collection
- No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.
Paying Suppliers in Singapore: Compliance & Requirements
Regulatory Considerations
- MAS (Monetary Authority of Singapore) oversight
- GST (9%) documentation required
- UEN (Unique Entity Number) mandatory for all businesses
- Strict AML/CTF compliance (FATF Tier 1)
Payment Best Practices
- Singapore = Asia's financial and tech hub, extremely efficient
- PayNow Corporate enables instant SGD payments without SWIFT fees
- English-speaking, business-friendly environment
- Strategic location for Southeast Asia supply chains
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via PayNow Corporate
European Union → Singapore Corridor Insights
Popular Industries
- Electronics
- Petrochemicals
- Finance
Peak Trading Hours
01:00-09:00 GMT (Asia business hours)
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send EUR from European Union to Singapore?
Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB