Why Choose Us
Licensed by MAS for more than 40 years, we follow the rules and regulations set by MAS, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. Customers trust CYS with billions of dollar in payment every year to major cities in Asia Pacific, including China. Choose us and we can do more for your business.
Licensed By MAS
CYS is a Major Payment Institution licensed by MAS to provide services in cross-border money transfer, domestic money transfer, account issuance, e-money issuance and money- changing. Our focus is to provide FX liquidity and payment services to SMEs, FIs and Large Corps, that is our dedication to our customers.
More Established Than You Ever Expected
CYS has many specialized teams to help your business grow and run faster. Talk to our sales representative and find out more in our Treasury Operations, Cash Management Services, Strategic Business Development as well as our latest FinTech offerings. You may never know what you would have missed!
Payment With Technology
We utilize technology to make our payments fast, streamlined and seamless with most payments delivered within hours. Our vision is to create a community of interacting business service providers on an online environment based on 3 principles of inclusion, innovation and inspiration. Be part of our community, join us today.
We started our money service business in Singapore in 1981 and created the brand CYS out of the initials of our senior founder. CYS is a home-grown company dedicated to serving our local business communities right from the start. Our focus is to provide FX liquidity and cross-border payment services to SMEs as well as other money service operators within our region. Our strength lies with our strategic alliance with banks and payment agents along the Asia Pacific rim.
Today CYS is a major payment institution specialises in exotic crosses with Asian currencies, including CNY. Every year our treasury team handles more than 2.2 billion USD worth of contracts given to us by our customers, payment service providers, banks and covering agents with more than half of that amount in cross-border payments to major cities in Asia Pacific, including China.
Ann S. K. Wee
CEO and Deputy Managing Director
The vision of our founders is to create a community of interacting business service providers on an online environment providing knowledge-based services in the Asia Pacific region based on 3 principles of inclusion, innovation and inspiration. To achieve that, CYS is developing new products through innovative technology, partnering others for strategic alliances or technological advances, and investing in new businesses or projects to take advantage of economy of scale, risk sharing and gaining expertise.
CYS is licensed by the Monetary Authority of Singapore (MAS) to conduct the following activities in Singapore and complies strictly with all regulatory requirements including AML/CFT practices imposed by our regulators.
Account issuance service
Domestic money transfer service
Cross-border money transfer service
E-money issuance service