Hong Kong’s Mox Bank offers digital money transfer services in 10 currencies

Exchange fee is as low as 0.35%.

Mox Bank has launched Express Remit, a global transfer service that allows its app users to transfer money in 10 foreign currencies.

Powered by Wise, Express Remit offers mid-market exchange rates quickly and promises transparent fees. Currencies offered include AUD, CNY, EUR, GBP, IDR, INR, JPY, PHP, SGD, and USD.

Mox charges a foreign exchange fee of as low as 0.35%.

ALSO READ: Mox Bank launches 24/7 equities and fund trading services

Until 31 March, all customers who use Express Remit will enjoy zero remittance and foreign exchange fees for every global transfer.

The bank said that it will add more currencies soon.

To use Express Remit and initiate a transfer, customers simply select ‘Actions’ from the menu bar in their Mox app, tap ‘Express Remit’, and follow the on-screen instructions to get started.

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