Currency exchange rates are quoted in real time and they change by the minute, making it difficult for individuals and businesses alike to compare between different service providers. That is why we stand by our maxim of making every pip count by offering the best wholesale forex rates that you can ever get in the market.
ONEPIP works with multiple liquidity providers, which includes commercial banks, investment banks and prime brokers. Through aggregating our forex volume, ONEPIP sources for the best-in-class forex rates for our clients. Founded in Singapore, where it runs its operational hub, ONEPIP had been operating its own foreign exchange and money transfer online platform ONEPIPnet since early 2014.
ONEPIP is licensed by the Hong Kong Customs and Excise Department (HK C&E) to operate a money service business since 2013. ONEPIP is also licensed by the Monetary Authority of Singapore (MAS) to operate a remittance business in Singapore.
ONEPIP strives to deliver a simple value proposition to our clients - we offer the best forex rates in the market with the convenience of online execution.
LEE EN HUI
Executive Director and CEO
ONEPIP was founded by Felix and En Hui, who were classmates in secondary school. While both are from the financial services sectors, their professional careers have provided them with exposure to different segments of the market. To take the plunge, both quits their full-time jobs in Beijing and Singapore respectively.
With a vision to improve the way the traditional business of foreign exchange and money transfer is done, the seed of evolution is planted. ONEPIPnet platform is developed to facilitate transparency, efficiency and cost savings for its client.
With foresight and courage, the team picked Hong Kong as its first market to commence business with the setting up of its wholly owned subsidiary ONEPIP (Hong Kong) Limited. ONEPIP Hong Kong also applied for and was awarded its Money Service Operator (MSO) License by the Hong Kong Customs & Excise Department in December 2013.
Business officially starts in Hong Kong. While our physical presence with an office in the Wan Chai business district ensured that we have a sales and customer service team locally in Hong Kong, backoffice operational capabilities were from the start, based out of Singapore.
Established a partnership with Easylink Payment which operates an online platform, PayEco, offering efficient settlement services for cross-border RMB payments. This enables ONEPIP to also offer RMB payment capabilities to our clients into and out of China. This partnership with PBOC-licensed payment companies was later complemented with a partnership with BestPay (subsidiary of China Telecom) in October 2016.
ONEPIP joins the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which supplies secure messaging services and interface software to wholesale financial entities. As a member of SWIFT, we have our own unique SWIFT code which can be used to facilitate secure and reliable financial messaging.
With the approval from the Monetary Authority of Singapore to ONEPIP’s application for Remittance License in Singapore, we finally commence business in the country where it all started almost 5 years ago.
Advisor (Corporate Strategy)
Johnson Lau is appointed as an Advisor to the ONEPIP Group, responsible for providing advice to ONEPIP's Board and Management on its corporate strategies. Johnson has accumulated over 30 years of experience in the financial services industry, in particular the banking sector across Asia. He had held senior management roles in areas including Transaction Banking, Cash Management and Payments, Trade Finance and Supply Chain and corporate technology services in major banks such as Mizuho Bank (Hong Kong), China CITIC Bank International head office in Hong Kong, Royal Bank of Scotland and ABN Amro regional office in Singapore covering 15 countries. Also served Citi in Hong Kong, Australia, Japan, Taiwan and Singapore. In 2002, he was the Head of Product Development at Visa International where he managed Visa Commerce's Commercial (B2B) payment products in the Asia Pacific region. Johnson graduated from University of Waterloo (Canada) with a BMath (Honour) in Computer Science and Operation Research.