Overview

This release enhances multi-currency consistency across core endpoints and introduces support for SWIFT and MEPS (MAS Electronic Payment System) rails for high-value SGD transactions.

Part 1: Multi-Currency Support Enhancements

We’ve expanded currency and wallet support across key endpoints to improve consistency in multi‑currency workflows:

• Added support for sgd and usd options in filter[currency] attribute:

  • GET /v1/payments
  • GET /v1/payouts
  
  

  Attribute	Description
  filter[currency]	Accepts xsgd, xusd, sgd or usd

• Added support for sgd and usd options in walletSource attribute:

  • POST /v1/withdrawal
  • POST /v1/payouts
  
  

  Attribute	Description
  walletSource	Fiat Only Business User: sgd, usd Default Business User: xsgd, xusd, sgd, usd

• Expanded Swap API Support
  • Added 9 new swap pairs to support seamless conversion between fiat (SGD, USD) and stablecoins (XSGD, XUSD, USDC, USDT).
  • Newly supported swap pairs: XSGDSGD, XSGDUSD, XUSDSGD, XUSDUSD, USDCSGD, USDCUSD, USDTSGD, USDTUSD, SGDUSD
  • These pairs will now be returned in the GET /v1/swap/pairs API response.

Part 2: SWIFT and MEPS Rail Access for API Users

Following the successful rollout of SGD SWIFT and MEPS rails to Dashboard users, API users can now initiate and manage high-value SGD transactions through supported endpoints.

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The MEPS rail is introduced for SGD transactions only. USD disbursement behavior remains unchanged and continues to use SWIFT.

1. Withdrawal - Disbursement Method Enhancement

• Added meps as a supported option for disbursementMethod attribute:

  • POST /v1/payout-recipients
  • POST /v1/customer_profile/{customer_profile_id}/payout-recipients
  • POST /v1/payouts
  • POST /v1/customer_profile/{customer_profile_id}/payouts
  
  

  Attribute	Description
  disbursementMethod	Accepts bankTransfer or paynow or swift or meps Note: For SGD, all listed methods are supported. For USD, only swift is supported.

• New disbursement_method attribute for Create a First Party Bank Transfer Payout API:

  • POST /v1/customer_profile/{customer_profile_id}/withdrawals
  
  

  New Parameter	Description
  disbursement_method	Payout method used to transfer funds. Accepts swift, meps, or bank_transfer. Note: bank_transfer: Supported only for SGD payouts via the FAST network. This is the default value for SGD. meps: Available for SGD only. swift: Available for both SGD and USD. This is the default value for USD. This field is Optional

  
  

2. Deposit - Virtual Bank Account Enhancement

• New network attribute for Create a Virtual Bank Account API:

  • POST /v1/payment_methods/virtual_bank_accounts
  
  

  New Parameter	Description
  network	Payment rail for the virtual bank account. Accepts fast, swift, or meps. Note: fast: Supported only for SGD virtual bank accounts. This is the default value for SGD. meps: Available for SGD virtual bank accounts only. swift: Available for both SGD and USD. This is the default value for USD. This field is Optional