Year-End Offer: US$500 Payoneer Account Set-up Fee Waived for New Singapore Companies (2026)
Offer period: 18 November to 31 December 2026 Offered by: Jenga Anderson Global, in partnership with Payoneer
Incorporate a new Singapore company with Jenga Anderson between 18 November and 31 December 2026, and we will open a Payoneer business account for it. Our standard account opening service fee of US$500 is waived.
Key facts
| What you get | Payoneer business account opening service for your new Singapore company |
| Value | US$500 service fee, waived |
| Who qualifies | Clients who sign and pay for a new Singapore company incorporation with Jenga Anderson |
| Sign and pay by | 31 December 2026 |
| Incorporation and documents due by | 31 March 2027 |
| Limit | One Payoneer account per new company |
| Approval | Subject to Payoneer’s review, typically 1–2 weeks |
What the offer includes
- Application handled in-house. Our team prepares and submits the Payoneer application, using the documents already collected for your incorporation.
- Submission on incorporation. We submit once your ACRA bizfile is issued.
- Follow-up with Payoneer. We respond to Payoneer’s review queries on your behalf.
- Handover. On approval, the login email, phone number and two-step verification are transferred to you, with a short set-up guide.
What a Payoneer business account can be used for
- Receive payments from overseas clients. You open the account in one currency. After approval, you can add further currency receiving accounts yourself, at no extra cost.
- Request payment by card or bank transfer. Clients can pay through Payoneer payment requests.
- Pay suppliers and contractors in other countries.
- Pay salaries and director fees from the company account.
- Withdraw funds to the company’s or a director’s local bank account.
The account is for business-to-business receipts and payments. Deposits from directors are accepted. Payments from other individuals are not.
Why open one alongside your incorporation
A new company often needs to invoice clients, pay suppliers and run payroll in its first weeks. Preparing the Payoneer application together with your incorporation documents means one set of KYC paperwork and an account that can be in place soon after the company is registered. You can open a traditional corporate bank account in parallel.
How to qualify
- Sign your Singapore incorporation engagement with Jenga Anderson and pay the fees in full by 31 December 2026.
- Provide the KYC documents listed below together with your incorporation pack.
- Complete incorporation and submit all account documents by 31 March 2027.
Documents required
For each director and shareholder
- Passport
- Proof of residential address dated within the last 3 months (bank statement, lease, credit card statement or utility bill)
For the company
- ACRA bizfile
- For corporate shareholders: certificate of incorporation, certificate of incumbency issued within the last 12 months, and constitution
- Description of business activities, products and services
- Place of business
- Company website, if any
- Bank account details for withdrawals (a director’s personal account can be used for a newly incorporated company)
Account administrator
- Name, email and phone number of the one person who will manage the account. If this person is not a director or shareholder, also provide their passport and proof of address.
Frequently asked questions
Who is eligible for the offer?
Clients who sign and fully pay for a new Singapore company incorporation with Jenga Anderson between 18 November and 31 December 2026. Existing Jenga clients incorporating an additional new Singapore company also qualify.
Does my company need to be incorporated by 31 December 2026?
No. You need to sign and pay by 31 December 2026. Incorporation and all account documents must be completed by 31 March 2027.
Is Payoneer a bank?
No. Payoneer is a payment service provider. Funds are held with its partner banks. The account is a Payoneer business account, not a bank account.
What does the offer cost me?
Nothing for the account opening service. Our standard US$500 fee is waived. Payoneer’s own fees, such as its annual account fee, transaction fees and currency conversion fees, apply as published on Payoneer’s pricing page.
How long does approval take?
Payoneer’s review typically takes 1–2 weeks after we submit a complete application. We submit once your bizfile is issued.
Is approval guaranteed?
No. Approval is at Payoneer’s sole discretion. We check your documents before submission to reduce delays.
Can I receive payments in several currencies?
Yes. The account opens in one currency. After approval, you can add other currency receiving accounts from your dashboard at no extra cost.
Can individuals pay into the account?
Directors can deposit funds into the account. Other individuals cannot. The account is designed for business-to-business transactions.
Can I use the account to pay staff?
Yes. You can pay salaries and director fees from the account.
I am incorporating more than one company. How many accounts can I get?
One account per new Singapore company. If you incorporate three eligible companies, each can receive one account under this offer.
Can I combine this with other discounts?
No. The offer has no cash value and cannot be combined with other promotions or discounts.
Who owns and controls the account?
Your company. After approval, we transfer the login and security settings to your nominated administrator.
Terms and conditions
- Promoter. This offer is made by [Jenga Anderson legal entity name] (“Jenga”), a member of Anderson Global.
- Offer period. The offer runs from 00:00 on 18 November 2026 to 23:59 on 31 December 2026, Singapore time (the “Offer Period”).
- Eligibility. The offer applies to clients who, within the Offer Period, sign an engagement with Jenga for the incorporation of a new Singapore private company and pay the incorporation fees in full. Engagements signed but not paid in full within the Offer Period do not qualify.
- Benefit. For each eligible company, Jenga will waive its Payoneer account opening service fee (standard fee US$500) for one Payoneer business account. The service covers preparation and submission of the application, liaison with Payoneer during review, and handover of account access to the client.
- One account per company. The offer is limited to one Payoneer account per eligible company.
- Deadline. The company must be incorporated, and all documents required for the Payoneer application must be submitted to Jenga, by 31 March 2027. If this deadline is not met, the offer lapses.
- Approval. Account approval is at Payoneer’s sole discretion. Jenga does not guarantee approval. No alternative benefit or compensation is provided if an application is declined.
- Payoneer fees and terms. The client is responsible for all fees charged by Payoneer, including annual account fees, transaction fees and currency conversion fees, as published by Payoneer. Use of the account is governed by Payoneer’s terms of service, which the client must accept.
- Account use. The Payoneer business account is intended for business-to-business receipts and payments, including payroll. Payments from individuals other than the company’s directors may not be accepted.
- Information sharing. By taking up the offer, the client authorises Jenga to submit the client’s KYC documents and company information to Payoneer for the account application.
- No cash value. The offer is not exchangeable for cash, not transferable, and cannot be combined with any other promotion or discount offered by Jenga.
- Nature of the account. Payoneer is a payment service provider and not a bank. Jenga does not provide payment services and is not responsible for the operation of the Payoneer account.
- Changes. Jenga may amend or withdraw this offer by publishing notice on this page. Engagements signed and paid before any change will be honoured on the terms in force at the time of payment.
- Governing law. These terms are governed by the laws of Singapore.
About Jenga Anderson Global
Jenga Anderson Global is a Singapore-based platform for corporate and fund services, and a member of Anderson Global. We hold ACRA CSP and MOM Employment Agency licences, and our in-house team covers incorporation, corporate secretarial, accounting and tax, work passes, cross-border structuring, and family office and fund set-up.
Contact us: info@jengacorp.com | www.jengacorp.com 3 Fraser Street, DUO Tower, #04-23A, Singapore 189352
This page is for general information and does not constitute legal, tax or financial advice.