In January 2022, Epay Remittance and Alipay cooperated to create a fast and cheap way to send money back to China, enabling overseas Chinese to quickly exchange 16 types of currencies including US dollars through Epay Remittance to Alipay account.
The 16 types of currencies include:
US dollar, HongKong dollar, British Pounds, Euro, Korean Won, Japanese Yen, Brazilian Real, Colombian Peso, Peruvian Peso, Uruguayan Peso, Chilean Peso, Argentine Peso, Mexican Peso, Nigerian Naira, Singapore Dollar, Australian Dollar.
Through the cooperation with Alipay, Epay customers obtain the capability to send foreign currency to mainland Alipay users in RMB (CNY) at the best exchange rate within seconds, only the payee’s name and Alipay account number are required in the whole process.
Without complicated bank details to be filled in, the funds will directly reach the bank account bound by the payee‘s Alipay, it solves the complicated and time-consuming issue in international money transfer. Epay remittance makes international transfers easy and convenient.
Since its establishment in 2014, Epay has been working hard to provide global users with a low-cost and fast global remittance method. By establishing partnerships with local authoritative banks and licensed remittance institutions around the world, we continue to bring new remittance methods to our customers.
In 2020, it is the first time Epay cooperates with a domestic authoritative bank to provide RMB remittance methods. The partnership with Alipay further expands Epay’s service scope and payment strength.
Considering that some enterprises and merchants needs to distribute salaries or payments to Chinese employees or suppliers, Epay has specially launched the B2C Alipay batch remittance function, allowing merchants to pay to multiple Alipay users at a time by submitting multiple payee information in a form, which greatly shortens the time and cost of remittance.
China is the world’s second-largest recipient of remittances, with US$60 billion flowing into China in 2020. Through its partnership with Alipay, Epay Remittance has provided customers with a new option for remittances to China. The partnership with Alipay marks an important milestone, enabling global users to send money to China via Alipay. This cooperation is an affirmation of the continuous progress of Epay in the international remittance industry.