Epay, the Best Way for Millions of Russians Living Abroad to Remit Money Home

Did you know that on the 146 million of Russians, almost 11 million live abroad? Among them 3.4 million are in Ukraine, 2.3 million in Kazakhstan, 1 million in Germany, almost 700,000 in Belarus and 600,000 in Uzbekistan. All those people send money back home every year.

Sending funds to Russia is not easy for those people. For reasons of domestic currency control, the Russian Central Bank requires all financial institutions that want to send funds to Russia to have a correspondent account with the Russian Central Bank.

Consequently, all rouble trades must provide the correspondent bank account details, which increases the complexity of payments to Russia and are often cause of payment reversals that generate disruptions to companies’ cash flows.

There are many ways to send money digitally to Russia, the most customary being via your bank. However, in addition to the high handling fee and long remittance period, you may undergo the risk of refund.

In this article, I will introduce Epay Global Remittance Network, a payment platform that you can safely and safely remit money to Russia.

Epay has recently added RUB in global remittance routes. Whether you are working in Australia, Europe. United Kingdom, Hongkong, Japan or Singapore. It is never so easy and convenient for you to send money to Russia for a small or large amount.

Epay global remittance network brings together remittance agents from all over the world, Russia local remittance agents have joined together to help money transfer to Russia reaches faster and safer.

The process to remit with Epay is: Register an Epay account→ KYC verification→ place remittance order→Pay

So, what are the advantages of using Epay for remittance?

Epay, a professional and expert payment company with money service license makes it a safe money transfer provider.

Dedicated to doing international payments in the past 5 years. Epay has accumulated rich experience in how to make every payment safe. IT department is the core role in the whole company, by monitoring every transaction in every link with the advanced technical support, each transaction is well tracked and protected. Epay is continually making progress in the payment industry. After obtaining “License For Operating Money Service” in 2014 at Hong Kong. Epay achieved the USA MSB payment and exchange registration on 15th Feb 2019.

Epay has cooperated remittance agents and local bank accounts in each country, which makes it a cheap and fast money transfer provider.

Fast speed and low-cost international money transfer service are required by almost every remitters. Epay global remittance network can definitely meet your demands on the speed and cost. They have remittance agents in both countries. One to receive your payment currency, and another to pay target currency to the receiver. So the money transfer is actually between local banks. Money transfer between local banks can be said instant compare to cross-border remittance. At the same time, the fee is greatly saved without bank fee and Intermediary bank fee or hidden fee.

Remittances can arrive within a few hours at the earliest, with some remittance rates as low as 1%. Register your Epay account now and start your global remittance journey ~