Did you know, MiFinity’s MoneyExpress remittance solution allows customers in the UK and Europe to send money to China? Together with the UnionPay MoneyExpress network of banks, we provide a highly secure, convenient and inexpensive remittance solution.
This means that a transfer to any UnionPay issued card can be made 24/7 from one of the 29 supported countries. The funds will be received within seconds, straight to China. That is, of course, if the transfer is made during the working hours of SAFE. If not, the funds will be received the very next working day. It’s that quick, and it’s that easy.
Also, did you know that MiFinity has the best-priced solution for amounts up to 1000 CNY, compared to other remittance companies?
How does it work?
A customer can make a transfer by opening a MiFinity eWallet from one of the 29 supported countries. The customer can then deposit their funds into the eWallet using their card or one of the local deposit methods. Once the funds are in, they can then sent funds to a UnionPay card holder using the recipient’s first name and surname (English characters only) and the 16-19 digit card number. The recipient won’t need to do anything but sit back and receive the funds.
An instant email confirmation with the transaction reference details is sent to the sender as proof of payment. The transfer is then immediately available within the MiFinity eWallet. Just like that.
Note that in order for the recipient to receive the funds into their UnionPay issued card, they must ensure that they have instructed their issuing bank to accept international payments.
Our fees are calculated on the amount that you wish to transfer and are charged to your MiFinity eWallet as follows:
- 1.90 USD for a transfer less than or equal to 250.00 USD
- 0.76% of the value in USD for a transfer of 250.00 – 2,500.00 USD
- 19 USD for a transfer of 2,500.00 USD and above
The SAFE system conducts real-time checks on the card holder’s quota which are currently as follows:
- Daily transaction limit: 10,000 USD
- Single transaction limit: 5,000 USD
- Annual transaction limit: 50,000 USD
Our mission is to be the leader in the online payment section, and right now, we’re quite close to that goal. With our product portfolio aimed at merchants, businesses and consumers, we are constantly on the lookout for ways to better serve, expand and provide solutions to our customers. Today, our partnership with UnionPay enables us to service our consumers better, in the money remittance space.
So, what are you waiting for? Transferring money has never been quicker and more convenient. If you’re looking to send money to China in a flash, sign up today. Or if you have any questions, don’t hesitate to ask us.