A simple guide for businesses wanting to offer money transfers to China.
China is one of the largest markets for receiving money from other countries. Families send money back home, and businesses pay suppliers and workers. For any money transfer company, offering services to China is a very important step. But, it can be confusing.
China has strict rules about sending money into the country. These rules are there to protect its economy. For a business, this means you must follow all the laws carefully. If you don't, your transfers can be blocked, and you could face penalties. This guide explains the main ways to send money and how to solve the biggest challenges.
Many people in China receive money through their bank accounts. Big banks like ICBC, Bank of China, and China Construction Bank are very common. To offer this service, your business needs to be able to send money directly to these banks.
Connecting your system to each bank one-by-one is slow, difficult, and expensive. It requires a lot of technical work and legal agreements.
Use a platform with existing partnerships that facilitate money transfers to major Chinese banks. This lets you connect to many banks through one simple setup, saving you time and money.
Millions of people in China use Alipay and WeChat Pay every day for everything. Sending money directly to these mobile wallets is fast and very convenient for your customers.
Just like banks, connecting your service directly to Alipay and WeChat Pay can be technically difficult and requires special agreements.
Use a single platform that connects you to both Alipay and WeChat Pay with one simple setup. This lets you offer the most popular payout methods without the technical headache.
Instead of spending months and a lot of money building connections yourself, you can use a ready-to-use platform like RemitSo. A white-label platform gives you all the technology and bank partnerships you need to send mony to China.
This means you can:
This lets you focus on growing your business and serving your customers, while the platform handles the difficult backend work.
Ready to Start Your Service to China?
Stop worrying about difficult rules and long setup times. RemitSo gives you a full, ready-to-use platform that's already connected to China's payment systems.
