Have you ever wanted to send money to China? We hear you! Wait no more, as you can start sending Chinese Yuan to individual Alipay recipients today! With our partnership with Alipay, you get to choose more payout options for our customers in MoneyMatch.
Also, it’s only RM18 to send money to China!
Why use Alipay?
Alipay is a well-known digital wallet in China. Over 1.3 billion people use Alipay as their main means of payment since its launch in 2004. Ant Financial Services Group, a financial services provider affiliated with Alibaba, operates Alipay. Ever since 2015, almost 77% of the mobile payments in China has been made using the Alipay platform (According to Source).
Evidently, many have trust in Alipay! So why don’t you have a try?
How to use Alipay to send money to China?
Once you have created an account with MoneyMatch, you can start transferring money via Alipay to your account in China. Also, you could use account credit via our local Payout Partners too!
Do take note that recipients have to add their bank card into their Alipay account before receiving your transfers.
Unsure on how to do so? Worry not, as we have tutorials below for you to find out how:
More details on sending money to an Alipay account here!
Who is Eligible to Receive Money from China?
- The recipient must be a Chinese citizen with a Chinese national ID or a Foreigner’s Permanent Resident Identity card (FPRID).
- The recipient must link their bank card to their Alipay ID to receive funds via MoneyMatch.
What else do you need before sending money to China?
For transfers to a Personal Account to China, the recipient will need to complete an e-KYC validation process.
Prior to receiving funds, a web-link will be provided in which the recipient have up to 48 hours to complete the online KYC registration. This is VERY important, as the transaction will be cancelled if the e-KYC registration is not completed in time.
Hey, don’t know what e-KYC is? Do read this article to be up to date!
If you are skeptical on using our service, read this
If you have not created an account with us, sign-up with us today!