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Transfer Money to China – TransferWise to Alipay
By betterspider  •  March 17, 2020
You can now conduct instant money transfers, up to 5 times a month, capped at 31,000 CNY per transaction to China AliPay wallets via TransferWise within seconds. TransferWise launched their latest cross-border offering – promising super-quick transfers from 17 currencies to your/ your recipient’s bank account linked to Alipay. The list of currencies that can be sent are:
  • USD, GBP, HKD, SGD, EUR, AUD, CAD, JPY, BGN, CZK, DKK, HUF, NOK, PLN, RON, SEK, HRK
You don’t need to visit a local bank branch to do so, and you can simply just head online to TransferWise to conduct your international transfers.

Setting up Alipay

Before transferring, you need to make sure the recipient’s Alipay account is properly set up to receive global remittance. This will utilise Alipay’s Fast Collection feature for instant cross-border money transfers without fees. You need to first install Alipay on your phone and complete the necessary authentication. Currently, only users with a resident identity card can use Fast Collection. Find the Global Remittance (跨境汇款) mini-program under Transfer (转账)....
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By betterspider
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