Thunes and UnionPay International Launch Instant Money Transfers to China's mainland [Yahoo! Finance]
CHINA CONSTR BK UNSP/ADR (CICHY)
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Source: Yahoo! Finance
faster, more reliable, and more transparent payments into China's mainland following a deepened collaboration with UnionPay International (UPI). With the new collaboration, Thunes has launched a direct technical connection from its Direct Global Network to UnionPay's infrastructure, significantly enhancing its existing support for the UnionPay MoneyExpress remittance service. The direct connection will result in streamlined access to a massive base of UnionPay cardholders across 79 major Chinese banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BoC), China Construction Bank (CCB), Bank of Communications (BOCOM), China Merchants Bank (CMB) for Thunes' Members globally including banks, neobanks, super apps, gig economy platforms, digital wallets and money transfer operators Despite being the world's second-largest economy , sending money to China has traditionally been complex, and hindered by hidden fees and the need f
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