Product Introduction
When an overseas remittance is made to mainland China, the funds will be directly credited to the payee's account in RMB. The payee can use the funds immediately without the need for separate settlement.
Business Flow
Important Information About Digital Remittance
Item
UnionPay Card (Cross-border Foreign Currency)
UnionPay Card (Cross-border RMB)
Alipay (Cross-border Foreign Currency)
Payee
Mainland China Citizens
Mainland China Citizen & Non-Mainland China Cardholders
Mainland China Citizens
Remittance Currency
Foreign Currency*
CNY
Foreign Currency*
Receiving Currency
CNY
CNY
CNY
Access Method
API & Merchant Portal
API
API
Single Transaction Limit
USD 5,000
CNY 40,000
CNY 50,000
Daily Limit per Payee
USD 10,000
CNY 80,000
×
Annual Limit per Payee
USD 50,000
CNY 400,000
CNY 600,000
Daily Transaction Limit per Payee
5 Transactions
5 Transactions
×
Monthly Transaction Limit per Payee
20 Transactions
20 Transactions
5 Transactions
Funds Availability
Real-time credit during 08:00–22:00 (Beijing Time)
Remittances can be submitted normally at other times
Real-time credit 7×24
Real-time credit 5×24 on working days (Beijing Time)
Remittances cannot be submitted at other times
Fund Purposes Supported by Digital Remittance
Fund Purpose
Payee: Mainland China Citizens
Payee: Non-Mainland China Citizens*
OTHER (personal Red Packet)
√
×
STUDYING_ABROAD (Tuition and living expenses for studying abroad)
×
√
TRAINING_ABROAD (Training fees and living expenses abroad)
×
√
SIGHTSEEING (Tourism)
×
√
BUSINESS_TRAVEL (Business travel)
×
√
MEDICAL_ABROAD (Medical expenses abroad)
×
√
* This is subject to the card-issuing bank’s support for crediting funds to non-Mainland China citizens.
Remittance Currency
Euro(EUR)、Pound(GBP)、Canadian Dollar(CAD)、Singapore Dollar(SGD)、Australian Dollar(AUD)、 Yen(JPY)、U.S. Dollar(USD)、HongKong Dollar(HKD)
Remittance Time(Receipt time)
Real-time, < 12 hours generally
Exchange rate
Exchange when remitting; Lock exchange rate margin
Supported banks
Refer to the list of supported banks and the card bin table for details.
