We're excited to announce that TransferWise is launching transfers to China.
TransferWise now supports Chinese Yuan (CNY) transfers to Chinese UnionPay card accounts. It’s fast, as fair as ever, and – with a fee starting from ¥24 – it’s great value, no matter how much you’re sending.
China is currently the most expensive major currency corridor, according to the World Bank, with the average cost of sending $200 (£140) from the UK to China standing at a staggering US $19.6 (£13.70) or 9.8%.
TransferWise will charge 1.5% for transfers with a delivery time of 1 to 3 days. Anybody with a UnionPay account will be able to receive transfers. The launch comes with perfect timing for New Year gift-giving, too.
TransferWise, coming soon to WeChat
With the TransferWise Official Account on WeChat, you’ll be able to send money straight from the WeChat app. To be the first to know when it’s live, click here and let us know you’re interested. China, it’s great to have you with us. Onwards!
Sending money to China? See how much you could save with TransferWise.
TransferWise is launching Direct Debits for businesses, from your GBP and EUR balance.
You can now set up Direct Debits to pay bills and subscriptions across Europe right from your TransferWise account. And the best part? It won’t cost you a...
Today is an exciting step towards modernizing international banking in Canada. We’ve brought TransferWise for Banks to Canada, meaning that financial...
Financial institutions can now integrate with TransferWise and offer customers cheaper, faster international transfers right from their own websites or apps.
If you have the US TransferWise debit Mastercard®, you can add it to your mobile wallet — whether that’s Apple, Google, or Samsung Pay. (If you have a...