China, welcome to TransferWise

Wise

09.09.16 (updated more than 1 year ago)

1 minute read

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.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

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