China

E-wallet

Service specification

Type

Description

Cash-out Method

Direct credit to bank account link with Alipay in Chinese Yuan / Renminbi (CNY).
Supported beneficiary account type – individual only.
Supported sender type - individual only.

Transaction Turnaround Time

· Real-time: 24x7 (within 15 minutes)

Area availability

China nationwide

Validation / Verification

Beneficiary name must be in Roman Characters.
Account validation is available via API.

Amount received

Beneficiary received net amount as specified by Sender.

Transaction Limit

Types of limit	FAMILY_SUPPORT / SALARY TRANSFER	GOODS_PAYMENT	SERVICE_PAYMENT
Maximum per transaction	CNY 50,000.00	CNY 50,000.00	CNY 50,000.00
Minimum per transaction	CNY 1.00	CNY 1.00	CNY 1.00
Maximum per calendar year	CNY 500,000.00	CNY 600,000.00	CNY 300,000.00
Maximum transactions per month	5	N/A	N/A

Compliance accumulated limit CNY 50,000 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.

Maximum Beneficiary

No restriction

Service Charge

Transaction Fee will be refund If the transaction is Rejected.

Cancellation Process

Cancellation is on best effort basis.

Remarks

· Account number for Alipay user is either Registered China mobile number or Registered Email address.
· Only Individual sender and beneficiary is allowed.
· Beneficiary must have a valid China government issued ID.
· Beneficiary is required to bind a default bank account from Alipay APP.
· Purpose code that is not as per mention in above will be rejected as invalid purpose code (922).
· Process: https://render.alipay.com/p/w/tutorial-pc/en-us.html
· First time receiver required to bind / select card within 24 hours of the transactions, else transactions will be rejected.
· Sender full Address is mandatory for KYC verification purpose.
. Relationship has be the family related, else transaction will get reject when Alipay conduct risk check.

. Acceptable purpose code are:

Category	Purpose Code	Description
FAMILY_SUPPORT or SALARY TRANSFER	13220	Goods and Services by Short Term Workers
	14310	Wages and Salaries in Cash
	14320	Wages and Salaries in Kind/Benefits Attributable to Employees
	21220	Worker's Remittances
GOODS_PAYMENT	132101001	Goods (Fashion)
	132101002	Goods (Daily Supply and Cosmetics)
	132101003	Goods (Electronics)
	132101004	Goods (Toys)
SERVICE_PAYMENT	132102001	Services (Interpretation)
	132102002	Services (Translation)
	132102003	Services (Human Resource)
	132102004	Services (Estate Agency)
	132102005	Services (Software Development)
	132102006	Services (Web Design or Development)
	132102007	Services (Tax)
	132102008	Services (Exhibition)
	16771	Legal Services
	16772	Accounting Services
	16740	Architectural, Engineering and Other Technical Services
	16760	Advertising, Market Research, and Public Opinion Polling Services

Do_Transfer bAccType Value

Supported e-wallet

No	Name	Issuer Code
1	Alipay	EWALIPAY