China

E-wallet

Service specification

TypeDescription
Cash-out MethodDirect 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 availabilityChina nationwide
Validation / VerificationBeneficiary name must be in Roman Characters.
Account validation is available via API.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per transaction CNY 50,000
Minimum per transaction CNY 1.00
Maximum per calendar year CNY 500,000
Compliance accumulated limit CNY 50,000 per day per Beneficiary
Maximum 5 transactions per month

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refund If the transaction is Rejected.
Cancellation ProcessCancellation 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.
· Acceptable purpose code are 13220 (Goods and Services by Short Term Workers), 14310 (Wages and Salaries in Cash),
14320 (Wages and Salaries in Kind/Benefits Attributable to Employees)and 21220 (Worker's Remittances).

· 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.
Do_Transfer bAccType Value2

Supported e-wallet

NoName Issuer Code
1AlipayEWALIPAY

China Union Pay card network service

Service specification

TypeDescription
Cash-out MethodDirect credit to bank account in Chinese Yuan / Renminbi (CNY).
Supported beneficiary account type – individual only.
Supported sender type - individual only.
Transaction Turnaround TimeChina Unionpay (CUP) debit or credit card linked to beneficiary bank account
· Real-time transfer (within 3 minutes) between 7am to 10pm GMT+8
Area availabilityChina nationwide
Validation / VerificationBeneficiary name must be in PINYIN (Romanized Chinese).
Amount receivedBeneficiary received round amount specified by sender.
Transaction LimitMaximum per transaction USD 5,000 equivalent
Minimum per transaction USD 15 equivalent
Maximum Daily Limit USD 10,000 per Calendar day
Maximum USD50,000 or amount determined by SAFE* per China citizen beneficiary per calendar year
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refund If the transaction is Rejected.
Cancellation ProcessCancellation is on best effort basis.
RemarksPlease contact support team for the latest complete list of banks and Bin number supported.
Do_Transfer bAccType Value8

Supported bank

NoNameIssuer Code
1 Union Pay 8600067
List of Bank Support Type of Card
INDUSTRIAL AND COMMERCIAL BANK CHINA (中国工商银行)** Debit & Credit Card
BANK OF CHINA (中国银行 ) ** Debit & Credit Card
CHINA CONSTRUCTION BANK (中国建设银行 ) * Debit Card
CHINA EVERBRIGHT BANK (中国光大银行 )* Debit Card
HUA XIA BANK (华夏银行 )* Debit Card
LINSHANG BANK (临商银行 )* Debit Card
Hunan Rural Bank ( 湖南农信 )* Debit Card
Harbin Bank (哈尔滨银行 )* Debit Card
Qinghai Rural Bank ( 青海农信 )* Debit Card
Guangdong Rural Bank (广东农信 )* Debit Card
Henan Rural Bank (河南农信 )* Debit Card
AGRICULTURAL BANK OF CHINA (中国农业银行) Debit & Credit Card
BANK OF COMMUNICATIONS (交通银行) Debit & Credit Card
Bank of Fuxin (阜新银行) Debit Card
Bank of Liuzhou (柳州银行) Debit Card
BANK OF QINGDAO (青岛银行) Debit Card
BANK OF SHANGHAI (上海银行) Credit Card
Bank of Shaoxing (绍兴银行) Credit Card
Bank of Yingkou (营口银行) Credit Card
BAOSHANG BANK (包商银行) Debit Card
Chongqing Bank (重庆银行) Debit Card
Fujian Province Rural Credit Union (福建省农村信用社联合社) Debit & Credit Card
GUANGZHOU RURAL COMMERCIAL BANK (广州农村商业银行) Debit Card
Guilin Bank (桂林银行) Debit Card
Guiyang Commercial Bank (Guiyang Bank) (贵阳市商业银行(贵阳银行)) Debit Card
Hankou Bank (汉口银行) Credit Card
Jiangsu Bank (江苏银行) Credit Card
Lanzhou Bank (兰州银行) Credit Card
Longjiang Bank (龙江银行) Debit Card
PING AN BANK (平安银行) Credit Card
POSTAL SAVINGS BANK OF CHINA (中国邮政储蓄银行) Debit Card
Qilu Bank (齐鲁银行) Credit Card
SHANGHAI PUDONG DEVELOPMENT BANK (上海浦东发展银行) Credit Card
Woori Bank (友利银行(中国)) Debit Card
XIAMEN BANK (厦门银行) Credit Card
YELLOW RIVER RURAL COMMERCIAL BANK (黄河农村商业银行) Credit Card
Zhejiang Province Rural Credit Union (浙江省农村信用社联合社) Debit Card
Zhengzhou Bank (郑州银行) Debit Card