Information/Campaigns

2021/04/07

SBI Remit and UnionPay International Collaborate in International Remittance Business – Greater Convenience for Remittances to China –


SBI Remit Co., Ltd. (Head office: Minato-ku, Tokyo, Representative Director: Nobuo Ando, hereinafter “SBI Remit”), an international money transfer service business operator and a subsidiary of SBI FinTech Solutions Co., Ltd., a total FinTech solution company, has concluded a business collaboration agreement with UnionPay International Co., Ltd. (Head office: Pudong New District, Shanghai, Chairman: Cai Jianbo, hereinafter “UnionPay International”), a leading international bankcard scheme, aimed at improving the convenience of remittances to China.

 

SBIRemit_UnionPay
SBIRemit_UnionPay

 

In its China-bound remittance services, SBI Remit has already been offering bank transfer and cash pick-up services. The former has many users, and there is high demand among recipients for immediate deposit into their account. To meet these needs, SBI Remit felt that, given UnionPay is a preferred payment tool in China, providing direct remittance into UnionPay card accounts would help to raise customer satisfaction, which led to the agreement with UnionPay International.

 

With this agreement, SBI Remit’s customers will now be able to remit funds in real time to UnionPay card accounts at 21 Chinese banks, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, China Everbright Bank, and Huaxia Bank, through MoneyExpress, an international remittance service provided by UnionPay International.

 

SBI Remit will continue to conclude agreements with financial institutions overseas in its efforts to provide safe and secure remittance services that are also convenient and comfortable.

 

■ UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 68 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

 

■ Domestic receiving institutions of Mainland China that support MoneyExpress are as follows:

  • ・Industrial and Commercial Bank of China Limited
  • ・Bank of China
  • ・China Construction Bank
  • ・Agriculture Bank of China
  • ・Bank of Communications
  • ・China Everbright Bank
  • ・Hua Xia Bank
  • ・Harbin Bank
  • ・Bank of Shanghai
  • ・Fujian Rural Credit Cooperative
  • ・Linshang Bank
  • ・Hunan Rural Credit Cooperative
  • ・Qinghai Rural Credit Cooperative
  • ・Guangdong Rural Credit Cooperative
  • ・Henan Rural Credit Cooperative
  • ・Bank of Inner Mongolia
  • ・Zhejiang Rural Credit Cooperative
  • ・Wuhan Rural Commercial Bank
  • ・Shanxi Rural Credit Union
  • ・Bank of Hainan
  • ・Guangxi Beibu Gulf Bank
  • ・Industrial and Commercial Bank of China Limited
  • ・Bank of China
  • ・China Construction Bank
  • ・Agriculture Bank of China
  • ・Bank of Communications
  • ・China Everbright Bank
  • ・Hua Xia Bank
  • ・Harbin Bank
  • ・Bank of Shanghai
  • ・Fujian Rural Credit Cooperative
  • ・Linshang Bank
  • ・Hunan Rural Credit Cooperative
  • ・Qinghai Rural Credit Cooperative
  • ・Guangdong Rural Credit Cooperative
  • ・Henan Rural Credit Cooperative
  • ・Bank of Inner Mongolia
  • ・Zhejiang Rural Credit Cooperative
  • ・Wuhan Rural Commercial Bank
  • ・Shanxi Rural Credit Union
  • ・Bank of Hainan
  • ・Guangxi Beibu Gulf Bank

 

■ About SBI Remit

Company Name : SBI Remit Co., Ltd.

Head Office : 1-6-1 Roppongi, Minato-ku, Tokyo

Established : August 2010

Representative : Representative Director, Nobuo Ando

Capital : JPY 50 million

Business Outline : International remittance service

URL : https://www.remit.co.jp/

 

■ About UnionPay International

Company Name : UnionPay International Co., Ltd.

Head Office : Building B, Poly Plaza, No.6 Dongfang Road, Pudong New District, Shanghai, China

Established : 2012

Representative : Chairman, Cai Jianbo

Business Outline : International card scheme

URL : https://www.unionpayintl.com/en/

 

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Enquiries

SBI Remit Customer Support Center   03-5652-6759

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Enquiries

SBI Remit Customer Support Center

 03-5652-6759

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