Paysend has introduced a new service that allows businesses to send instant cross-border payments directly to China UnionPay cards, enhancing its existing Enterprise payout capabilities.
This new feature integrates seamlessly into Paysend’s single API, offering Enterprise customers the ability to make efficient, secure transfers to UnionPay cards in China, alongside existing support for Visa, Mastercard, and Account Payouts across more than 165 countries.
The service is designed to simplify the process of making payments to China, where UnionPay cards are widely used. Businesses will benefit from 24/7 access to real-time foreign exchange (FX) rates and notifications, ensuring their payment needs are met promptly. By using Paysend’s Enterprise API, companies can easily incorporate UnionPay payouts into their workflows without the need for additional integration or resources.
Addressing Challenges in Cross-Border Payments to China
International businesses have historically faced difficulties when sending funds to China, particularly due to the limited support for UnionPay cards, which dominate the Chinese payment landscape. These challenges often lead to delayed transactions, higher costs, and operational inefficiencies. The lack of a streamlined solution has hindered financial operations and made it difficult for businesses to effectively enter or compete in the Chinese market.
Paysend’s new feature aims to resolve these issues by providing a reliable and cost-effective method for making cross-border payments to China. The ability to make direct transfers to UnionPay cards eliminates the inefficiencies businesses previously encountered, allowing for quicker, more secure payments with no hidden fees.
Seamless Integration for Enterprise Customers
The new UnionPay payout option is available to existing Paysend Enterprise customers through a single API integration. This eliminates the need to manage multiple payout partner integrations, saving businesses time and resources. The service provides access to real-time FX rates, offering competitive conversion options without the complexity or costs of traditional cross-border payments.
New customers can easily access Paysend’s Enterprise API by using the Enterprise sandbox, which includes comprehensive API documentation and pre-configured mock cases for testing purposes. Dedicated integration support is also available to help businesses get started with the new feature.
Supporting Global Business Operations
Abdul Abdulkerimov, Founder and Executive Chairman of Paysend, highlighted the company’s commitment to supporting businesses in expanding their global reach. “We are proud to expand Paysend’s Enterprise capabilities to include transfers to China UnionPay cards,” said Abdulkerimov. “This expansion reflects our dedication to offering our customers the widest network with the furthest global reach. By providing access to UnionPay in our API, we empower businesses to send quick, low-cost transactions in one of the world’s largest markets.”
With this new feature, Paysend aims to enhance the global payments infrastructure for businesses, allowing them to tap into the vast Chinese market with greater ease and efficiency. As cross-border payments become increasingly important for global commerce, this development positions Paysend as a key player in enabling smoother international financial operations.
