Business Intelligence on Retailing, Franchising, and Consumerism in China


Xoom Provides New Chinese Money Transfer Channel From Overseas

U.S.-based digital money transfer provider Xoom Corporation launched their Chinese-language services to complement with the Chinese money transfer service they launched in February 2015.

This service is useful for buyers outside of China to remit payments to Chinese sellers. Though Chinese e-commerce websites like Aliexpress.com have built-in payment offerings, this outside channel may be an easier method for some foreign purchasers to deal with Chinese companies.

Xoom says when customers send a bank deposit to China during bank processing hours in China, the funds will be available directly in the receiver's bank account immediately. The transfers are processed through the UnionPay MoneyExpress network.

Customers can send up to USD2,999 for a USD8.88 fee when paying with their bank accounts.







Image Credit: viphotos


1 Comment on "Xoom Provides New Chinese Money Transfer Channel From Overseas"

  1. SaveOnSend | July 9, 2015 at 9:34 pm |

    Thank you for the article. Xoom is first among large remittance providers in USA with a website in Chinese, hopefully, others will follow.

    If you are interested in the topic of money transfers to China, please read our in-depth analysis: saveonsend.com/blog/money-transfer-china/

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