Transfast expands mobile money service to China

Source: Transfast

Transfast, a leading provider of cross-border p2p payments solutions, today announced the expansion of its mobile and online funds transfer service into China.

From the convenience of a mobile device or desktop, customers can easily transfer to recipients’ accounts at all major Chinese banks, delivered within 24 hours.

“There’s a huge need for transfers to China,” says Samish Kumar, CEO. “As an established and dominant cross-border payments solutions provider to more than 100 countries, Transfast is pleased to be introducing direct credit to bank accounts in China within 24 hours.”

Recent data shows that transfers from North America to China amounted to 16-billion USD in the past year, and are projected to grow. Transfast’s robust payments technology, coupled with the company’s proprietary bank network, provides customers sending money to China with convenience, value and service.

Transfast’s service to China provides the most flexible options for recipients. Direct bank transfers can be sent to all major Chinese banks, including ICBC Bank, China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd.

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