Paysend has unveiled a new feature that allows instant and straightforward cross-border payouts to China UnionPay cards for its Enterprise customers. This enhancement enables businesses to utilize the speed, reach, and reliability of Paysend’s single API to send cross-border payments directly to UnionPay cards issued in China. It complements existing payout options for Visa, Mastercard, and account transfers to over 165 countries. Companies can seamlessly integrate UnionPay payouts into their workflows, benefiting from real-time foreign exchange rates and 24/7 notifications, ensuring their payment requirements are met anytime, anywhere.
International businesses often encounter significant hurdles when transferring funds to China, largely due to the limited acceptance of UnionPay cards, which are the most widely used in the region. This limitation can lead to delayed transactions, higher costs, and operational inefficiencies. The absence of a streamlined and reliable payment solution complicates financial operations, impedes timely transactions, and creates barriers to business growth and competitiveness in the Chinese market. The demand for a seamless, cost-effective, and dependable cross-border payment method to China has never been more critical.
Paysend’s new Enterprise feature effectively tackles these challenges by enabling direct transfers to China UnionPay cards. By integrating UnionPay into their existing API, businesses can now execute instant and secure transfers to China, significantly lowering transaction times and costs, with no hidden fees and access to competitive real-time foreign exchange rates. This enhancement allows customers to reach UnionPay cards in China, further tapping into one of the world’s largest markets. The feature is accessible via a single API integration, eliminating the need for multiple payout partner integrations and saving valuable time and resources.
This functionality is included in the existing Enterprise Payout to Card API, allowing current customers to benefit immediately, while new customers can easily get started by accessing the Enterprise sandbox, reviewing the detailed API documentation, and testing with pre-configured mock cases and dedicated integration support.
Abdul Abdulkerimov, Paysend Founder and Executive Chairman, reiterated the company’s commitment to aiding businesses in their global operations. He stated, “We are proud to expand Paysend’s Enterprise capabilities to include transfers to China UnionPay cards. This expansion reflects our dedication to offering our customers the widest network and farthest global reach. By providing access to UnionPay through our API, we empower businesses to send fast, low-cost transactions in one of the world’s largest markets.”