WorldFirst can help your business pay Asian suppliers like a local, with fast and secure same day and next day transfers in CNH, EUR USD & HKD to Hong Kong and Mainland China.
Speed up payments, and your supply chain
Access our networks and over a decade of experience helping businesses pay into China.
Currency | Settlement time | Payment cut off time | Full value transfer* | Pay "on behalf of"** | Supplier account |
---|---|---|---|---|---|
CNH | Same day | GMT 10:00 | Yes | Yes - notes required** | |
USD | Next day | GMT 17:30 | Yes | Yes | |
CNH | Same day | GMT 12:00 | Yes | Yes | |
USD | Same day | GMT 10:30 | Yes | Yes | |
HKD | Same day | GMT 10:30 | Yes | Yes | |
USD*** | Same day | GMT 17:30 | Yes | Yes |
* Full value transfer: Your beneficiary will receive the entire funds, without any foreign bank charges.
** Pay on behalf of: WorldFirst send payments on behalf of you the customer, providing clarity and ease of reconciliation when payments are received by the beneficiary in your name. Please note: for CNH payments you also need to include "on behalf of [customer name]" in payment notes.
*** When opting to pay suppliers on Alibaba.com by transfer to Singapore or Hong Kong, settlement accounts
Benefits to your business
FAQs
See how easy it is to open an account online. You can start sending fast cross-border payments at great rates, right away.
Businesses like yours trust WorldFirst
- Almost 1,000,000 businesses have sent $150B around the world with WorldFirst and its partner brands since 2004
- Your money is safeguarded with leading financial institutions