China payments made easy

Pay your China based suppliers as easily as if they were around the corner.
Sign up now
 
Opening the door to Asia
Although buying from China is easier than ever thanks to advances in transportation and communication, it can still seem daunting.
WorldFirst can help your business pay Asian suppliers like a local, with fast and secure same day and next day transfers in CNH, USD, HKD, & EUR 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.
 

* 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

As part of our mission to make it easy to do business anywhere, we offer enhanced payment capabilities West to East.
Sign up now
Speed up international payments - fast transfers

Speed up international payments

  • WorldFirst can reach banks anywhere in China. Transactions can be settled directly in CNH with same day and next day payment options
  • Extend your business reach with same-day USD and HKD payments to any Hong Kong based account.
  • Hong Kong-based beneficiaries can receive funds more efficiently with WorldFirst’s local pay-out capability
Image

Increased flexibility

  • Increase your negotiation power. Making payments directly in CNH rather than USD is quick, convenient, and can save you money
  • Flexibility to pay Chinese suppliers in CNH, USD, HKD, or EUR
  • Open CNH* and HKD* currency accounts, to collect, convert, or make payments

*Currency accounts located in Hong Kong

Image

Experience and Networks

  • WorldFirst have made over 1 million payments into China in the past 12 months, valued at almost £13bn
  • Since 2019, we've been part of Ant Group, the operator of digital lifestyle platform Alipay. Alipay serves 1.3 billion users worldwide with its global e-wallet partners, allowing us to leverage one of the largest global commerce ecosystems in the world

FAQs

Demystifying payments to China

Image
Everything you need to know about payments in Renminbi
What is Renminbi, and how can you save money on your payments into China by transferring in RMB?
Read free guide
Image
Making it easy to pay suppliers in China
For many years the cost and inconvenience of currency transactions – rather like language and distance – were seen as significant challenges to doing business with China. But today the reality is very different.
Read free guide
Image
Why does China have 2 currencies?
Why the Chinese currency has two names and two abbreviations - Yuan v’s Renminbi, and CNY v’s CNH.
Read more
Image
How to source, pay, and manage products from Alibaba.com
Doing business with China has become critical to many companies buying and selling internationally. Read our step by step guide on using one of the world’s largest B2B ecommerce platforms, Alibaba.com, to find and manage new suppliers.
Read free guide
Image
Trade Assurance: the easy way to protect your orders from China
For decades UK buyers would visit trade fairs in China to build trust and assess quality. But how can you place confidence in new suppliers when you can’t visit factories or attend trade shows? The answer could be Trade Assurance.
Read free guide
Image
Why finding suppliers in China is now easier than ever before
Whether it’s packaging, spare parts or the products themselves, most SMEs will recognize that China offers an abundance of affordable supply options. But there’s one challenge: how to do it?
Coming soon
 

Open a free account today

Open a free account today

See how easy it is to open a WorldFirst account online. You can start sending fast cross-border payments at great rates, right away.

Sign up now

What our customers say

HEAR FROM OUR CUSTOMERS

"WorldFirst had solutions for all our needs. Payments to our China based suppliers are now very easy and quick, thanks to the ease of using forward contracts, spot rate or combination."

Robert Eastwood
Financial Controller – Northgate Lighting Ltd.

HEAR FROM OUR CUSTOMERS

"I found that Chinese suppliers were more than happy to also quote prices per unit in their domestic currency. I was always able to achieve better unit price equivalence when quoted in CNH."

James Schaaf
Director of Eton Rock