YouBiz, a multi-currency company card and spend administration platform by YouTrip, has launched a brand new Chinese language Yuan Renminbi (CNY) remittance hall.
This transfer addresses the rising want for environment friendly and cost-effective cross-border transactions between Singapore and China.
China, Singapore’s largest buying and selling accomplice, facilitated almost S$80 billion in imports in 2023.
The brand new CNY remittance hall by YouBiz goals to streamline fund transfers from Singapore to China, providing a less expensive, safer, and handy various to conventional strategies.
Companies can arrange firm recipients for recurring funds to Chinese language firms inside 1-2 working days.
YouBiz helps abroad transfers with 20 foreign money corridors, providing mid-market change charges and low charges with out hidden prices or FX markups.
The platform’s multi-currency company playing cards, out there in 9 main currencies together with USD and EUR, include no month-to-month charges and limitless 1% cashback on spending in over 150 currencies.
Kelvin Lam, Chief Working Officer of YouBiz, mentioned,
“China is a crucial market for a lot of of our prospects with growing cross-border funds made to Chinese language suppliers and companions.
We’re thrilled to introduce the CNY remittance hall as a part of our ongoing dedication to supporting companies of their international enlargement. This new service considerably enhances their capability to handle cross-border funds effectively, at a decrease value.”
