MoneyExpress is a cross-border remittance service that has been launched by UnionPay International in 45 countries and regions including the US, Japan, Singapore, Australia, the UK, Russia, and Kyrgyzstan. Around the world, there are only 20 cooperating institutions supporting the service of MoneyExpress including banks like CIBC, Kookmin bank as well as specialized institutions such as MoneyGram, XOOM and TransferWise.
Aleta Planet is proud to be the only sending institution in Singapore that supports this service. As a principle member of UnionPay International, we are proud to be able to enable people outside of Mainland China to make cross-border remittance easily and seamlessly to UnionPay card holders. UnionPay cardholders in Mainland China are able to receive the remitted funds in RMB and are able to make purchases or withdraw the funds – all without having to handle the payment of remittance and foreign exchange settlement.
Aleta Planet is also proud to be able to support the service and be the only sending institution in the World offering MoneyExpress to enable our customers to successfully remit their funds and have it deposited into their recipient’s account in 60 secs. At Aleta Planet, we strive to always provide our customers integrated solutions that are fast, seamlessly and secure.
MoneyExpress settles the exchange rate in advance and deposits the remittance into the recipient’s UnionPay account in RMB, and the payee does not need to handle the payment of remittance and do away with the bank service fee – all deposited into the recipient’s account in real time or within 12 hours, and with Aleta Planet – in 60 secs. For the full list of the sending institutions around the globe supporting MoneyExpress, click here: https://m.unionpayintl.com/sg/servicesProducts/serviceEquity/moneyExpres/