Business transactions have never beeneasier with AP-1 Business
Fully digital and secure, manage
day-to-daypayments with ease and speed.
Simplified documentation and transactions via app or digital form.
Open your Business Account in just 5 days. 100% online for a hassle-free process.
Be assured of guaranteed payments through the
A virtual account suited for your business needs
Choose ease, speed and certainty for your China-centric business
Make payments with ease of mind
Skip the hassle of tracking lost payments to China. With AP-1 Business, your payment is routed directly through UnionPay to your supplier’s operating account, for certainty and peace of mind.
Broaden your range of payment options
Enable your business to accept customer payments through UnionPay, WeChat Pay, PayNow, JCB, Discover and Diners Club. Expand your customer base and drive business growth.
Aleta Planet is a direct acquirer and issuer of UnionPay International, offering cross-border, multi-currency transactions safely and securely. As a global payment facilitator that interconnects different payment options and types, Aleta Planet prides itself on simplifying efficient online payments. We provide payment services under the Payments Services Act 2019, regulated by the Monetary Authority of Singapore.
More information can be found on https://www.aletaplanet.com/about-us/.
The funds in your business account may be held in SGD or USD.
Simply fill in our online enquiry form, and we will contact you within 1-2 working days. Below is the list of documents required.
Business Account Application Form and Agreement
Provided by Aleta Planet
Company Business Registration Proof
ACRA (Singapore) / Form NAR1 Annual Return (Hong Kong) / SSM Company Profile (Malaysia) / ASIC Business Register (Australia)
Identification card / Passport / Driver’s license
Other supporting documents/information
Company’s proof of address
Company’s bank statement or company cheque confirming the Account holder and bank name
Ultimate Beneficial Ownership (UBO) declaration
No, there is no restriction on your company’s foreign ownership or shareholders
The funds in your business account will be deposited by your company administrator.
There is no minimum or maximum deposit limit for your business account.
You may refer here for an indicative exchange rate on the date of your payment request. As the payment will only be settled within 2 business days, the difference between indicative and actual exchange rates will be debited / credited to your account.
Payments can be made to suppliers who trade in physical goods and have been pre-registered with Aleta Planet. We are working to support suppliers in service sectors soon.
Both UnionPay personal accounts and commercial (operating) accounts are acceptable. You would simply need to indicate accordingly in the payment form submitted.
Open an AP-1 Business Account in 3 Easy Steps
Find out more about our 3-step account opening process
Fill in and submit the Business Account Enquiry form online.
We will get in touch with you shortly to understand your business requirements.
Our team will assist you in completing the onboarding process to set up your business account.
AP-1 Business Account Enquiry Form
Please fill in the form provided on this page and we’ll get back to you as soon as possible.