Simplify payments with China and the world. For all-in-one business transactions.

Simplify payments with China and the world. For all-in-one business transactions.

No Minimum Deposit
or Balance

Fast & Guaranteed
Payments to China

Lower Fees
than Banks

Direct FX Rates
for China

Prompt Settlement
from T+1

Business transactions have never been easier with UnionPay Digital Business Account

Fully digital and secure, manage
day-to-daypayments with ease and speed.


Simplified documentation and transactions via app or digital form.

Quick Signup

Open your Business Account in just 5 days. 100% online for a hassle-free process.


Be assured of guaranteed payments through the
UnionPay network

A digital account suited for your business needs

Choose ease, speed and certainty for your China-centric business

Send or receive money in an instant

Remit money to any UnionPay personal account within 60 seconds, or to any other bank account within 3-5 working days.

Build trust with prompt payments

Pay your suppliers in China within T+2, through a singular UnionPay network. No multiple intermediaries, no delays.

Make payments with ease of mind

Skip the hassle of tracking lost payments to China. With UnionPay Digital Business Account, your payment is routed directly through UnionPay to your supplier’s operating account, for certainty and peace of mind.

Simplify your payments

Say goodbye to endless documentation and multiple forms. Through UnionPay Digital  Business Account, one simple digital form is all it takes.

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.

Take advantage of the best foreign exchange rates

With UnionPay, get the best FX rates and a direct SGD to RMB conversion.

Stay on top of your budget with ease

Set payment limits and get real-time transaction notifications.

Prompt settlements to boost cash flow

Smoothen your business’ cash flow with prompt T+1 (SGD) to T+3 (USD) settlement of your sales collection.

Frequently Asked Questions

Who is Aleta Planet?

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

What currency is the Business Account in?

The funds in your business account may be held in SGD or USD.

How do I apply for a Business Account and what are the documents required?

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)


Director’s identification

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

Is there any restriction on foreign ownership to open a Business Account?

No, there is no restriction on your company’s foreign ownership or shareholders

How do I deposit funds into my Business Account?

The funds in your business account will be deposited by your company administrator.

Is there a minimum or maximum deposit limit for my Business Account?

There is no minimum or maximum deposit limit for your business account.

What exchange rate will be used in cross-border payments?

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.

Can I make payment to any type of supplier?

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.

Can the payment be made to the Chinese supplier’s UnionPay personal account or commercial (operating) account?

Both UnionPay personal accounts and commercial (operating) accounts are acceptable. You would simply need to indicate accordingly in the payment form submitted.

Open a UnionPay Digital Business Account in 3 Easy Steps

Find out more about our 3-step account opening process

Step 1

Fill in and submit the Business Account Enquiry form online.

Step 2 

We will get in touch with you shortly to understand your business requirements.

Step 3 

Our team will assist you in completing the onboarding process to set up your business account.

UnionPay Digital Business Account Enquiry Form

Please fill in the form provided on this page and we’ll get back to you as soon as possible.

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