What we provide
The remittance industry experienced significant growth in the past decade and will probably continue to expand in the following years. The increased immigration rate of people in search of work or educational opportunities is likely one of the main causes.
Today, remittances represent the largest flow of funds into the developing world, surpassing foreign direct investments and official development assistance. Some developing economies are heavily dependent on cash that comes from abroad, making remittances a substantial component of their economy. As such, migrant worker’s transfer is now one of the main sources of income for many countries.
Aleta Planet’s remittance and foreign exchange solutions caters possible multiple channels, online portals, mobile applications and stores. We work with our clients to customise their preferences with our remittance technology with our highly regulated, secured, and convenient and a fast transaction.
Aleta Planet also interconnects between MoneyExpress, the UnionPay remittance platform, and Aleta Planet’s engine to facilitate cross-border payments into mainland China from international markets.
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How you will benefit
HR, Remittance Company & Financial Institutions
Aleta Planet provides financial institutions a comprehensive white-label solution for launch or expansion of their payment business. Our solution is ready to use and helps clients avoid the hassles of heavy investment and long gestation periods in research and development to build their remittance platform. Our proprietary remittance and foreign exchange solutions are designed to cater for all possible business configurations in terms of multiple channels, online portals, mobile applications and stores.
Our ready payment solutions suite facilitates online remittances to China, in just 60 seconds! It also contains a merchant acquiring module, with dedicated merchant portal and payment gateways, for issuing to virtual accounts and cards. What’s more, you can easily re-brand and market these services under your own portfolio and get into business.
As with all Aleta Planet’s corporate solutions, our remittance service is also built on our three core values – Simple, Secured and Sustainable.
Our international money remittance service is simple and fast because of the innovative online design that takes remittances beyond the realm of traditional physical remittance mechanisms. Clients no longer need to personally visit a remittances outlet as many Chinese professionals currently do, in Singapore. Their beneficiaries of such funds can easily encash the money at all banks or ATM machines that have UnionPay card acceptance in China.
Our remittance transactions are processed on a secured UnionPay network with its unique UnionPay proprietary application programming interface (API) with secured Remittance Verification Transaction (RVT) / Online Remittance Transaction (ORT). Therefore, there is no 3rd party involvement throughout the remittance process.
This remittance service is highly regulated and in consonance with the local laws – Aleta Planet is licensed in Singapore, to provide this service. It is sustained by UnionPay network, which allows for real-time authentication with UnionPay and the State Administration of Foreign Exchange of China to meet the relevant capital control standards in China.
Are you ready to make your next move?
If you are in need of a payment solution, get in touch with us now. We’d be happy to share more about our innovative transaction technology: ensuring convenient, safe and quick solutions.