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Russian Sberbank launches mobile money transfers to China

February 2, 2022
Source: uktimenews.com uktimenews.com
News Snapshot:
MOSCOW: Russia’s biggest lender, Sberbank, announced on Tuesday that it has launched money transfers to Alipay wallets in China using phone numbers. State-controlled Sberbank, which has customers in 18 countries, launched the service with Western Union. For a 1% transfer fee, customers can fund an Alipay account in Chinese yuan with only the recipient’s full name and phone number. “We added one more country to Sber’s cross-border remittance geography today. I’m sure remittances to China will be sought after by our customers,” said Leonid Shnyr, Director of Payments and Transfers at Sber. Sberbank. Interbank transfers using a mobile phone number...
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China Tech Buzz Topics: Alibaba | Alipay | Ant Group | bank | China | Chinese | currency | fee | fund | geography | IT | mobile | mobile phone | Moscow | online | online payment | online shopping | phone | Renminbi | Russia | Russian | service | union | Yuan

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