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Russia's Sberbank launches mobile money transfers to China

February 2, 2022
Source: dailymagazine.news dailymagazine.news
News Snapshot:
MOSCOW (Reuters) - Russia's largest lender Sberbank on Tuesday said it had launched money transfers to Alipay wallets in China using phone numbers. State-controlled Sberbank, which has customers in 18 countries, launched the service together with Western Union. For a transfer fee of 1%, customers can credit an Alipay account in Chinese yuan with just the recipient's full name and phone number. "We have added one more country to the geography of Sber's cross-border transfers today. I am certain that remittances to China will be sought after among our clients," said Leonid Shnyr, Sberbank's director of payments and transfers. Inter-bank...
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