- Supported Modes
- P2P
- Supported Currencies
- CNY
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- Via all KYC Completed Alipay Wallets
- Cutoff & delivery timing
-
Realtime, 24x7
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number Remitter Identification Type Remitter Address Remitter Country Code Remitter Date of Birth Remitter Nationality Beneficiary Name Beneficiary Country Code Beneficiary Alipay Wallet ID Beneficiary Account Type Remit Purpose Code Payout Method - WALLET
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Sender Name will be visible in the Beneficiary"s wallet entry.
- Notes
-
Online Bene Registration on Alipay App (one-time per Bene) & Payment acceptance (per transaction) to be done in 72 Hrs. Beneficiary must be a Chinese National from Mainland China.
| P2P | |
|---|---|
| Min | 0 |
| Max | CNY 50,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- CNY
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks enabled with SWIFT
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 7:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter IDentification Type Remitter Identification Number Remitter Address Remitter Country code Remit Purpose Code Beneficiary Name Beneficiary Account Number Beneficiary Account Type Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary Postcode Routing Code Type 1 \u2013 SWIFT CODE Routing Code Value Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
Additional documentation may be requested by beneficiary bank to validate underlying transaction and receive credit into account. For WIRES, NIUM supports transactions with SHA Fee Type
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address (Recommended) Beneficiary City (Recommended) Beneficiary Postcode (Recommended) Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- CNY
- Network Participant
- VISA
- FX Source
- Live Interbank based rates from NIUM are available 24x7, including off-market hours
- Cutoff & delivery timing
-
1. 24x7 Availability
2. Real-time for Fast fund Enabled (Details on fast-fund enabled countries available on request)
3. T+2 for other countries
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Identification Number Remitter Country Code Beneficiary Card Number Beneficiary Name Beneficiary Country Code
- Notes
-
For more information, please contact your NIUM account manager team. Additional information and approval from VISA is required before this payout method can be made available. Origination of funds is allowed only from a set of countries as mentioned in the table below. In case the transaction currency does not match the destination card issuer currency, amount will be converted and credited in currency of the card issuer. In few countries, only few banks may allow the transactions. Below additional daily/monthly/yearly limits applicable for P2P transactions whichever reached first Per Day - 30 transactions or USD 10,000 per Beneficiary card Per Week - 50 transactions or USD 25,000 per Beneficiary card Per Month - 150 transactions or USD 50,000 per Beneficiary card. Below additional daily/monthly/yearly limits applicable for B2P/B2B transactions whichever reached first Per Day - 30 transactions or USD 50,000 per Beneficiary card Per Week - 50 transactions or USD 100,000 per Beneficiary card Per Month - 150 transactions or USD 200,000 per Beneficiary card.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | USD 50,000 | USD 50,000 | USD 2,500 | USD 50,000 |
- Supported Modes
- B2P, P2P
- Supported Currencies
- CNY
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All major banks in Mainland China (List Available)
- Cutoff & delivery timing
-
Real Time credit subject to cut-off window 07:00 to 22:00 local time 17 Banks - 5,000 USD per transaction, 10,000 USD per day, 50,000 USD per year
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification number Remitter Identification Type Remitter Address Remitter Country Code Beneficiary Name Beneficiary Country Code Beneficiary UPI Card Number Beneficiary ID Type Beneficiary ID Number Beneficiary Account Type
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- For Real time credit to 17 Banks - Beneficiary can see "Instarem" in their transaction details.
- Notes
-
For the Realtime Transactions - Minor positive differences in the amount credited to bene is possible. The beneficiary must be a Chinese National from Mainland China.
| B2P | P2P | |
|---|---|---|
| Min | 0 | 0 |
| Max | USD 3,000 | USD 3,000 |