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FOREX-CNY Settlement

In order to resolve these small and medium export sellers need to bear higher collection and foreign exchange costs, UQPAY officially launched a low-cost and high-efficiency large-amount RMB foreign exchange settlement service for cross-border e-commerce enterprises.

Support multi-Currencies
Support multi-national currencies, you can now receive money globally without leaving home.
Best Exchange Rate
Provide the best exchange rate and locked FX, avoid high exchange losses.
Settlement Shorten to T+2
UQPAY adopts a real-time settlement mechanism to ensure that customers can receive funds within two working days after initiating foreign exchange settlement and payment.

Applicable scenarios

Cross Border eCommerce / Foreign Export/ Import Purchases

How it work

1

Trade Receipts

13 currencies around the world are supported to receive payments. Use your local bank account to receive payments faster!

Supported currencies

USD
SGD
EUR
GBP
CNH
HKD
JPY
AUD
CAD
NZD
NOK
SEK
CHF

Receivables sources

The transaction funds of products acquired through UQPAY are settled and recorded in the system.
Redirect the external settlement for payment transactions on other e-commerce platforms such as shopify, Amazon, AliExpress, Ebay to UQPAY account.
Payment made by contracted party's fund is directly remitted into the VAs.
2

Exchange

You need to convert the foreign currency received into offshore RMB (CNH) through UQPAY's exchange product.Provide the best exchange rate and locked FX, avoid high exchange losses.

3

Forex Settlement

Supports payout to Chinese companies and their employees.

step 1
The merchant initiates a foreign exchange settlement application and submits relevant documentation.
step 2
UQPAY reviews the materials and submits them to the bank for approval of foreign exchange settlement
step 3
The foreign exchange settlement is completed, and the funds are credited to the merchant’s foreign exchange settlement account.
step 4
Await merchant’s instruction for payout.

Ready to get started?

Begin your payment journey with UQPAY from here

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  • Simple registration
  • Fast application
  • Global payment
  • Submit information and documentation about your business for approval
  • Access the UQPAY Merchant System and apply for your preferred Web Payment Products
  • Start accepting payments on your website with UQPAY.
  • Simple registration

    Submit information and documentation about your business for approval

  • Fast application

    Access the UQPAY Merchant System and apply for your preferred Web Payment Products

  • Global payment

    Start accepting payments on your website with UQPAY.