What is Asia Union International Payment? Asia Union International Payment Review

Main Business

1. Cross-border payment

Asia Union International Payment provides one-stop cross-border financial services such as collection, payment, offshore same-name account, VAT payment, supply chain finance, etc. for cross-border export e-commerce sellers. It supports multiple settlement currencies such as US dollar, British pound, euro, etc. Asia Union International Payment has established overseas branches in Hong Kong, China, the United States, Lithuania, Dubai and other places, and holds the corresponding overseas financial payment licenses.

2. Offshore accounts

The core business of Asia Union International Payment also includes offshore same-name accounts. As an offshore collection account, this account serves general foreign trade customers and can support both overseas cash withdrawals and overseas payments. Customers can freely settle trade funds, settle foreign exchange independently, and realize free transfer and retention of funds.

3. Supply Chain Finance

The capital cost of this product is about 50% to 70% of the cost of similar products in mainland China. The global supply chain fund allocation is freer and more convenient than in mainland China. It can avoid exchange rate losses caused by repeated cross-border exchange of sellers' funds.

Payment Features

1. Fund security

We hold domestic and international payment licenses granted by regulatory authorities in various countries, and our system security and risk control procedures meet international standards.

2. Multi-dimensional payment

Support enterprises and individuals to withdraw funds to mainland public or private RMB accounts, or directly transfer funds in the original currency to overseas public or private bank accounts.

3. Global Currency

Support opening bank accounts in multiple mainstream currencies. Merchants can apply for account opening at any time 24 hours a day, 7 days a week after the certification materials provided by the merchant pass the KYC review.

Core Advantages

1. Industry unions

• The only "finance + logistics" in the industry;

• Integration of solution service providers and the entire industry ecosystem platform;

• Covering payment, finance, and logistics;

• Marketing, funds, research institutes, etc.

2. Compliance capabilities

• Fund security;

• Anti-money laundering and anti-fraud;

• Regulatory compliance;

• System security and privacy protection.

3. Service capabilities

• Ultra-low withdrawal fees;

• Enjoy discounts on major customer rates;

• It can lock the real-time exchange rate of major banks and realize independent foreign exchange settlement with zero exchange loss;

• 7 * 24h, fast cash withdrawal to your account anytime, anywhere.

Development History

-On July 2, 2015, Asia Union Data Network Co., Ltd. (referred to as "Asia Union International Payment") was established.

-On June 27, 2017, Shanxi Yilian Payment, a company of Asia Union International Payment Association, renewed its payment business license submitted by the People's Bank of China to enter the payment field.

-On February 20, 2019, Asia Union International Payment obtained the MSB (Money Service Business) financial payment license submitted by the U.S. Treasury Department.