Traditionally, cross-border payments made via telegraphic transfer can be slow. It is not uncommon for the transactions to be unsuccessful, which causes delays. On top of that, merchants are charged a high foreign exchange rate with the bank’s buying rate.

MoovPay allows you to conveniently send and receive cross-border payments by sending a link of the payment page or a QR code to your client. MoovPay wants to help you to reduce the cost and time of collecting and managing payments. With MoovPay, you can also send payment reminders to your client before the bill is due.

MoovPay understands that merchants want the most convenient, safest and quickest solutions for cross-border transactions. MoovPay is here to help you to do so conveniently, safely and quickly.

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Benefits & Features

  • Quick and hassle-free to send and receive cross-border payments with other businesses.
  • Low foreign exchange rate compared to bank’s exorbitant buying rate.
  • Set a payment reminder to your client before their bill is due.
What is UnionPay B2B?

UnionPay B2B is a specialised channel that UnionPay has developed specifically to provide Business to Business payments using UnionPay’s channel and network. Through UnionPay B2B, UnionPay seeks to deliver a more efficient, secure, convenient and all-day services of enterprise payment solution for businesses. Adopting digital payment technologies, UnionPay promotes development of trading between China and other countries or regions, especially the “Belt and Road” Countries.

What Is the Difference Between B2B And B2C?

As the UnionPay B2B is a specialised channel for payments between businesses and traders, the transaction limit is higher than that of the normal UnionPay channel.

How Is MoovPay Involved in UnionPay B2B?
As an UnionPay Certified Principal , MoovPay actively works with UnionPay to further develop new channels and payment innovations. MoovPay is the first UnionPay Acquirer globally to work with UnionPay to develop and start acquiring merchants to use the UnionPay B2B channel.
What Is the Difference in The Signing Up Process For UnionPay B2B?
As the UnionPay B2B is a specialised payment channel catered for Business to Business transactions, a more stringent and detailed review will be done by both MoovPay and UnionPay to qualify a business to use the B2B channel.
What Are the Documents Required for Signing Up with MoovPay For B2B Merchants?
For B2B Merchant sign up, Merchants are required to submit the following documents to MoovPay: Mandatory Documents: • Copy of Business License(integrate the business license the organization code certificate and the certificate of taxation registration into one document); • Copy of Certificate of Incumbency (if applicable); • Identification Documents of all Shareholders and Directors; • A copy of your bank statement or cheque that includes the account holder name, account number and logo or name of your bank. Optional Documents When Required: • Customs Record Certification; • Letter of Authorization and registrant’s identity materials (should be provided when the registrant is not the legal person); • Certification of Category A export enterprises in the list of revenues and expenditures enterprises in foreign exchange; • Other documents that help to prove the import and export qualification of the enterprise, as well as trading contracts.
What Are the Transaction Limits of The UnionPay B2B?
The transaction limits will be set as high as the trading contracts or any supporting documents that your business can provide.
Are Both Parties Required to Register For The Platform?

No. Only the business merchant receiving the payments needs to be registered. The paying party does not need to be registered on the platform.

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