Which remittance methods are supported?

How to check which remittance methods are supported on App:

BiyaPay supports local and international remittances. When you bind the receiving bank account, you can view the specific remittance methods supported, and the specific information shall be subject to the display when binding.

How to check which remittance methods are supported on Web:

1. On the [Remittance] page, add the receiving bank account

2. After selecting the country and currency, you can view the currently supported payment methods in the "Payment Method" option.

Local Remittance

Local Transfer

Applicable Scope: Fund transfer between bank accounts within the same country or region.

Features:

Low Cost: Usually low cost, some banks even provide free services.

Fast: Funds usually arrive within a few minutes to a few hours, sometimes may take 1-2 working days.

Remittance Method: Remittance by wire transfer.

Security: Protected by the bank's security system to ensure transaction security.

Singapore FAST Remittance

Applicable Scope: Instant fund transfer between Singapore bank accounts.

Features:

Instant Transfer: Funds usually arrive within a few seconds.

24/7 Service: Operates 24 hours a day, 365 days a year.

Low Cost or Free: Specific fees depend on bank policy.

Security: Advanced security technology and protocols are used to ensure the security of funds and information.

Hong Kong FPS Remittance

Applicable Scope: Instant fund transfer between Hong Kong bank accounts and stored value payment tools.

Features:

Instant Transfer: Usually completed within a few seconds.

24/7 Service: Operates 24 hours a day, 365 days a year.

Currency Support: Supports Hong Kong Dollar.

Security: Advanced security technology and protocols are used to ensure the security of funds and information.

US ACH Remittance

Applicable Scope: Electronic fund transfer between US domestic bank accounts.

Features:

Low Cost: Lower cost compared to wire transfer.

Wide Application: Used for payroll, bill payment, person-to-person transfer, etc.

Transaction Time: Usually takes 1-2 working days to complete.

US ABA Remittance

Applicable Scope: US domestic bank transfer using ABA number.

Features:

ABA Number: Used to identify specific US banks or financial institutions.

Main Application: Used for check processing, ACH remittance and wire transfer, etc.

Identification Function: Ensure the accuracy and efficiency of fund transfer.

International Remittance

SWIFT Remittance

Applicable Scope: International remittance between bank accounts in more than 200 countries and regions worldwide.

Features:

Global Coverage: Connects tens of thousands of financial institutions worldwide.

High Security: Uses highly encrypted technology and strict security protocols.

High Efficiency: Usually completed within 1-5 working days, specific time depends on bank processing speed.

Fees: May include fees from the sending bank, receiving bank and intermediary bank.

SEPA Remittance

Applicable Scope: Euro payments between Eurozone countries.

Features:

Coverage Area: Applicable to all member countries in the European Economic Area and some other European countries.

Unified Standards: Uses unified payment standards and processes.

Fast and Efficient: Usually completed within 1-2 working days.

Low Cost: Fees are transparent, usually low, sometimes even free.