BiyaPay supports both local and international remittances. When you link your receiving bank account, select the country, currency, and payment method.

Local Remittance

1. Local Transfer

• Scope: Fund transfer between bank accounts in the same country or region.
• Features:
• Low fees: Usually low fees, some banks even provide free services.
• Fast: Funds usually arrive within a few minutes to a few hours, sometimes it may take 1-2 business days.
• Remittance method: Remittance is made by telegraphic transfer.
• Security: Protected by the bank's security system to ensure transaction security.

1. Singapore FAST Remittance

• Scope: Instant fund transfer between Singapore bank accounts.
• Features:
• Instant transfer: Funds usually arrive within seconds.
• 24-hour service: 24 hours a day, 365 days a year.
• Low or free fees: The specific fees depend on the bank's policy.
• Security: Use advanced security technologies and protocols to ensure the security of funds and information.

1. Hong Kong FPS Remittance

• Scope: Instant fund transfer between Hong Kong bank accounts and stored value payment tools.
• Features:
• Instant transfer: usually completed within seconds.
• 24/7 service: operates 24 hours a day, 365 days a year.
• Currency support: supports Hong Kong dollars.
• Security: uses advanced security technologies and protocols to ensure the security of funds and information.

1. US ACH remittance

• Scope of application: electronic fund transfers between domestic bank accounts in the United States.
• Features:
• Low cost: lower cost than wire transfers.
• Widely used: used for salary payments, bill payments, inter-personal transfers, etc.
• Transaction time: usually takes 1-2 business days to complete.

1. US ABA remittance

• Scope of application: domestic bank transfers in the United States using ABA numbers.
• Features:
• ABA number: used to identify a specific US bank or financial institution.
• Main applications: used for check processing, ACH remittances and wire transfers, etc.
• Identification function: ensure the accuracy and efficiency of fund transfers. International Remittances

1. SWIFT Remittances

• Scope of application: international remittances between bank accounts in more than 200 countries and regions around the world.
• Features:
• Global coverage: connecting tens of thousands of financial institutions around the world.
• High security: using highly encrypted technology and strict security protocols.
• High efficiency: usually completed within 1-5 business days, depending on the bank's processing speed.
• Fees: may include fees from the remitting bank, the receiving bank and the intermediary bank.

1. SEPA Remittances

• Scope of application: euro payments between eurozone countries.
• Features:
• Coverage area: applicable to all member states of the European Economic Area and some other European countries.
• Unified standards: using unified payment standards and processes.
• Fast and efficient: usually completed within 1-2 business days.
• Low fees: fees are transparent, usually low, and sometimes even free.