UnionPay International (“UPI”), a leading global payment service provider, is pleased to announce the launch of the UnionPay Money Express service on October 1, 2021 with Solidarnost Bank. Bank customers can make fast cross-border transfers from their account or card to China and the CIS countries without having to go to a Solidarnost branch.
Customers with a Solidarnost Bank account or card can transfer funds across the border, regardless of where they are, simply using the bank’s mobile application “Solidarnost Online” or access to “Internet banking” in the bank’s branches “System received.
Money Express is UPI’s cross-border money transfer service launched in 45 countries and regions including the US, Japan, Singapore, Australia, the UK and Russia. Unlike traditional international telegraphic transfers, Money Express is able to agree a favorable exchange rate in advance and in most cases deposit the transfer directly into the recipient’s UnionPay account in real-time. To simplify the process for users, only the recipient’s name and UnionPay card number are required to complete the transfer.
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Xia Yu, Head of UnionPay International Russia Branch, said, “Over the past year, the volume of money transfers through our Money Express service has increased. We are pleased that more and more Russian banks have joined the Money Express service and are thus offering local customers a convenient, fast and secure way of transferring money to UnionPay cards. ”
Solidarnost Bank has launched a campaign that enables its customers to make Money Express transfers to the Republic of Uzbekistan without bank commission until December 31, 2021. Please read here more about the rules of the action.
Information about Solidarnost Bank
Solidarnost Bank ranks among the largest Russian financial institutions with a rating of B + (RU) and a stable forecast. The bank is one of the most reliable in Russia and has been recognized at regional and federal levels for its economic and financial achievements.
