Fuiou Pay and Visa Join Forces to Empower Chinese SME Exporters with Global Payment Solutions

269

Shanghai-based global payment company Fuiou Pay has established a strategic partnership with Visa cross-border solutions (VXBS) to broaden global prospects for its small and medium-sized enterprise (SME) exporter clients in China. This collaboration enables these SMEs to access a comprehensive, secure cross-border funds collection and settlement solution, along with competitive foreign exchange (FX) rates for over 30 currencies.

By integrating VXBS into its platform, Fuiou Pay extends a holistic payment service, unlocking global trade opportunities for its diverse clientele, which includes SME exporters, e-commerce businesses, and online travel agents. This partnership facilitates end-to-end money movement and leverages the robust FX capabilities of VXBS. Moreover, Fuiou Pay has acquired Visa’s membership, allowing seamless payments within Mainland China with cards issued by overseas issuers, thereby expanding its clients’ reach.

Through VXBS’s USD collections and FX conversion, coupled with access to Visa Payables Automation solutions, SME exporters partnering with Fuiou Pay now benefit from a cost-effective, frictionless, and secure payment platform, enhancing their growth potential.

Hu Tao, Director of the Business-to-Business Cross-Border Payment Department at Fuiou Pay, expressed, “VXBS is a safe, stable, efficient, and powerful platform that aligns perfectly with our exporter clients’ needs. It supports remittance from more than 200 countries and territories worldwide with over 30 currencies, providing convenience for our global trading clients and enabling us to better serve all our customers.”

Rohit Narang, Vice President of Cross-Border Solutions, Asia Pacific at Visa, emphasized the significance of this partnership by stating, “Visa cross-border solutions aim to make international money transfers as smooth, simple, and secure as local transactions, even for the smallest businesses. By embedding VXBS into its platform, Fuiou Pay is truly levelling the playing field for its China-based SME clients and opening up new global opportunities for them.”