🇨🇳→🇸🇬
Send Money from China to Singapore
Businesses in China paying Singapore suppliers for Electronics. Send CNY from China, receive SGD in Singapore with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: T+0 (2.3s avg within Unicorn network) with transparent pricing
Save £2,025 per £100k Payment
China to Singapore corridor savings
Traditional Bank
£2,530
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Fast conversion
- ✓ Transparent 0.5% spread
- ✓ PayNow Corporate
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year
Sending from China: What You Need to Know
CNY Origin Specifics
- CNY managed by PBOC
- CIPS payment system
- Capital controls on outflows
Your Local Advantages
- Fast CNY conversion
- Competitive rates for CNY collection
Paying Suppliers in Singapore: Compliance & Requirements
Regulatory Considerations
- MAS (Monetary Authority of Singapore) oversight
- GST (9%) documentation required
- UEN (Unique Entity Number) mandatory for all businesses
- Strict AML/CTF compliance (FATF Tier 1)
Payment Best Practices
- Singapore = Asia's financial and tech hub, extremely efficient
- PayNow Corporate enables instant SGD payments without SWIFT fees
- English-speaking, business-friendly environment
- Strategic location for Southeast Asia supply chains
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via PayNow Corporate
China → Singapore Corridor Insights
Popular Industries
- Electronics
- Petrochemicals
- Finance
Peak Trading Hours
CST (GMT+8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CNY from China to Singapore?
Save 80% on every payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB