Unicorn Currencies
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🏴󠁧󠁢󠁷󠁬󠁳󠁿→🇭🇰

Send Money from Wales to Hong Kong

Welsh companies and manufacturers paying Hong Kong suppliers. Send GBP from Wales, receive HKD in Hong Kong with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local GBP collection + local HKD delivery = no correspondent bank fees

Save £2,025 per £100k Payment

Wales to Hong Kong 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)
  • ✓ Local GBP collection
  • ✓ Transparent 0.5% spread
  • ✓ FPS (Faster Payment System)
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year

Sending from Wales: What You Need to Know

GBP Origin Specifics

  • Wales uses GBP currency
  • Post-Brexit customs documentation
  • FCA regulated payment services

Your Local Advantages

  • Local GBP account available
  • Faster Payments instant collection
  • No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.

Paying Suppliers in Hong Kong: Compliance & Requirements

Regulatory Considerations

  • HKMA (Hong Kong Monetary Authority) regulations
  • No VAT/GST (tax-free environment)
  • Business registration number required
  • AML/KYC compliance critical for financial hub

Payment Best Practices

  • Hong Kong = Asia's financial and trade hub, gateway to China
  • FPS enables instant HKD/CNY payments without SWIFT
  • Many suppliers are trading intermediaries (not manufacturers)
  • Competitive FX rates due to open market and competition
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via FPS (Faster Payment System)

Wales → Hong Kong Corridor Insights

Popular Industries

  • Trade & Logistics
  • Electronics
  • Finance

Peak Trading Hours

01:00-09:00 GMT (Asia business hours)

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 GBP from Wales to Hong Kong?

Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.

Open AccountView Hong Kong Details

Bank of Canada registered PSP | FINTRAC licensed MSB