China
Accept Payments in China with Local Methods & Stablecoins
One integration to accept eWallets, bank transfers, cards, and stablecoins all in one place. Send and receive money your way, with the flexibility to choose what works best.
China is a massive, fast-growing digital economy
China is a global leader in digital payments, with mobile wallets accounting for over 80% of transactions
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Population
Most populous country in the world
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E-commerce volume
Annual GMV in 2025
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Internet users
78% internet penetration rate
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Online shoppers
Growing 8% YoY
What are payment method trends in
China
Discover variety of payment options in China
Wallets
Money that lives in the app
Bank Transfer
Move money directly from bank to bank
QR
One scan, any bank, any wallet
Mobile Money
Financial access through mobile networks
Frequently Asked Questions
What is Chinese yuan (CNY)?
Chinese yuan (CNY) is the official currency used in China. It is commonly used for domestic payments, business transactions, and cross-border transfers.
How can businesses send money in Chinese yuan with TransFi?
Businesses can send CNY through TransFi using local payment methods, bank transfers, or stablecoin-powered settlement, ensuring faster payouts and predictable delivery.
How can businesses receive Chinese yuan payments?
Businesses can collect CNY using local payment methods preferred by customers in China, improving success rates and customer trust.
How fast are Chinese yuan transactions processed?
Transaction speed depends on the payment method used, but TransFi enables faster settlement through local rails and stablecoin infrastructure, often within minutes.
What payment methods are available for Chinese yuan?
TransFi supports a range of payment methods for CNY, including bank transfers, wallets, real-time payment systems, and other local options based on the market.
Is it safe to transact in Chinese yuan with TransFi?
Yes. TransFi follows global compliance standards, including KYC/KYB, transaction monitoring, and secure infrastructure to ensure safe and reliable payments.
Does TransFi support currency conversion to and from Chinese yuan?
Yes. Businesses can convert CNY to other currencies or stablecoins with transparent pricing and predictable settlement timelines.
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