Real-time payment service initiated by PagoNxt to China becomes operational
PagoNxt Payments, a leading payments solution provider, has announced the launch of a new strategic corridor for real-time payments services to China. This corridor is one of the twenty currency corridors developed by PagoNxt Payments, covering key regions from the Americas, Europe, the UK, to the Asia Pacific.
The new corridor aims to address open market opportunities by combining the agility of a paytech with the scale and reliability of a global financial institution. This move is expected to provide wider reach and greater efficiency for PagoNxt Payments' clients.
Clients can now instruct payments in their preferred currencies and access local exchange rates. The entity providing payment services to China is PagoNxt Emoney EDE, S.L. However, specific details about the supported currencies, channels, and benefits of the new corridor are yet to be disclosed.
José Luis Calderón, CEO of PagoNxt Payments, expressed his excitement about the launch, stating, "This corridor represents a breakthrough in providing interoperability from the European continent to China."
The corridor improves payment delivery dates by removing intermediaries from the chain, offering fast and traceable payments to China in Renminbi, US Dollar, or Euro. The service is available as a wholesale solution for financial institutions and corporates from today, and can be accessed through emoney.pagonxt.com.
The new corridor is a result of a collaboration agreement with a local Chinese bank, further enhancing PagoNxt Payments' global payment network. Payment delivery times are subject to the cut-off times of correspondent banks and the payment schema used to process the transaction.
For more detailed information about PagoNxt Payments' services related to China, it is recommended to consult their official announcements or press releases directly. Typically, real-time payment services involve supporting multiple currencies and utilizing various channels such as digital wallets or bank transfers to facilitate efficient cross-border transactions. The benefits usually include faster transaction processing, reduced costs, and enhanced security for both senders and recipients.
If you are interested in PagoNxt Payments' services specifically related to China, following their official communications or reaching out directly to their customer support might provide the most accurate and up-to-date information.
The new strategic corridor, launched by PagoNxt Payments, combines technology and finance by offering a paytech solution for real-time payments services to China, aiming to provide clients with wider reach and greater efficiency. This service, available as a wholesale solution for financial institutions and corporates, utilizes various technology channels to support multiple currencies (Renminbi, US Dollar, or Euro), ensuring faster transaction processing, reduced costs, and enhanced security.
