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YeePay has entered into a strategic partnership with TransferMate Global Payments to enhance cross-border payment infrastructure for businesses operating between China and global markets. The partnership signing was attended and witnessed by Irish Taoiseach, Micheál Martin.
By combining YeePay’s local payment capabilities in China with TransferMate’s global payment infrastructure, the two companies aim to deliver secure, efficient, and compliant solutions for cross-border collections and payouts. The collaboration is designed to support Chinese companies expanding overseas while making it easier for international businesses to enter and operate in the China market.
Meeting Growing Demand for Cross-Border Payments
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As global trade continues to digitalize, payment requirements across cross-border e-commerce and international travel are becoming more complex. Businesses are placing greater emphasis on settlement speed, compliance, security, and multi-currency support.
Through this partnership, YeePay and TransferMate will complement each other’s strengths to build a more competitive global payments ecosystem, helping enterprises manage international transactions more efficiently while meeting regulatory requirements across markets.
YeePay’s Role in China’s Cross-Border Payments Landscape
Founded in 2003, YeePay has more than 20 years of experience serving the Chinese market. The company pioneered industry-focused B2B payment solutions and was among the first payment institutions approved to pilot cross-border foreign exchange payment services in China.
Today, YeePay offers a one-stop global payment service system that includes global collections, global payouts, and global account services. These capabilities support fully online operations and enable secure, efficient fund flows across borders. Under the partnership, YeePay will provide customized cross-border payment solutions for TransferMate’s global clients, supporting China-related use cases such as e-commerce platforms, B2B trade, and aviation and travel services.
TransferMate’s Global Payment Infrastructure
TransferMate Global Payments provides payment infrastructure services to businesses worldwide. The company holds 100 payment licenses globally and operates a regulated payment network covering more than 200 countries and regions.
By using local payment rails and virtual account technology, TransferMate delivers compliant and cost-efficient cross-border collection and payment services to enterprises, financial institutions, and organizations of all sizes. As part of the partnership, TransferMate will provide YeePay with local payment capabilities across key markets, including Europe, North America, and Southeast Asia, supporting Chinese companies as they expand internationally.
Executive Perspectives on the Partnership
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Jean, General Manager of YeePay Global’s overseas business, said:
“Globalization is not simply about expanding business, but about connecting payment ecosystems. TransferMate’s global payment infrastructure complements our local service capabilities. This partnership will help Chinese companies access more efficient overseas payment services and make it easier for global businesses to operate in China, reflecting our mission that transaction services can improve everyday life.”
TransferMate’s Vijay Rao added:
“This partnership with YeePay represents an important step in strengthening global payment connectivity between China and international markets. By combining TransferMate’s regulated global payment network with YeePay’s deep local expertise, we are enabling businesses to move money across borders more efficiently, compliantly, and at scale. Together, we are removing complexity from cross-border payments and supporting enterprises as they expand globally.”
Looking Ahead
As the partnership continues to develop, both companies will remain focused on the needs of global trade enterprises. By improving payment efficiency and expanding service coverage across industries and regions, YeePay and TransferMate aim to support a more efficient, secure, and practical global cross-border payments ecosystem.
