China Commodities City launched global payment platform for Yiwu market

 

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Zhejiang China Commodities City Group, the e-commerce services provider to the world’s largest wholesale market for small commodities in Yiwu, introduced its online payment platform.

YiwuPay will enable over 900,000 businesses as well as 2.1 million micro and small companies located in Yiwu to conduct cross-border payments, it said.

YiwuPay has already partnered with over 400 banks worldwide, can perform transactions in 16 of the world’s biggest currencies and can be used in more than 100 countries and regions, it said.

YiwuPay is able to carry out real-time monitoring of the whole transaction . . .

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