SUNRATE recently launched "E Hui Da", a digital B2B payment platform, along with China UnionPay Merchant Services Co., Ltd. (hereinafter referred to as China UMS) and E&P International. The platform will provide safe and efficient settlement services for China’s importers and further enhance cross-border trade facilitation.
With China's foreign trade embarking on a new era of rapid development, its monthly import and export volume had achieved positive growth for 19 consecutive months, according to the statistics from June 2020 to December 2021. As foreign trade booms, enterprises are seeking more efficient settlement support in their global business operations.
SUNRATE, China UMS and E&P International, combining the trio’s ample expertise and mature corporate services in the payment field, developed the digital B2B payment platform "E Hui Da" for domestic importers. By providing a one-stop digital settlement experience with simple processes, lower costs and faster payments, ‘E Hui Da’ empowers enterprises to better integrate with the global trading environment.
Since its launch, the "E Hui Da" platform has served hundreds of importers across diverse industries, including top trading companies with annual import figures in excess of USD $2 billion.
“All we have to do is to open an account on the "E Hui Da" platform, the transaction can be processed in as quick as five minutes, and the beneficiary may receive the payment in an hour. In addition, the transaction fee is also lower than other traditional channels”, says one of the clients.
Complimented by its efficiency and professional services, "E Hui Da" has enjoyed unequivocal praise from many enterprise customers, with platform transactions reaching record highs time and time again. This innovative platform will drive renewed vigor of the digital transformation for global trade and help Chinese importers gain new competencies. In the future, SUNRATE, China UMS and E&P International will continue to explore more innovative solutions to facilitate the development of cross-border trade together.
SUNRATE started in 2016 and is committed to offering intelligent global payment and treasury solutions for business clients around the globe. SUNRATE has presence in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, supporting clients with international business in 130+ countries. As a strategic partner with top banks like Citibank, Standard Chartered Bank, and the principal member of Mastercard and Visa, SUNRATE continually provides one-stop digital services to global businesses.