• Home
• Media Outreach
• SUNRATE Secures Payment Business Licence In China

Jumat, 15 Agustus 2025 15:20:00

SUNRATE Secures Payment Business Licence In China

SINGAPORE - Media OutReach Newswire - 15 August 2025 - SUNRATE, the global payment and treasury management platform, today announced it has secured a payment business licence in China following its successful acquisition of a 100% stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. The RMB 315 million (USD 43.8 million) acquisition has received approval from relevant Chinese regulatory authorities. This transaction had been previously announced by the Transfer Group in an exchange filing dated April 1, 2025.

"This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships," said Paul Meng, co-founder at SUNRATE.

With the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course.

About SUNRATE
SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/

The issuer is solely responsible for the content of this announcement.

Hashtags: #SUNRATE

9 jam lalu

Semangat Kebangkitan dari Imigrasi sebagai Pintu Gerbang Negeri

Peringatan Hari Kebangkitan Nasional tahun ini juga menjadi simbol bahwa semangat persatuan dan optimisme harus terus dijaga. Dari Kota Dumai, pintu gerbang strategis di pesisir Ri

12 jam lalu

Transformasi Lele Sei Manasib di Tangan Rizky Lewat Inovasi Pakan Mandiri yang Dongkrak Omzet Puluhan Juta

Kini, bagi Rizky, kolam lele bukan lagi sekadar tempat mencari penghidupan. Di balik air kolam yang tenang, tumbuh keyakinan baru bahwa keterbatasan bukanlah akhir dari perjuangan.

kemarin

Survei Publik Sangat Baik, Imigrasi Dumai Tegaskan Komitmen Pelayanan Bersih dan Prima

Tingginya penilaian publik tersebut tidak hanya mencerminkan kepuasan masyarakat terhadap kualitas layanan, namun juga memperlihatkan keberhasilan reformasi birokrasi yang terus di

2 hari lalu

Kini Semua Pekerja Pertamina Patra Niaga Kilang Dumai Bisa Stop Pekerjaan Tak Aman

Melalui penerapan kebijakan Stop Work Authority, Pertamina Patra Niaga Kilang Dumai menegaskan komitmennya dalam menjadikan keselamatan kerja sebagai prioritas utama.