Paysera starts offering transfers in USD to China

With the Christmas season approaching, Paysera, one of the longest-operating fintech companies in the Baltics, has offered businesses the opportunity to pay for goods, commodities, and technology in US dollars to manufacturers and suppliers based in China.

„China and the US are the European Union’s main trading partners, which makes the money passage from Europe to these countries important for businesses that buy goods, technology, or production components. We have already supported US dollar transfers to the US, and now we have something to offer to those importing from China as well.” – says Gintautas Mežetis, CEO of Paysera LT.

The ability to send US dollars to China is a result of an agreement and integration with the international financial services platform Airwallex. This agreement opens the gateway for Paysera’s clients to send money to 149 countries and open IBAN accounts of 9 countries. 

According to the EU, EU imports from China in 2019 reached 363 billion EUR and 472 billion EUR in 2021. On a daily basis, the EU imports 1.3 billion EUR worth of Chinese-made products.

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Paysera is a fintech company that provides products ranging from a payment gateway for e-shops to money transfers, currency conversion, payment cards, an event ticketing platform, a parcel locker network (to be launched), and a top-notch finance management app. Launched in 2004 in Vilnius, Paysera is the first licensed e-money institution (EMI) in Lithuania, with 300 people working in 15 different cities worldwide. With over one million app installs and growing, Paysera aims to push the boundaries and become an industry-leading super app that provides financial and lifestyle services across the globe.