ProPay, a TSYS company, announced the expansion of its global disbursement funds and commissions platform to UnionPay cardholders in mainland China. ProPay makes it simple for U.S. companies to distribute funds to consumers in mainland China using UnionPay International’s MoneyExpress program, which provides easy access to funds throughout the country.

Earlier this year, ProPay expanded its disbursement platform to support international payment processing and global commissions in 180 countries, and in more than 130 currencies. With the expansion of these capabilities to China, ProPay clients have even broader paying power.

“For companies that operate on a global scale, dealing with exchange rates, cross border fees and other financial hurdles can result in increased costs and frustration,” explained Dave Duncan, president of ProPay. “Unlike our competitors, ProPay has the ability to remove these roadblocks by offering a convenient, cost-effective approach. Our clients who conduct business in mainland China can now get their distributors paid quickly, and no hidden fees are incurred.”

ProPay’s enhancement to its global disbursements and commissions platform offers customers a variety of unique capabilities for disbursing funds to UnionPay cardholders in mainland China, including:

• Disbursement of funds in near real-time (no longer than 12 hours), which is drastically shorter than typical bank transfers, which can take up to seven days

• ProPay’s integration with UnionPay International eliminates the need for funding recipients to file government registration, allowing for immediate access to funds

• UnionPay cardholders of 13 issuers in mainland China will receive the funds in RMB

• Recipients can see the exact amount being deposited into their account at the time of the transaction (or in 12 hours or less, in some cases)

• No fees on inbound deposits are assessed to the funding recipient

• UnionPay is accepted widely throughout China, allowing recipients to spend funds almost anywhere in the country

“Retaining great consultants and distributors is the lifeblood of direct selling companies, and ensuring they’re paid quickly is vital to maintaining their loyalty,” said Mike Cottrell, vice president of ProPay. “We’re proud to offer our business customers a solution that ensures their distributors are getting paid on time and without hassle.”