Visa’s Money Transfer Service is now available in China via the Industrial and Commercial Bank of China (ICBC) and EPS Hong Kong Limited (EPS).

The ICBC Visa Money Transfer program launched on Nov. 3 in China will be available initially in Beijing, Shanghai and Shenzhen and will provide the bank’s 70.8 million internet banking customers a safe and convenient option to transfer funds to Visa cards globally. The new service will be targeted at those with family members working or studying abroad, primarily in Canada, United Kingdom, Japan, Singapore, Hong Kong, France and Germany and will make it easier for them to send funds.

For consumers in Hong Kong, EPS Hong Kong Limited (EPS), an online bill payment platform provider owned by 21 leading financial institutions, has also launched a Visa Money Transfer service. The service will be immediately available to customers of Standard Chartered Bank and Wing Hang. It gives customers of these banks in Hong Kong the ability to transfer funds to 14 countries in nine currencies either by phone or via its PPS online portal. Visa Money Transfer has broadened the PPS platform from a domestic bill payment service to now include international fund transfers. The PPS Visa Money Transfer platform allows the service to be extended easily to additional member banks of EPS based on bank and consumer demand.

Visa Money Transfer gives consumers a convenient, cost-effective and secure way to send funds directly to recipients’ Visa cards domestically and internationally. Senders can initiate a Visa Money Transfer to make person-to-person payments, send funds to friends or family members, or make account transfers. Sender channels through which a Visa Money Transfer can be initiated include internet banking, Automatic Teller Machines (ATM), self-service kiosks, in person at a bank branch, or via the telephone.