Transfast, a provider of cross-border payments solutions, has expanded its mobile and online funds transfer service into China.

The service will allow customers to send funds via mobile or online to recipients’ accounts at all major Chinese banks within 24 hours.

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Transfast said direct bank transfers can be sent to all major Chinese banks, including ICBC Bank, China Construction Bank, Agricultural Bank of China and Bank of China.

Transfast CEO Samish Kumar said: "As an established and dominant cross-border payments solutions provider to more than 100 countries, Transfast is pleased to be introducing direct credit to bank accounts in China within 24 hours."

In order to send money to China, customers will have to log onto to www.transfast.com or download Transfast’s free app for iOS mobile devices.

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