Shanghai Post Launches Electronic Remittance Service

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Friday, July 20, 2001, updated at 11:34(GMT+8)

Business

Shanghai Post Launches Electronic Remittance Service

The Shanghai post authority recently launched a new electronic remittance service that can transfer money to 26 regions nationwide within 24 hours.

Sources with the Shanghai Post said the service will expand to 300 major cities in 31 regions by October this year and 2,400 counties and smaller cities by next year.

The charge for the service is one percent of the remittance, but the highest single remittance is limited to 10,000 yuan and the highest single charge to 50 yuan.



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	The Shanghai post authority recently launched a new electronic remittance service that can transfer money to 26 regions nationwide within 24 hours.




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