11 February 2021

Chinese New Year: Send Red Envelopes Internationally – Digitally

Digital transfer methods offer an affordable and fast way to send money internationally as gifts this Chinese New Year.

Today marks the start of the new year in the Chinese culture. While 2020 was filled with change and uncertainty, 2021 fittingly marks the Year of the Ox, known for its strength, dependability and determination as we look to rebuild community in our new normal.

With vaccines being distributed around the world and the hopes of in-person gatherings with loved ones on the horizon, we have a lot to look forward to in the coming year. Here’s how you can ring in the Chinese New Year on a positive note and prepare for a new normal built on financial health:


Sending digital red envelopes internationally

You can still continue honored traditions to remain close with friends and family living internationally, even as in-person celebrations for the Chinese New Year may not be possible.

While you may not be able to send your loved ones dumplings for wealth made from your grandma’s recipe, you can still send red envelopes for good luck. But as you look to send money to your friends and family in your home country, you may notice traditional options like banks, post offices or transfer outlets may come with high fees and slow transfer times.

Before transferring money abroad, we encourage you to review your options as digital methods may offer a fast and more affordable way to send money as gifts for the new year. This can help save you and your recipient time and money for a more prosperous 2021.


Improving financial health with Paysend

Speaking of saving time and money in the new year, with Paysend’s international money transfer app, users can send money from the US to 70 countries internationally, including China, for a low fee of just $2.

What’s more, money sent through Paysend usually arrives within minutes of hitting the “send” button. However, it can take up to three business days if your recipient’s bank is not as quick as our processing times.

As we move into the Year of the Ox, we encourage you to make it a priority to focus on building strong financial health for you and your loved ones by saving money when possible.

And Paysend is here to help. Through our partnership with Alipay, from now until March 31st, new users will receive a 30CNY bonus from Paysend for the first transfer of 2,500CNY or more to any recipient who has an account linked to an Alipay App. For current users, we’re offering zero-fees for all transfers to China until March 31st, and if users send $888 or more to China by February 14th, they will benefit from better exchange rates. Don’t miss out and download the Paysend mobile app from the App Store or Google Play today!