What is Monix? Monix Review, Features

Monix is ​​a multi-currency cross-border wallet that is directly connected to 8,000+ banks, 30+ e-wallets and 130,000+ cash withdrawal points. It enables localized payments for users' global businesses and provides fully customized solutions for users' remittance and payment services.

About Monix

• Yunhui is the first Chinese payment company in Australia to obtain an independent financial license. The security of its core system meets the requirements of the Australian Securities and Investments Commission (ASIC) and it has extensive experience in anti-money laundering.

• Monix supports remittances in 60+ currencies to 100+ countries, 8,000+ banks, 30+ e-wallets, and 130,000 cash withdrawal points, and this number is still growing. With intelligent automatic routing technology, it provides customers with the best remittance fund path, eliminates intermediary bank fees, reduces intermediary bank transit time, and the fastest remittance is in 1 minute.

Monix Product Features

1. International Remittance

• A more flexible and faster international remittance open platform, cross-border remittance, the fastest arrival time is 1 minute. Support payment to 100+ countries, 8000+ banks, 30+ e-wallets, 130,000 cash withdrawal points, more efficient and low-cost payment to global suppliers.

• With intelligent automatic routing technology, we provide customers with the best remittance fund path, eliminate intermediary bank fees, reduce intermediary bank transfer time, and ensure that funds are credited to the account in as fast as 1 minute.

• We provide one-stop cross-border payment solutions for 20+ industries including cross-border e-commerce, Internet platforms, foreign trade B2B, financial technology, etc. There are no hidden fees, and users will clearly know where every penny goes during the remittance process.

2. Multi-currency accounts

• Providing multi-currency accounts with a local experience for travelers, expats and freelancers. Cloud Exchange allows you to hold, send and receive funds in 60+ currencies and always enjoy the best exchange rate.

• Users within the Yunhui Global Community can transfer money to each other with zero handling fees. All account funds in and out are accurately recorded and traceable.

• It supports local recharge networks including 8,000+ banks, 30+ e-wallets, 130,000 cash withdrawal points, etc., with more choices and more flexibility. In addition to local recharge networks, Yunhui also supports SWIFT international recharge network, providing more comprehensive choices.

3. Cross-border payment

• 24/7 service, no need to queue at the counter, payment can be completed online in three minutes, simple and convenient, ultra-low exchange rate, handling fee as low as 1/10 of traditional banks, no hidden fees, compliant declaration, does not occupy foreign exchange quota.

• Full network coverage, supporting international study abroad tuition fees at more than 5,000 institutions around the world. Full scenario coverage, supporting local water, electricity, gas, phone, internet, property fees, fines and other living bill payments in more than 60 countries around the world, supporting a variety of local online payment methods such as bank cards and e-wallets, more choices and more flexibility.

• When the payment status changes, SMS and email notifications are sent in real time, allowing you to spend more time focusing on other more important things. The payment institution will be notified by email in real time when the payment arrives. The app supports online preview and local download of payment receipts, making archiving more convenient.

Safety and Compliance

1. Financial license

Monix is ​​the first Chinese payment company in Australia to obtain an independent financial license, license number: 495025.

2. Fund security

Yunhui complies with Australia's highest level of capital supervision requirements, and 100% of customer funds are deposited in accounts opened with overseas central banks.

3. Regulatory compliance

The security of Yunhui's core system complies with the requirements of the Australian Securities and Investments Commission (ASIC) and has extensive experience in anti-money laundering.

4. Information Security

Monix has passed the PCI DSS security certification, the highest security level in the payment industry, reaching bank-level security levels.