SUNRATE has changed the name of its China-licensed entity from Transfar Pay to SUNRATE Pay following following regulatory approval.
The renamed entity will serve as SUNRATE’s core operating platform in China, supporting local enterprises with cross-border payment needs.
The Singapore-based payment and treasury management firm said it will focus on facilitating two-way fund flows, including helping businesses bring in international capital and expand abroad efficiently and compliantly.
The change comes after SUNRATE secured a payment business licence in China in August 2025 through its acquisition of Transfar Pay.
The company said the renaming reflects its efforts to deepen its presence in China, expand local operations and strengthen its compliance foundation.
SUNRATE also said it remains focused on compliance, risk management and governance as it grows its cross-border payments business.
The firm has a presence in markets including Singapore, Hong Kong, Indonesia, Malaysia and the United Kingdom.
In 2025, SUNRATE acquired a 100 percent stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group, for RMB 315 million, or about US$43.8 million.
The deal was first disclosed by Transfar Group in an exchange filing dated 1 April 2025, while the registered capital of the payment entity was increased to RMB 200 million that same month.
This article first appeared on Fintech News Singapore.
Featured image: Edited by Fintech News Hong Kong, based on image by SUNRATE
