SUNRATE rebrands China payment unit following regulatory approval. The Singapore-based fintech firm has renamed its China-licensed entity from Transfar Pay to SUNRATE Pay after securing regulatory clearance. The entity will serve as SUNRATE's core operating platform in China, supporting local enterprises with cross-border payment needs. SUNRATE acquired a 100 percent stake in Transfar Pay for approximately US$43.8 million in 2025 and obtained a payment business license in August 2025. The renaming reflects the company's strategy to deepen its presence in China, expand local operations and strengthen its compliance foundation. SUNRATE will focus on facilitating two-way fund flows, helping businesses bring in international capital and expand abroad efficiently and compliantly.
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