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Buying Chinese Yuan in Naira
currency exchange

Buying Chinese Yuan (CNY/RMB) in Nigeria and Depositing into Alipay (Step-by-Step Guide)

4 min read

With growing international trade, Nigerian businesses importing goods from China need reliable ways to pay suppliers directly. Whether purchasing from platforms like 1688 or working with manufacturers, having a straightforward method to convert naira to yuan and transfer funds via Alipay is crucial. This guide outlines a secure approach using Kwilax, a verified service for currency exchange and Alipay transactions.  

Why use Alipay?

Alipay is China’s primary digital payment system, trusted by millions for its quick processing and secure framework. Many suppliers prefer it for its ease of use, ensuring payments are received promptly and without delays.  

Why Buy Yuan in Nigeria?

Bank transfers for converting naira to yuan often involve high fees, lengthy processing times, and complex procedures. Services like Kwilax simplify this by offering faster conversions, direct Alipay deposits, and transparent pricing with no extra costs.  

How It Works: Naira to Alipay in Three Steps

The process of buying Chinese yuan and depositing it into Alipay involves three main steps:

  • Convert Naira to Yuan: Exchange your local currency for Chinese yuan.
  • Transfer to Alipay: Send the yuan directly to your Alipay account.
  • Verify completion: Confirm the transaction was successful.

Let’s break down each step in detail.

Step 1: Selecting a Trusted Service—Why Kwilax?

Kwilax has emerged as a trusted platform for Nigerians looking to exchange naira for yuan and deposit into Alipay. Kwilax stands out for its:  

  • Real-time exchange rates with no markups.  
  • Speedy transfers (often completed in minutes).  
  • Simple, intuitive platform for first-time users.  
  • Secure verification processes and data protection.  
  • No hidden fees or charges.  
Kwilax app home

To get started, visit Kwilax's official website and create an account by following the prompt.

Step 2: Creating a Kwilax Account

Follow these steps to set up your Kwilax account:

  1. Visit the website: go to www.kwilax.com.
  2. Sign Up: Click on "Sign Up" and fill in your email only
  3. Verify Your Account: You’ll receive an email verification link. Click on it to activate your account.
  4. User Identity Verification: Biometrics verification with selfie & BVN/NIN

Once registered, you’re ready to buy yuan.


Step 3: Transferring Yuan to Alipay  

After your Yuan purchase is confirmed, move the funds to Alipay:  

  1. Set Up Alipay: Download the app and register if you’re new to the platform.  
  2. Create QR Code: Generate a unique Alipay QR code for receiving funds.  
  3. Share QR Code: Log into Kwilax, go to the Alipay deposit area, and upload your code.  
Alipay app

Tip: Confirm your Alipay account is fully verified to speed up transactions.  


Step 4: Buying Chinese Yuan with Naira

  1. Login: Sign in to your Kwilax account.  
  2. Check Rates: Review live exchange rates for yuan to naira.  
  3. Start Transaction: Select “Buy Yuan” and input your desired amount.  
  4. QRCode: upload a new QRCode or select from saved beneficiaries
  5. Complete Payment: Send the naira equivalent using the provided bank details.    

Payments are usually confirmed within minutes, though the timing may vary based on your bank. 


Step 5: Confirming Your Alipay Deposit  

To confirm the deposit:

  1. Check Alipay: Log into your account.  
  2. View Balance: The transferred yuan should appear immediately.  
  3. Review History: Check Alipay’s transaction records to confirm the deposit.  

If funds aren’t visible, reach out to Kwilax support for help.  


Keeping Transactions Secure

  1. Use trusted platforms: Stick with reliable services such as Kwilax for transactions.  
  2. Avoid public networks: handle payments only on private or secure internet connections.  
  3. Turn on 2FA: Add extra security by enabling two-factor authentication for Kwilax and Alipay.  
  4. Save Confirmation Details: Keep receipts and transaction records for future checks.  

Benefits of Using Kwilax

Kwilax offers a trusted solution for converting and transferring yuan securely. Key advantages include:  

  1. Better Rates: Convert naira to yuan at rates that work in your favor.  
  2. No Hidden Fees: Keep more money with fee-free transfers.  
  3. Quick Processing: Transactions are completed swiftly while keeping funds safe.  
  4. Easy Access: Manage payments anytime, anywhere, using any device.  

Conclusion: Simpler Payments to Chinese Suppliers  

Converting naira to yuan and transferring funds to Alipay is straightforward with the right approach. Following these steps and choosing Kwilax helps ensure smooth, secure transfers every time.  

Remember to always verify the authenticity of the currency exchange service and ensure that you understand the transaction fees and exchange rates involved.

Ready to begin? Visit Kwilax.com to start your Yuan transactions in minutes.  

Helpful Tips  

If you know someone in China, they might help exchange naira for yuan at better rates. While using a domiciliary account is another option, it’s not always easy to set up. For reliability and ease, Kwilax remains the top pick for converting yuan and sending funds directly to Alipay.

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