B2B (Services)
| Supported Modes | B2B (Services) |
| Supported Currencies | CNY |
| Network Participant | CNAPS |
| Channels | Major banks in China |
| Cutoff for Initiating Payout | 3 pm China time |
| Mandatory Data Requirements for Merchant / Entity | Payer Full Name, Invoice details (upload) |
| Mandatory Data Requirements for Beneficiary | Chinese Name, Account holder Name (as per the bank account), Account number, Bank Name |
| Supporting Documents | Yes. Purchase order / Invoice to be provided before initiating the transaction. |
| Beneficiary Statement Narrative | Xcurrency Hubs |
| Limits | 1M CNY |
| Settlement Time | T+0/1 (Same day) |
| Rail Availability | Mon–Fri (9 am–5 pm China time) |
| Allowed Purpose Codes | PYR001, PYR002, PYR003, PYR004, PYR005, PYR012, PYR013, PYR014, PYR016, PYR017, PYR019, PYR020, PYR021, PYR031 |
B2B and B2C [Physical Goods Only]
| Supported Modes | B2B [Physical Goods Only] / B2C [ecommerce only — marketplace making a payout/settlement to sole trader] |
| Supported Currencies | CNY |
| Network Participant | CNAPS |
| Channels | Major banks in China |
| Cutoff for Initiating Payout | No cut off |
| Mandatory Data Requirements for Merchant / Entity | Logistics provider, Tracking number, Payer Full Name, Item Object |
| Mandatory Data Requirements for Beneficiary | Chinese Name, Chinese ID (NIN for individual or USCC for Business), Account holder Name (as per the bank account), Account number, Bank Name |
| Supporting Documents | NA |
| Beneficiary Statement Narrative | Ultimate Remitter |
| Limits | 500k CNY |
| Settlement Time | 10 minutes |
| Rail Availability | 24*7*365 (Except US & HK Holidays) |
| Allowed Purpose Codes | PYR022 |