Market specifications

Do you want to know more information about China's market? Go to the Accelerate Growth in Asia’s Leading eCommerce Hubs article.

Country reference

`country` code	`currency` code	`amount` decimals	`document_type` name	`document_id` format
`CN`	`CNY`	2	公民身份号码 (citizen ID number)	Between 18 digits or 17 digits + letter X

Mandatory parameters

Bank transfers - CNY flow

Bank transfer parameters	B2C	B2B	P2P
`login`	Yes	Yes	Yes
`pass`	Yes	Yes	Yes
`external_id`	Yes	Yes	Yes
`beneficiary_name`	Yes	Yes	Yes
`country`	Yes	Yes	Yes
`bank_branch`	Yes	Yes	Yes
`bank_account`	Yes	Yes	Yes
`account_type`	Yes	Yes	Yes
`currency`	Yes	Yes	Yes
`amount`	Yes	Yes	Yes
`phone`	Yes	Yes	Yes
`document_id`	Yes	Yes	Yes
`document_type`	Yes	Yes	Yes
`purpose`	-	Yes	Yes
`remitter_full_name`	-	-	Yes
`remitter_document_type`	-	-	Yes
`remitter_birth_date`	-	-	Yes
`remitter_document`	-	-	Yes
`remitter_address`	-	-	Yes
`remitter_city`	-	-	Yes
`remitter_country`	-	-	Yes
`remitter_nationality`	-	-	Yes

Bank transfers - USD flow

Bank transfer parameters	B2C	B2B
`login`	Yes	Yes
`pass`	Yes	Yes
`external_id`	Yes	Yes
`beneficiary_name`	Yes	Yes
`country`	Yes	Yes
`bank_branch`	Yes	Yes
`bank_account`	Yes	Yes
`amount`	Yes	Yes
`phone`	Yes	Yes
`address`	Yes	Yes
`document_id`	Yes	Yes
`document_type`	Yes	Yes
`currency_to_pay`	Yes	Yes

Payment methods

China supports payouts via Bank transfers. There are two distinct flows depending on the currency: CNY flow and USD flow. Each method requires specific parameters and follows validation rules aligned with local compliance and banking standards.

Bank transfers - CNY flow

CNY bank transfers require detailed account information, including beneficiary name (Han characters only), CNAPS code, bank account, account type, and document information.

Mandatory parameters

All fields listed below are required for CNY bank transfer payouts. For successful processing, ensure correct formatting and value types.

Mandatory parameter	Description
`login`	API authentication credentials. Maximum 32 characters.
`pass`	API authentication credentials. Maximum 32 characters.
`external_id`	Unique transaction identifier. Maximum 100 characters.
`beneficiary_name`	First name of the beneficiary. Maximum 50 characters. Han characters only.
`country`	Country code. For China, use `CN`.
`bank_branch`	CNAPS code, 12 digits long.
`bank_account`	Bank account number. 15 to 18 digits for credit or debit cards; 9 to 25 digits for bank accounts.
`account_type`	Account type. Mandatory only if the account is not a credit or debit card. `C`: for Checking accounts, `S`: for Savings accounts.
`currency`	Payout currency. For CNY flow, use `CNY` or `USD`.
`amount`	Payout amount. Use up to 2 decimal numbers.
`phone`	Phone number. Maximum 100 characters.
`document_id`	Document ID. Resident Identity Card or PASS: max. 100 chars. TAXID: max 18 chars.
`document_type`	Document type. Mandatory if document type is PASS or TAXID.
`purpose`	Reason for the payout. `EPBTOB` - Business to Business (B2B), `EPREMT` - Remittance (P2P). Mandatory only for Business to Business (B2B) and Remittance (P2P).
`remitter_full_name`	Full name of the sender. Maximum 100 characters. Mandatory only for remittance (P2P).
`remitter_document_type`	Type of identification document: `ID` for national identification number, `PASS` for passport. Mandatory only for remittance (P2P).
`remitter_birth_date`	Sender’s birth date. Format `YYYYMMDD`. Mandatory only for remittance (P2P).
`remitter_document`	Document number of the sender. Maximum 45 characters. Mandatory only for remittance (P2P).
`remitter_address`	Full address of the sender. Maximum 200 characters. Mandatory only for remittance (P2P).
`remitter_city`	City of the sender. Maximum 40 characters. Mandatory only for remittance (P2P).
`remitter_country`	ISO 3166-1 alpha-2 code of the sender. Mandatory only for remittance (P2P).
`remitter_nationality`	ISO 3166-1 alpha-2 code of the sender's nationality. Mandatory only for remittance (P2P).

Example request - CNY flow

{
  "login": "1n234n56",
  "pass": "HolAc123o",
  "external_id": "1234567812345678",
  "beneficiary_name": "John Mills",
  "country": "CN",
  "bank_account": "123456789123456",
  "bank_branch": "303513000052",
  "amount": "9273.34",
  "comments": "this is the 1st comment",
  "currency": "CNY",
  "phone": "6767658758869",
  "document_id": "110102YYYYMMDD888X",
  "remitter_birth_date": "19930722",
  "extra_info": "{ \"this_is_extra\": 2334 }",
  "notification_url": "https://thisisawebsite.net/payments",
  "type": "json"
}

Bank transfers - USD flow

USD bank transfers require detailed account information, including beneficiary name (English only), SWIFT code, bank account, address, and document information.

Mandatory parameters

All fields listed below are required for USD bank transfer payouts. For successful processing, ensure correct formatting and value types.

Mandatory parameter	Description
`login`	API authentication credentials. Maximum 32 characters.
`pass`	API authentication credentials. Maximum 32 characters.
`external_id`	Unique transaction identifier. Maximum 100 characters.
`beneficiary_name`	First name of the beneficiary. Maximum 50 characters. Only English characters are accepted.
`country`	Country code. For China, use `CN`.
`bank_branch`	SWIFT code (we accept 8 or 11 alphanumeric characters in upper case).
`bank_account`	Bank account number. 15 to 25 digits.
`amount`	Payout amount. Use up to 2 decimal numbers.
`phone`	Phone number. Maximum 100 characters.
`address`	Full address. Maximum 200 characters.
`document_id`	Document ID. Resident Identity Card or PASS: max. 100 chars. TAXID: max 18 chars.
`document_type`	Document type. Mandatory if document type is PASS or TAXID.
`currency_to_pay`	Currency to be paid out: `USD`.

Example request - USD flow

{
    "login":"1n234n56",
    "pass":"HolAc123o",
    "external_id":"123456781234567118",
    "beneficiary_name":"John Mills",
    "country":"CN",
    "bank_account":"123456789012345",
    "bank_branch": "ABOCCNBJ080",
    "amount":"109.44",
    "currency":"USD",
    "currency_to_pay":"USD",  
    "phone": "6767658758869",
    "document_id": "110102YYYYMMDD888X",
    "address": "Street 1157",
    "notification_url":"https://thisisawebsite.net/payments",
    "type":"json"
}

Bank information

Access the reference formats and accepted values required for processing bank payouts in China.

Bank codes - CNY flow

The banks supported may change according to the payment's flow:

P2P & B2C flow
B2B flow

P2P & B2C flow

We support every bank covered by China UnionPay network.

B2B flow

Bank Name	Abbreviation	Bank Code
Agricultural Bank of China	ABC	103
Bank of Beijing	BCCB	792
Bank of China	BOC	001
Bank of Communications	BOCOM	301
Bank of Jiangsu	JSCB	795
Bank of Ningbo	NBCB	791
Bank of Shanghai	BOS	794
China Bohai Bank	CBHB	318
China CITIC Bank	CITIC	302
China Construction Bank	CCB	105
China Everbright Bank	CEB	303
China Guangfa Bank	GDB	789
China Merchants Bank	CMB	308
China Minsheng Bank	CMBC	305
China Zheshang Bank	CZB	316
Hengfeng Bank Co.	HFB	793
HSBC Bank	HXB	790
Industrial and Commercial Bank of China	ICBC	102
Industrial Bank Co., Ltd	CIB	309
Ping An Bank	PINGAN	788
Postal Savings Bank of China	PSBC	403
Shanghai Pudong Development Bank	SPDB	310