Ⅰ. Product Introduction

Clients can send multiple payments at once, submit electronic document, and receive payment online. To speed up transactions, Easy Payment supports inward and outward payment through counter, E-banking, mobile banking, self-service machines, SWIFT platform, CIPS transceiver and other electronic channels.

Ⅱ. Product Features

1. For multiple payments at one time, clients can choose the bulk payment service. Clients can submit one application including all payments and documents, input relevant information into EXCEL spreadsheets and send multiple payments at once through the counter or E-banking.
2. To save the time of going to bank, corporates that meet regulator’s and BOCOM’s requirements can use electronic documents. Payment documents can be submitted online through corporate E-banking or mobile banking.
3. Through E-banking, Easy Payment customers can confirm the nature of inward payment, fill in declaration information, and upload electronic documents.
4. “E-Connect” links enterprise with BOCOM. It supports multinational companies and large enterprises to send SWIFT/CIPS standard messages, as well as exchange cross-border payment instructions and information between headquarters, subsidiaries and banks. The product meets the needs of efficient fund transfer within the enterprise.
5. “E-Global Trade” provides trade finance service. By integrating international trade finance and cross-border payment, it supports one-stop solution of outward payment transaction and outward payment advance, export finance repayment and inward cross-border foreign exchange payment.
6. Real-time settlement of cross-border foreign exchange payment. For white-list corporates, inward cross-border payment will be received into clients’ account automatically.
7. Global Payment Innovation (SWIFT GPI) provides customers with tracking and query services for payment information, payment routes and fee charges.