DBS RMB Electronic and Paper Collection | DBS SME Banking China

RMB Electronic and Paper Collection

Receive RMB payments promptly

RMB Electronic and Paper Collection

Receive RMB payments promptly

At a Glance

Receive funds in RMB securely and efficiently with DBS RMB Electronic and Paper Collection.

Quick transfer

Receive RMB payments quickly through different collection channels

Extensive network

Set up direct links with China National Advanced Payment System (CNAPS) and Cross-border Interbank Payment System (CIPS) , the local and cross-border RMB clearing system managed by The People’s Bank of China (PBOC)

Stay informed

Ensure prompt transactions with DBS IDEAL and get notified via SMS or email alerts when collections are processed

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.

FAQs

	Is DBS China part of CNAPS and CIPS?
	Yes, we have been a member of CNAPS since 2008, and a direct member of CIPS since 2015. We can provide fast, secure and hassle-free collection in RMB for your business.

	Can I receive payments in RMB from any payment bank in China or overseas?
	For China, Yes. For overseas, Yes if the payer bank can accept cross-border RMB settlement.

	Do I need to have a DBS Business Account to receive payments in RMB?
	Yes, you will need to have a business account with us in order to use this facility. If you do not have a business account with us, please call us at 400 821 8881 and we will arrange for a Relationship Manager to assist you. You may also visit our Business Account page for more information.

	What are the different channels available for me to view my received funds?
	You can view your received funds electronically through DBS IDEAL, IDEAL Mobile, DBS RAPID and IDEAL Connect, our online banking platforms.