China IBPS (Internet Banking Payment System) | DBS SME Banking CN

China IBPS (Internet Banking Payment System)

Domestic 24*7 instant payment and collection in seconds

China IBPS (Internet Banking Payment System)

Domestic 24*7 instant payment and collection in seconds

At a glance

DBS Bank has launched IBPS payment (Internet Banking Payment System), which enables domestic 24*7 instant payment and collection to address the increasing market needs for more instant payment services.

Features & Benefits

Efficiency

Payment is credited to payee instantaneously (within seconds) with only beneficiary bank code required

Anytime & Anywhere

Remotely realize fund movement round-the-clock (24*7, including weekends & holiday) with real-time e-notification received

Easy Reconciliation

Either reversal or return with the original customer reference could be accessible

Acceptability

IBPS has strong network with 590+ participating banks covered (Head Office)

How to apply

If the customer has applied for IDEAL domestic payment function, IBPS payment will be enabled automatically without additional application submission required. For IDEAL RAPID and IDEAL Connect clients, 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

	If the beneficiary bank is not IBPS member bank, how to do with the payment?
	If the beneficiary bank is not IBPS member bank, it’s default as CNAPS for the payment.

	Does IBPS support payment over CNY1million?
	No, IBPS single transaction limit is CNY1million, the payment type is default as CNAPS if the payment amount is over CNY1million.