🌏 Asia
This guide provides a comprehensive list of Payment Methods, SLAs and Transaction Limits around Asia
Definitions
Settlement Time: When funds reach the beneficiary.
Cut-off Time: Latest time to submit for same-day processing.
T+1: Next business day settlement.
Real Time: Instant settlement available 24×7.
🇨🇳 China
💰 Wallet (CNY)
Currency
CNY
Mode
Real Time
Use Cases
Person-to-Person (P2P) only
Network / Channel
Alipay Wallet (KYC-verified beneficiaries)
Delivery Time
Instant, 24×7
Transaction Limits
Min : 0 CNY Max : 50,000 CNY
Required Data
Remitter: Name, account type, ID type & number, address, country code, date of birth, nationality
Beneficiary: Name, country code, Alipay Wallet ID, account type
Other: Remit purpose code, payout method indicator
Supporting Documents
Proof of remitter–beneficiary relationship
Business nature & contract duration
Commercial agreement or invoice
Beneficiary statement or payment narrative
Notes
Sender name appears in the beneficiary’s Alipay record.
Beneficiary must be a Mainland China national.
One-time Alipay registration required; payment must be accepted within 72 hours.
💱 Foreign Currency Wire Transfer (SWIFT)
Supported Currencies
USD, EUR, GBP, CAD
Settlement Time
T+1 (next business day)
Supported Flows
B2B, B2P, P2P, P2B
FX / Exchange Rate
Live interbank rates, 24×7
Network
SWIFT-enabled banks in China
Cut-off Time
07:30 UTC
Transaction Limits
Min : 0 Max : No maximum limit
Required Data
Remitter: Name, account type, ID type & number, address, country code
Beneficiary: Name, account number, account type, address, city, postcode, country code
Routing: SWIFT code, routing code type & value
Other: Remit purpose code
Supporting Documents
Relationship proof, business nature, contract duration
Commercial agreement or invoice
Notes
Sender name and narrative appear in MT103.
CAD wires do not support the “OUR” charge type.
Transfers to OFAC-restricted regions prohibited.
🇭🇰 Hong Kong
🏦 Bank Account (ACH / HKD)
Currency
HKD
Settlement Time
Real Time (FPS 24×7 up to HKD 1,000,000; CHATS until 15:30 local)
Supported Flows
B2B, B2P, P2P, P2B
FX / Exchange Rate
Live interbank rate, 24×7
Network / Channel
All Hong Kong banks (via ACH, FPS, or CHATS)
Transaction Limits
Min : HKD 1 Max : No maximum limit
Required Data
Remitter: Name, account type, ID type & number, address, country code
Beneficiary: Name, account number & type, bank code / SWIFT code
Other: Remit purpose code
Supporting Documents
Proof of remitter–beneficiary relationship
Business nature / contract duration
Commercial agreement or invoice
Notes
FPS supports 24×7 instant payouts; CHATS cut-off is 15:30 HKT.
Beneficiary address required for CHATS payments.
Sender name and transaction reference appear on the beneficiary’s statement.
💱 Foreign Currency Wire Transfer (SWIFT)
Supported Currencies
USD, EUR, GBP, CAD, HKD
Settlement Time
T+1 (next business day)
Supported Flows
B2B, B2P, P2P, P2B
FX / Exchange Rate
Live interbank rates, 24×7
Network
SWIFT-enabled banks in Hong Kong
Cut-off Time
07:30 UTC
Transaction Limits
Min : 0 Max : No maximum limit
Required Data
Remitter: Name, account type, ID type & number, address, country code
Beneficiary: Name, account number, account type, address, city, postcode, country code
Routing: SWIFT code, routing code type & value
Other: Remit purpose code
Supporting Documents
Relationship proof, business nature, contract duration
Commercial agreement or invoice
Notes
Sender name and payment narrative included in MT103.
CAD wires not supported under “OUR” charge type.
Transfers to sanctioned or OFAC-restricted regions prohibited.
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