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China’s payment systems include high-value real-time payment system (HVPS), bulk electronic payment system (BEPS), internet banking payment system (IBPS), automated clearing house (ACH), China foreign exchange payment system (CFXPS), intra-bank payment systems of banking financial institutions, bankcard interbank payment system, city commercial banks draft processing system and payment & clearing system, rural credit banks payment & clearing system, Cross-border Interbank Payment System (CIPS) and NetsUnion clearing system.

(Source: Payment System Report)