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◆ClearingPost

IBPS

FPS

Internet Banking Payment System - real-time interbank transfers via online banking. Part of CNAPS platform. Enables instant settlement between banks for payments initiated online. Nationwide since 2012.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether IBPS is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for IBPS.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for IBPS in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources No status page recorded · 9 of 15 fields carry a source and a recorded date · latest sourced entry recorded 16 Apr 2026 · evidence details ↓

Record · IBPS

Country
China (CN)
Currency
Chinese Yuan (CNY)
Operator
CNCC (China National Clearing Center) / PBoC
Type
FPS
Operating Window
24/7/365
Year Established
2010
Tier?
Tier 1
ISO 20022?
Migrated
Region
Asia-Pacific
Settlement Type
Net (DNS)
Participants
222 direct (end-2023)
Avg Daily Transactions
~45.6M (16.65B in 2024)
Avg Daily Value
~RMB 795B (RMB 290.24T in 2024)
Availability
24/7
Notes

24/7 instant payment service, part of CNAPS II (Second Generation China National Advanced Payment System). Supports individual and corporate transfers up to CNY 1M per transaction. 2024 full year: 16.65B transactions (−1.9% YoY), RMB 290.24T value (−3.6% YoY). Q1 2025: 4.197B transactions, RMB 74.66T. Volume decline reflects competition from mobile payment platforms (Alipay, WeChat Pay). Payment Connect links Hong Kong FPS to IBPS for cross-boundary instant payments (June 2025).

CNCC (China National Clearing Center) / PBoC official website →
See all FPS systems →See all systems in China →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
BOJ-NETRTGS
Japan · JPY · Bank of Japan
ZenginACH
Japan · JPY · Zengin-Net (JBA)
HVPS (CNAPS)RTGS
China · CNY · CNCC (China National Clearing Center) / PBoC
CIPSHybrid
China · CNY · CIPS Co.
BEPS (CNAPS)ACH
China · CNY · CNCC (China National Clearing Center) / PBoC
CFXPSRTGS
China · USD/EUR/GBP/JPY/HKD/AUD/CAD/CHF · CNCC (China National Clearing Center) / PBoC

Operations · IBPS

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for IBPS (1)

Coverage whose headline or summary names IBPS, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the IBPS operator or external.

GuideMar 12, 2026Summary names “IBPS”
China's Domestic Clearing Stack: A Practitioner's Guide to CNAPS, NetsUnion, and the World's Largest Payment Market
China processes more electronic payments than any other country, but its domestic clearing infrastructure remains opaque to many international practitioners. This guide maps the six core systems - HVPS, BEPS, IBPS, CFXPS, NetsUnion, and the bankcard interbank system - that form the backbone of Chinese payment settlement.
External source · People's Bank of China