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NetsUnion

ACH

Mandatory clearing platform for all third-party online payment transactions in China. PBoC required Alipay, WeChat Pay, and all third-party payment institutions to route transactions through NetsUnion instead of direct bank connections. Handles over 90% of all online payments across financial institutions.

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

ClearingPost does not assess whether NetsUnion is running normally.

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

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

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.

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Sources No status page recorded · 8 of 15 fields carry a source and a recorded date · latest sourced entry recorded 17 Sep 2026 · evidence details ↓

Record · NetsUnion

Country
China (CN)
Currency
Chinese Yuan (CNY)
Operator
NetsUnion Clearing Corporation
Type
ACH
Operating Window
24/7/365
Year Established
2017
Tier?
Tier 1
ISO 20022?
Legacy
Region
Asia-Pacific
Settlement Type?
Net
Participants
3,000+ banks and 100+ payment institutions
Avg Daily Transactions
~3.274B (2025)
Avg Daily Value
CNY 1.64T/day (2025)
Availability
24/7
Notes

Jointly owned by PBoC, Ant Group (Alipay), Tencent (WeChat Pay), UnionPay, and 44 financial institutions. Created in 2017 to centralize oversight of third-party payment flows that previously bypassed the banking system.

NetsUnion Clearing Corporation official website →
See all ACH 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
IBPSFPS
China · CNY · CNCC (China National Clearing Center) / PBoC

Operations · NetsUnion

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 NetsUnion (1)

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

GuideMar 12, 2026Headline names “NetsUnion”
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