What is a CNAPS code?

By August 30, 2020September 11th, 2020No Comments

What is a CNAPS Code

CNAPS stands for “China National Advanced Payments System”, it was launched in 2008 by the Peoples Bank of China to provide real time settlement services for payments in mainland China and to boost settlement in CNY vs USD. The CNAPS is a 12-digit number and can be considered the China equivalent of a sort code in the United Kingdom. You can read more about sending money to China here.

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