Xin Hua Cai Jing·2025-11-24 04:49Core Viewpoint - CITIC Bank officially launched the "Cross-Border Payment Pass" product on the 24th, enhancing its personal cross-border financial service capabilities by providing real-time cross-border fund transfer services for individual customers [1] Group 1: Product Features - The "Cross-Border Payment Pass" is based on the People's Bank of China's online payment interbank clearing system (IBPS) and connects with overseas rapid payment systems [1] - The product supports two-way rapid remittances between bank accounts in mainland China and Hong Kong, featuring easy operation, quick arrival of funds, and mobile number payment support [1] - Customers can perform outbound transactions via CITIC Bank's mobile banking, with real-time fund crediting, while inbound transactions allow mobile number payments and are available 24/7 [1] Group 2: Compliance and Security - The service is built on a foundation of stringent risk control, implementing strict customer identity verification and information protection measures [1] - Compliance with anti-money laundering regulations and dynamic adjustments to fraud detection strategies are integral to the service [1]