Core Insights - The Industrial and Commercial Bank of China (ICBC) Ningbo Branch has implemented measures to enhance payment services for international students and foreign employees, significantly improving the payment experience and efficiency [3][4][5][6] Payment Service Innovations - ICBC Ningbo Branch has successfully completed its first foreign card acceptance transaction for tuition payments, allowing international students to pay online using foreign bank cards, thus streamlining the payment process and improving management efficiency for educational institutions [4] - The bank has developed targeted financial service solutions for foreign faculty and students, including account opening, tuition collection, and salary exchange services, based on thorough research of payment needs in universities [4] Salary Payment Facilitation - The bank has improved the efficiency of salary foreign exchange transactions for foreign employees by eliminating the need for repetitive document submissions, resulting in a 50% increase in processing efficiency [5] - ICBC Ningbo Branch has supported foreign companies in streamlining cross-border salary payments by categorizing them as high-quality enterprises, allowing for online salary payments without the need for individual document reviews, thus enhancing the payment experience [6] Cross-Border Payment Efficiency - The bank has processed 46 cross-border salary payment transactions for relevant enterprises this year, amounting to nearly $1.7 million, demonstrating its commitment to facilitating international payment processes [6] - Future initiatives include a "Integrity Business Promotion Month" to further enhance payment convenience and expand service offerings, aiming for greater breakthroughs in key areas to support Ningbo's high-level opening-up and economic development [6]