Recently, the Postal Savings Bank of China (PSBC) has successfully completed its first cross-border transaction of corporate online banking via mBridge -- a cross-border platform for experimenting with central bank digital currencies for international trade, enabling omni-channel application of mBridge to its offline and online cross-border business, and providing clients with 24/7 uninterrupted cross-border payment services. This is an important practice of PSBC in facilitating efficient cross-border capital flows for enterprises and implementing the philosophy of financial sector serving the real economy.

During the implementation of the business, PSBC actively coordinated with the counterparty bank, assisted the client in confirming the details of the transaction, and provided comprehensive professional support and operational guidance throughout the whole process to help the client complete the fully self-service transaction successfully. The client submitted transaction information through corporate online banking. And after compliance review, the funds were transferred to the counterparty bank within seconds, giving the client a convenient, efficient and brand-new cross-border payment experience.