What is CFXPS?
CFXPS — the China Foreign Exchange Payment System — is the People’s Bank of China’s domestic system for settling payments within China in foreign currencies including US dollars, run through its China National Clearing Center. Poplin pays out to China over CFXPS, settling the same business day at the latest.
Source: People’s Bank of China (opens in a new tab)
Reviewed · by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to China can clear over
CNAPS
0.85% + $5.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
What the rail sets for a payout over CFXPS — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — China
Paid out in
USD
US dollar
Business fee
0.5%
plus a $10.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
How CFXPS payouts move.
From your US-dollar balance to an account in China — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Dollars stay dollars
CFXPS pays out in US dollars, so nothing converts — no rate, no markup.
Cleared over CFXPS
Poplin clears the payout over CFXPS, China’s domestic foreign-currency system.
Arrives inside the window
CFXPS settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
Where CFXPS reaches.
China
The one country Poplin pays out to over CFXPS, in US dollars.
Paid by clients abroad? You can open a Poplin account from China, with USD, EUR, GBP, and AED accounts they can pay into, and you can then pay out in US dollars to a bank account in China over CFXPS. See what Poplin can do in China →
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
Other rails to China.
CFXPS — FAQ
Basics What is CFXPS?
CFXPS — the China Foreign Exchange Payment System — is the People’s Bank of China’s domestic system for settling payments within China in foreign currencies including US dollars, run through its China National Clearing Center. Poplin pays out to China over CFXPS, settling the same business day at the latest.
Speed How long do CFXPS payouts take?
Over CFXPS, Poplin payouts settle the same business day. Payments leave your account in seconds; CFXPS then clears the payout to the recipient’s bank.
Cost How much does it cost to send money over CFXPS with Poplin?
A percentage of the amount plus a $10.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. CFXPS pays out in US dollars, so nothing converts at Poplin — no rate, no markup.
Coverage Which countries does Poplin reach over CFXPS?
CFXPS is how Poplin pays out to China, in USD. Poplin also reaches China over SWIFT (USD) and CNAPS (CNY) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to China over CFXPS.
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