What is CNAPS?
CNAPS — the China National Advanced Payment System — is the People’s Bank of China’s yuan payment backbone, run through its China National Clearing Center: high-value payments settle one by one in real time, and low-value volume clears in netted batches. Poplin pays out to China over CNAPS.
Source: CNCC (opens in a new tab)
Reviewed · by Joyce Chin, Chief Operating Officer & Compliance Officer
Which rail reaches…
Which rail reaches your recipient?
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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 CNAPS — and what Poplin charges to send.
Settlement
—
no stated window
Reaches
1
country — China
Paid out in
CNY
Chinese yuan
Business fee
0.85%
plus a $5.00 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 CNAPS 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.
Converted at mid-market
Dollars become Chinese yuan at the mid-market rate — no markup added.
Cleared over CNAPS
Poplin clears the payout over CNAPS, China’s yuan payment backbone.
Arrives at the destination
Poplin has not published a settlement window for CNAPS to China.
Where CNAPS reaches.
China
The one country Poplin pays out to over CNAPS, in Chinese yuan.
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 convert to Chinese yuan at the mid-market rate and pay out to a bank account in China over CNAPS. 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.
CNAPS — FAQ
Basics What is CNAPS?
CNAPS — the China National Advanced Payment System — is the People’s Bank of China’s yuan payment backbone, run through its China National Clearing Center: high-value payments settle one by one in real time, and low-value volume clears in netted batches. Poplin pays out to China over CNAPS.
Speed How long do CNAPS payouts take?
Poplin has not published a settlement window for CNAPS to China. A blank delivery time is a figure nobody has read, not a slow one.
Cost How much does it cost to send money over CNAPS with Poplin?
A percentage of the amount plus a $5.00 fixed fee — 0.85% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage Which countries does Poplin reach over CNAPS?
CNAPS is how Poplin pays out to China, in CNY. Poplin also reaches China over CFXPS (USD) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to China over CNAPS.
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