Against the backdrop of the accelerated construction of high-level financial infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area, facilitating cross-border payments has become a key link in promoting regional integration. Following policy guidance, Xiamen International Bank Zhuhai Branch, leveraging its geographical advantage adjacent to Macao and the Group’s “One Body, Two Wings” strategic layout, is continuously exploring solutions to the challenges of cross-border capital flows and service integration.
The bank is committed to building a comprehensive “payment+” service system in areas such as overseas education expenses, remittances for family support, and cross-border tourism consumption, creating a high-efficiency, low-cost financial channel for capital exchange and people’s livelihood needs between Zhuhai and Macao.
With the increasingly frequent cross-border trade and capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area, improving settlement efficiency has become crucial for the smooth flow of funds.
As cross-border trade and capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area become more frequent, improving settlement efficiency has become key to the smooth flow of funds.
Traditional cross-border remittance processes are cumbersome, time-consuming, and costly. Xiamen International Bank’s Zhuhai branch has precisely addressed this pain point with its “Cross-border Express Remittance” product. This product precisely targets the small-amount, high-frequency remittance needs of individuals and businesses in Zhuhai and Macau, effectively reducing intermediate steps by leveraging Xiamen International Bank’s group-wide operational structure. Through a direct system connection between Xiamen International Bank and Macau International Bank customers, cross-border remittances between Xiamen International Bank and Macau International Bank accounts can be completed “instantly” without the need for SWIFT. Since its optimized launch in May 2025, the “Cross-border Express Remittance” product has facilitated over ten million yuan in cross-border remittances, benefiting hundreds of families and businesses. Mr. Chen, a Macau resident, has firsthand experience with this; with just a few taps on the screen, a Hong Kong dollar remittance arrived instantly in his mainland account. He exclaimed sincerely, “The ‘Cross-border Express Remittance’ is indeed fast. Before, I had to process tuition transfers for my child in advance, afraid of forgetting and delaying their needs. Now, using the Xiamen International Bank APP, the remittance arrives instantly with just a few taps, and there are no handling fees. It will be much more convenient to send money to my child in case they need it temporarily.” The “Cross-border Express Remittance” product not only arrives quickly but also supports 24/7 processing, covering multiple channels such as personal mobile banking and corporate online banking. Furthermore, it fully implements a “three-free” policy—free remittance fees, telecommunication fees, and overseas account bank fees. It’s worth mentioning that the product, through simplified interface design and enhanced automatic system verification, improves efficiency while effectively reducing the risk of misoperation, balancing convenience and security. The “Cross-border Express Remittance” product is not only a significant achievement of Xiamen International Bank’s “One Body, Two Wings” strategy, but also a practical example of the Zhuhai Branch’s participation in the construction of financial infrastructure in the Greater Bay Area. In the future, Xiamen International Bank’s Zhuhai Branch will continue to focus on the needs of the integrated development of the Greater Bay Area, continuously expanding the breadth and depth of cross-border financial services, exploring more innovative scenarios based on domestic and international collaboration, and injecting new momentum into promoting high-level opening-up and financial market interconnection in the Greater Bay Area. It is believed that with its continuous efforts, financial cooperation between Zhuhai and Macao will become closer, cross-border payments will become more convenient and efficient, and greater contributions will be made to the prosperity and development of the Greater Bay Area.
