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Accept Payments via Industrial and Commercial Bank of China with Echo Money

Enable customers to pay using Industrial and Commercial Bank of China, one of the most trusted payment methods in China.

Accept payments through a single API, settle globally, and access local payment rails without building market-specific infrastructure.

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Summary

About Industrial and Commercial Bank of China

Industrial and Commercial Bank of China logo

Industrial and Commercial Bank of China is one of the most widely used payment methods in China, enabling consumers and businesses to send and receive payments through the country's largest retail bank transfers. It plays an important role in the country's payment ecosystem, offering a familiar and trusted way for customers to complete transactions.

Commanding an estimated market share of 28% of overall clearing with more than 500M+ active profiles, Industrial and Commercial Bank of China has become a preferred payment option for online purchases, business payments, subscriptions, marketplace transactions, and everyday commerce in China. For businesses looking to expand into China, accepting Industrial and Commercial Bank of China can help improve checkout conversion rates, increase payment acceptance, and provide a localized experience via Echo Money.

At a glance

Payment method snapshot

Payment Method: Industrial and Commercial Bank of China
Country: 🇨🇳 China
Currency: CNY
Payment Type: Bank Transfer
Consumer Reach: 500M+
Settlement Speed Near-Instant
Refund Support Yes
Recurring Payments Supported
Chargebacks Applicable
Integration Single API
Start Accepting Payments via Industrial and Commercial Bank of China

How it works

1

Integrate with Echo Money. Connect to Echo Money through a single API and gain access to 150+ local payment methods including Industrial and Commercial Bank of China, global payment rails, and stablecoin infrastructure.

2

Enable Industrial and Commercial Bank of China. Activate Industrial and Commercial Bank of China for your business and configure how you want to collect, send, or settle payments in China without managing multiple local providers.

3

Start Accepting and Sending Payments. Your customers can immediately begin paying through Industrial and Commercial Bank of China via a fully white-labelled experience, while you collect funds, process payouts, and move money seamlessly.

4

Scale with Built-In Compliance. Echo Money handles compliance requirements, including KYC, KYB, transaction monitoring, and payment operations, helping your business expand into China without the complexity of managing local payment infrastructure.

Benefits for Businesses Accepting Industrial and Commercial Bank of China in China

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Increase Conversion Rates with a Familiar Checkout Experience

Customers in China are more likely to complete a purchase when they see payment methods they already know and trust. By offering Industrial and Commercial Bank of China through Echo Money, businesses can create a more localized payment experience, reduce friction during the payment journey, and improve overall conversion rates.

Improve Payment Success Rates

Many local payment methods, including Industrial and Commercial Bank of China, are deeply integrated into the financial ecosystem of China. As a result, they can deliver higher payment acceptance rates compared to international cards that may face issuer declines, authentication issues, or cross-border restrictions.

Reach More Customers in China

Not every customer in China prefers to pay with a credit card. Depending on the market, consumers may rely on local bank transfers, digital wallets, QR payments, or domestic payment networks. By supporting Industrial and Commercial Bank of China, businesses can access a broader customer base and provide payment options that align with local preferences and purchasing behaviour.

Reduce Cross-Border Complexity

Expanding into China often requires businesses to navigate local banking infrastructure, payment providers, and settlement processes. Echo Money simplifies this by enabling businesses to accept Industrial and Commercial Bank of China through a single integration, removing the need to manage multiple local payment partners while still delivering a localized payment experience.

Build Trust with Local Customers

Trust plays a major role in online payments. Customers are often more comfortable completing a transaction when they recognize the payment method being offered. Because Industrial and Commercial Bank of China is widely used in China, displaying it at checkout can help strengthen customer confidence, reduce hesitation, and create a more familiar payment experience.

Future-Proof Your Payment Strategy

Payment preferences evolve over time, but businesses that offer locally preferred payment methods are often better positioned to adapt to changing customer expectations. By supporting Industrial and Commercial Bank of China through Echo Money, companies can build a payment stack that combines local payment acceptance, global reach, and modern settlement infrastructure.

Who uses Industrial and Commercial Bank of China in China?

Businesses across industries use Industrial and Commercial Bank of China to offer a more localized payment experience and improve payment performance in China.

E-commerce Platforms use Industrial and Commercial Bank of China to increase checkout conversion rates and reduce payment friction.

Marketplaces rely on Industrial and Commercial Bank of China to collect payments from buyers while supporting efficient seller payouts.

Gaming & Digital Businesses leverage Industrial and Commercial Bank of China to improve payment acceptance rates and support seamless in-app purchases.

Travel, Fintech, and Global Merchants use Industrial and Commercial Bank of China to collect local payments in China without building country-specific payment infrastructure.

SaaS Companies collecting recurring payments use Industrial and Commercial Bank of China to reach customers in China through familiar and trusted payment methods.

Why do businesses use Echo Money for Industrial and Commercial Bank of China?

Echo Money brings Industrial and Commercial Bank of China and 150+ local payment methods into a single platform. With one integration, businesses can

  • streamline payment operations,
  • access faster transaction confirmation, improve settlement efficiency, and
  • scale across markets with built-in compliance and global settlement infrastructure.

Single Integration

Enable Industrial and Commercial Bank of China through a single API and manage collections, payouts, and settlement alongside 150+ local payment methods.

Built-in Compliance

Accept Industrial and Commercial Bank of China with built-in KYC, KYB, transaction monitoring, and compliance controls designed for cross-border payment operations.

Global Settlement

Collect funds through Industrial and Commercial Bank of China and settle in local currencies, major global currencies, or stablecoins through a unified settlement infrastructure.

White-label experience

Offer Industrial and Commercial Bank of China through a fully branded payment experience while Echo Money powers the infrastructure behind the scenes.

FAQs

Industrial and Commercial Bank of China is a widely used payment method in China that enables consumers and businesses to move money securely through local payment infrastructure.

Start accepting Industrial and Commercial Bank of China payments today

Connect to Industrial and Commercial Bank of China through Echo Money and give customers a payment experience they already know and trust.

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