improved
Specify the payment purpose code for CNH payments to China
over 1 year ago by Charlotte Hassing
It is now required to specify a payment purpose code for CNH payments to China. If the purpose code is not provided, the payment may be rejected, delayed, or incur additional charges. You can specify the payment purpose code via both the Client Portal and API. The supported codes are:
- "GOD" - Cross-border goods trade
- "STR" - Cross-border service trade
- "CTF" - Cross-border capital Item/transfer
- "OTF" - Other Transfers
The payment purpose code can be specified at transaction level, for each transaction to carry a different code.
To specify the purpose code for payments initiated via the Client Portal, select CNH as the currency:
