NetsClearing Corporation

NetsClearing Corporation (abbreviated as "NetsClearing"; English: NetsClearing Corporation, abbreviated as "NUCC") is an enterprise under the People's Bank of China, approved by the People's Bank of China to operate the network payment clearing platform (abbreviated as the "NetsClearing Platform"). It is a licensed clearing organization serving payment services of commercial banks and non-bank payment institutions. Adhering to the original aspiration and mission of "People-centered, making payments better," it is committed to leveraging its industry hub advantages, implementing payment regulatory policies, and providing market institutions with safe, efficient, and professional cross-institution information transfer, fund clearing, and value-added services. Under the leadership of the People's Bank of China, NetsClearing has built and operated a unified national clearing system, mainly providing supporting services such as fund clearing and dispute resolution for payment services, information transmission, certification, and inquiry, and conducting other related businesses approved by the People's Bank of China. As an important national financial infrastructure, the NetsClearing Platform adopts an advanced distributed cloud architecture, with multiple active data centers in Beijing, Shanghai, Shenzhen, and other places, achieving comprehensive high standards of high performance, high availability, high security, high scalability, high controllability, and high consistency, adapting to the rapid development trend of the industry. The establishment of the NetsClearing Platform has realized the centralized, standardized, and transparent operation of network payment fund clearing, saving connection costs, improving clearing efficiency, supporting industry innovation, promoting fair competition, facilitating effective monitoring of fund flows, safeguarding customer funds, and promoting resource sharing and win-win value among industry institutions, achieving long-term healthy market development.