Bank of China Hong Kong Completes First Cross-Border Remittance Via mBridge

According to Odaily, Bank of China Hong Kong (BOCHK) has announced its successful connection with the mBridge system, becoming the first commercial bank in Hong Kong to achieve this milestone. The bank has completed its first cross-border remittance for a corporate client, achieving end-to-end automation for both incoming and outgoing transactions. BOCHK will automatically select eligible remittance transactions to be processed through the mBridge channel to the recipient bank. Additionally, it can fully automate the processing of incoming transactions via the mBridge channel. This development marks a significant step in enhancing the efficiency and speed of cross-border remittances for corporate clients.