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Best Transaction Banks in China

Best transaction bank for mobile banking services 2019

China Guangfa Bank

Chen Xingfei, CGB.jpg
Chen Xingfei, China Guangfa Bank

Mobile banking is the new battleground for digitalization of corporate banking business. Since the launch of the China Guangfa mobile banking app a few years ago, the bank has received positive feedback from customers.

Guangfa’s app has attracted more than 29,400 customers and 80,000 users, according to the most recent figures. From March 2018 to February 2019, financial transactions via the app topped Rmb387 billion ($56 billion).

Guangfa’s app was designed to enable executives to manage corporate treasury via their smartphones. The app’s design gives top executives the power of one-stop transfers — with just one menu, an executive has the whole range of treasury functions at his or her fingertips, including the ability to approve and transfer large volumes of funds via a wide range of payment methods.

The app’s design has a simplified menu and gives the user scope to customize functions to suit the internal management needs of an enterprise.

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