Product Introduction
The widespread adoption of digital payments has spurred the development of diversified
transaction scenarios including mobile money operations (MMOs) and QR code payments.
This has complicated traditional clearing operations and raised requirements for transaction efficiency,
security, and timeliness. Given outdated technical architectures in several jurisdictions,
existing payment networks are no longer sufficient to meet evolving demands.
Central banks urgently need to build a new-generation payment and settlement infrastructure.
MuRong EPSS (Electronic Payment Switch System) enables central banks to establish a
next-generation national payment switching platform, define unified technical and business standards,
support digital business enablement, and develop an electronic wallet service ecosystem.
Its capabilities span transaction processing, clearing and settlement, dispute resolution,
and risk management. It delivers omnichannel, multi-scenario transaction services for banks,
PSPs, MMOs, and other participants, comprehensively enhancing customer experience.
MuRong EPSS adheres to international standards, supporting protocols including ISO 8583 and ISO 20022,
and complies with PCI-DSS requirements.
It provides robust security for transaction processing and data storage, mitigating fraud and
data breach risks while ensuring full regulatory compliance.
Product Features
Efficient Clearing and
Settlement
Efficient Clearing and Settlement
Leveraging standardized interfaces and automated processing, it enables end-to-end omnichannel clearing, reconciliation, and netting, optimizing fund velocity while reducing operational and labor costs.
Flexible
Pricing
Flexible Pricing
Supports customized pricing models tailored to the specific needs of banks, PSPs, and MMOs, helping participants control costs and strengthen market competitiveness.
End-to-End
Risk Management
End-to-End Risk Management
Implements real-time monitoring, risk engines, and predictive modelling to establish a robust AML and anti-fraud risk management framework, ensuring transaction security and compliance.
Centralized
Dispute Resolution
Centralized Dispute Resolution
Establishes a unified dispute management system to streamline resolution processes across all transaction types.
High-Availability
Architecture
High-Availability Architecture
Built on cloud-native, distributed, and microservices architecture, with an active-active three-data-centre high-availability deployment model to deliver 24x7 continuous service.
Product
Benefits
Accelerated Market Entry
A modernized ecosystem enables rapid onboarding for banks, PSPs, and MMOs, lowers barriers to entry for SMEs and individuals, and strengthens their market competitiveness.
Improved Financial Operational Efficiency
A unified operating platform with automated and standardized processes reduces operational complexity for participants, elevating operational efficiency and governance capabilities.
Enhanced Financial Inclusion
Omnichannel connectivity and diverse payment methods extend secure and convenient financial services to underserved segments, advancing financial inclusion.
Reduced Investment Costs
Supports multi-tenancy and unified operations, eliminating the need for small and medium-sized banks to build in-house systems and reducing redundant development and maintenance expenses.
Real Results
REAL RESULTS
To strengthen support for the central bank’s core operations, MuRong designed and delivered a tailored implementation solution for CFIT, successfully deploying a series of critical central bank systems including CIPS (Cross-Border Interbank Payment System), UCAM (National Unified Account Management System), and PIRS (National Payment Institution Regulatory System).
As of September 2025, CIPS had 176 direct participants and 1,552 indirect participants. By November 2023, its cumulative transaction volume had reached 411.9 trillion yuan.
The rapid growth of mobile payments and digital commerce drove a sharp expansion in electronic payment transaction volumes, placing significant strain on NUCC’s clearing system. In response, MuRong leveraged MuRong EPSS to upgrade NUCC’s core modules, including account management, transaction processing, clearing and reconciliation, risk management, and value-added services, seamlessly integrating banks, PSPs, MMOs, and other payment institutions into the platform.
In recent years, backed by MuRong’s technical support, transaction volumes on NUCC’s core clearing system have consistently set new records. By 2023, the system processed an annual online payment transaction value of 450 trillion yuan, with a daily transaction count exceeding 1.5 billion.
Want To Get Started?
Get In Touch And Download Our Brochure.
Get In Touch And Download Our
Brochure.