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Offer Zengin Fund Transfer payments

Overview​

Zengin Fund Transfer is a customer-initiated domestic bank transfer in Japan. The customer instructs a participating financial institution to send the payment using the details provided by Cleverbridge.

 

This page explains Zengin Fund Transfer from the client's perspective. You can share the Pay by Zengin Fund Transfer guide with customers who need help completing the transfer.

Zengin Fund Transfer at a glance​

CapabilityCleverbridge support
Primary marketJapan.
Payment initiationThe customer initiates the transfer through their bank.
Bank networkA participating financial institution sends the domestic transfer through the Zengin System.
ConfirmationCleverbridge completes the order after receiving and matching the payment.
DeliveryCleverbridge sends the applicable delivery details after payment confirmation.

The Japanese Banks' Payment Clearing Network explains that the Zengin System relays domestic credit-transfer data between participating financial institutions and clears the resulting interbank positions. See the Zengin System overview.

Why offer Zengin Fund Transfer?​

Zengin Fund Transfer gives customers in Japan a domestic bank-payment route through participating financial institutions. It can suit customers who prefer or are required to initiate a bank transfer instead of paying by card or wallet.

Order flow​

Zengin Fund Transfer payment flow
  1. The customer selects Zengin Fund Transfer and confirms the order.
  2. Cleverbridge provides the bank details and payment instructions.
  3. The customer submits the transfer through a participating financial institution.
  4. The Zengin System relays the transfer information through the domestic bank network.
  5. Cleverbridge receives and matches the payment to the order.
  6. After confirmation, Cleverbridge sends the delivery details.

Processing and matching​

The Zengin network can relay payment information in real time, but this does not establish a Cleverbridge order-completion time. Cleverbridge still needs to receive and match the incoming payment before completing the order.

For more information about the network, see the Japanese Banks' Payment Clearing Network's domestic fund-transfer overview.


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