Clear2Pay has announced that its Open Payment Framework technology is at the core of the Enterprise Services Bus (ESB) that has gone live at Bank of East Asia (BEA) in Shenzhen to support its entire business in China.

In this first phase of a move towards a Bank Payment Hub, the Enterprise Bus Server has gone live in Q4 of 2009 to mediate between the various channels, such as Corporate Internet Banking and the Electronic Commercial Bill System and backend systems, covering both the Core Banking System and four other local currency systems.

Bank of East Asia, with over 130 branches in Hong Kong and a further 70 branches and commercial offices in mainland China, operates one of the largest networks of any foreign bank. The bank is widely regarded as a pioneer in the mainland market when it was one of the first foreign banks to be established as a locally incorporated bank in China in 2007, followed by being the first foreign bank to successfully launch Renminbi credit and debit cards in China in 2008.