A cross-border real-time settlement method and system based on a virtual account gateway

Abstract

This invention discloses a cross-border real-time settlement method and system based on a virtual account gateway. The method includes: creating a primary virtual account in local currency and multiple virtual sub-accounts in foreign currencies for enterprise users, and binding them to a physical local currency bank account; establishing a mapping relationship between the foreign currency virtual sub-accounts and the physical receiving accounts of partner banks, and embedding a unique identifier; upon receiving payment, parsing the corresponding foreign currency virtual sub-account based on the unique identifier in the received data, calling a real-time multi-source exchange rate engine to convert the amount into local currency at the real-time exchange rate, and crediting it to the primary virtual account in local currency; upon making payment, performing compliance review on the payment instruction, locking the exchange rate after approval, selecting a target channel from pre-configured clearing and settlement channels, calculating the amount payable based on the locked exchange rate and channel fee rate, and deducting the payment from the bound physical account; generating a panoramic transaction record containing virtual account changes and transaction information. This invention achieves integrated, real-time, cost-transparent, and automated reconciliation of cross-border settlement.

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