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system
is there ach analogue in asia?
user
ach as offered in us is a very broad and versatile network used for a range of business case. there is no other network as versatile. in europe uk has bacs as equivalent about 50-70% of what us-ach offers. most european countries also have ach [collectively called ach, have 90% of the layouts that are identical, called by different names domestically, different business capabilities and rules]. most countries in asia also have similar networks. for example in india there is ecs now replaced by nach. in singapore/indonesia/thailand/malaysia they have giro's. china has cnaps and beps. so essentially every country has addressed the business need differently and bis.org has a decent over-view country wise on the clearing systems available.
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