Top worry of treasurers: Global growth
Oct 17, 2016
China's online payments clearinghouse expected to ease corporates' transaction and risk burdens
China has reportedly approved an online payments clearinghouse, offering clear benefits to corporates but also posing some challenges.
China’s plan to set up a clearinghouse for online and wireless payment transactions is expected to help corporates reduce working capital burdens, automate end-to-end transaction flows and ease security concerns, although it also comes with significant challenges, according to payments experts interviewed by CT.
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