Samsung kicks off RMB netting programme
Samsung has introduced renminbi into its multi-currency payment netting portfolio with the help of Citi.
The world’s most prolific smartphone maker Samsung has introduced renminbi into its multi-currency payment netting portfolio, according to a Citi press statement issued yesterday (May 18). Citi acts as the Korean chaebol’s netting bank. Its netting operations are based out of London.
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