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Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
After its August debut of sole-branded credit cards in China, the US bank is venturing into corporate credit payments for large firms
US card giants have long criticised China UnionPay for monopolising the country's payment market.