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The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.
Corporate treasurers of some of the world’s largest companies discuss why and where they established their regional treasury centres (RTCs).
Companies - both Western and Asian - are finding creative ways to make cross-border payments in the region more efficient.
The utility approach to KYC process will help treasurers comply with global regulations and manage their KYC responsibilities across multiple banks.
Owners of bitcoin can do this via an online app. But ultimately corporates still seem reluctant to back it.
Owners of bitcoin can use it to buy Starbucks products via an online application. But ultimately corporates still seem reluctant to back bitcoin.
As Apple Pay closes in on its 1,000th US card issuer a cashless society is coming closer than ever.
The development of the AEC is exciting, but many areas – particularly services and
finance – will remain heavily protected.
As more consumers feel at ease paying for goods online, treasury departments need to safely support e-commerce digitally.
The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.