The Chinese payment firm, which helps MSMEs conduct cross-border trade, has plans for 200 countries, including Vietnam, Bangladesh, Thailand and Pakistan.
The bank has closed the drawdown of a RMB400 million short-term cross border loan for a Brazilian subsidiary of Chinese energy giant State Power Investment Corp, a move that will help internationalise China's currency.
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Platform, called Trusple, claims to build trust among multiple parties and reduce tracking and verification related costs for participating financial institutions.
China's currency watchdog upgraded its rules on centralised cross-border fund management in March. Three months later, Delphi Technologies and Deutsche Bank had a cross-border pooling solution in place
The past week has been momentous for crypto currency proponents, with social media giant Facebook wading into digital assets, but big corporates are unlikely to use it.
If Twitter found that a 140-character limit was not enough, why are payment messages still confined to that number? Deutsche Bank thinks it’s time to use the 15-year old ISO20022 message format, but the road to ...