Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country now accept Alipay. Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. The recent...
B2B payments are an instrumental component of global trade and of setting the stage for currencies to operate as global instruments of cross-border trade. China’s renminbi (RMB) is one global currency that is pushing its international standing, but new data from SWIFT released earlier this...
A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust in the currency by foreign investors, GTR reported Wednesday (Jan. 17). Speaking in Hong Kong this...
The Chinese RMB has slipped in international payments usage, according to SWIFT. Analysts say it's an outgrowth of China's central bank policies and offer suggestions on how corporate treasurers can cover liquidity needs tied to the currency.
February 12, 2018
Chinese tourists looking for a coffee fix in South Korea are in luck, as more than 1,000 Starbucks locations across the country now accept Alipay. Owned and operated by Ant Financial Services Group, Alipay is the world’s largest online and mobile payment platform. The recent news also makes it the first third-party mobile payment method […]
January 18, 2018
A senior German central banker has warned that “discreet policy interventions” in China’s renminbi (Rmb) are not helping the country’s exports. Instead, they are leading to a lack of trust...
