Citing unnamed experts, China's state-run Global Times on October 17 said an alternative payment system "may help reduce excessive reliance on the U.S. dollar." BRICS' efforts to increase the use ...

In a fragmenting global economy, China’s push to internationalise the renminbi reveals how economic and financial linkages ...

China has released an action plan to promote the use of the yuan and its own payment system in international trade, as it seeks to reduce its dependence on the dollar amid an escalating trade war ...

The challenge facing the U.S. and allied governments is how to protect systems, citizens, infrastructure and industries from data theft.

The West's sanctions are pushing Russia to develop alternative payment systems with its trade partners. Russia's SPFS and Mir systems, China's CIPS, and India's UPI help aim to challenge SWIFT's ...

The two most widely-used Chinese digital payment platforms are Tencent’s ... into Bangkok’s BTS Skytrain public transport system, reflecting Thailand’s keenness to woo the Chinese tourism ...

I’m wondering if you could talk a bit about how you see advances in payment technologies affecting other parts of the financial system, other fintech sectors, for example, lending. Zhong Wang: It’s ...

HONG KONG, Oct 25 (Reuters) - HSBC's (HSBA.L), opens new tab Hong Kong unit has joined China's worldwide interbank renminbi payment system (CIPS) as a direct offshore participant, according to a ...

Stanbic Bank Kenya’s parent company, Standard Bank, plans to join the China interbank payment system (CIPS) by the end of 2025, hoping to tap into the growing inflow of trade and investment from ...

UPDATE (July 1, 2024): On June 7, 2024, the draft Provisions on the Registered Capital Registration Management System ... of 2023, China’s legislature adopted an amendment to the Company Law, which ...