Tag: payments

Banks' focus on the customer is admirable, but standardisation is now difficult and the client paradoxically suffers.

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.

With the aid of Joe Ng, APAC head of RMB payments product management, at Deutsche Bank, CT offers up the key questions to help you prepare a shift to renminbi.

US multinational approved to tap the PBOC’s extended pilot programme for cross-border RMB intercompany lending.

China’s central bank has lifted a host of restrictions designed to make renminbi cross-border trade settlement easier to conduct, while at the same time announced new measures to promote greater offshore renminbi activity.

China's central bank is set to allow companies to sweep their renminbi in and out of the country as part of a new pilot programme, CT understands. The news coincides with more major developments for the currency.

Qoo10, a joint venture between eBay and the founder of Korean company Gmarket, needed a more efficient way to process its high volume payments.

German car parts and tyre maker Continental has joined the club of multinationals approved by China’s central bank to transact renminbi intercompany loans out of China.

China tightens payments regulations; UK's crime regulator launches FX rigging probe; Vietnam to cool currency through gold trading restrictions

Ryan Hershberger, regional treasurer of Asia-Pacific and Africa, on how Ford was restructured after the credit crunch left it reeling.

Clearing of renminbi in Singapore has begun. The first reported Singapore dollar/renminbi spot trade was completed by Deutsche bank for a client based on the offshore renminbi rate.

J.P. Morgan has provided its clients with advice on how to get the green light from the People’s Bank of China (PBOC) to conduct a cross-border renminbi intercompany loan. Here is a précis of the guidance: