The strict capital controls in China are slowly more surmountable as Renminbi payments made from overseas into China gain new channels.
Citi announced the implementation of its first RMB Cross-Border Auto Sweeping structure from China to London.
Alibaba's international site reached a deal with the Thai bank Kasikornbank which will help Kasikornbank introduce its small- and medium-sized enterprise customer resources to
MoneyGram is working with the Postal Savings Bank of China to provide money transfer services in over 3,700 locations.
MoneyGram has signed an agreement with Fuzhou Rural Commercial Bank.
Mobile payments provider Fortumo now has direct carrier billing agreements with China Unicom and China Telecom.
U.S.-based Smithfield Foods Inc., an iconic American company that ties its branding to America's heritage, has done the nearly unthinkable by selling to a
Money transfer company MoneyGram has inked a deal with a Chinese payments firm to expand global services.
Chinese Internet company Tencent's online payment service Tenpay and American Express have reached cross-border payment cooperation and the two parties have jointly launched a
Chinese B2C e-commerce website 360buy.com and the Beijing branch of Bank of China are jointly launching a supply chain financial service platform.