The strict capital controls in China are slowly more surmountable as Renminbi payments made from overseas into China gain new channels.
Cross-Border Auto Sweeping Aids Foreign Businesses In China
Citi announced the implementation of its first RMB Cross-Border Auto Sweeping structure from China to London.
Thai Bank Extends SME Business Opportunities Via Alibaba
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
Postal Savings Bank Does Payment Deal With MoneyGram
MoneyGram is working with the Postal Savings Bank of China to provide money transfer services in over 3,700 locations.
Fuzhou Rural Commercial Bank Inks MoneyGram Deal
MoneyGram has signed an agreement with Fuzhou Rural Commercial Bank.
Fortumo Announces Direct Billing Agreements In China
Mobile payments provider Fortumo now has direct carrier billing agreements with China Unicom and China Telecom.