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China

UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency

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The Central Bank of the UAE (CBUAE) and CIPS, the operator of China’s Cross Border Interbank Payment System, have signed a MoU to strengthen cooperation in payment infrastructure and improve the efficiency of cross border transactions between the UAE and China. Under the agreement, both parties will collaborate on initiatives aimed at supporting the use […]

The post UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency appeared first on Fintechnews Middle East.

China and UAE Ink Deal to Boost Cross-Border Payment Cooperation

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China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have signed a MoU to strengthen cooperation on cross-border payments, the People’s Bank of China (PBOC) announced. According to the statement by the PBOC, which oversees and regulates CIPS, the agreement is expected to enhance payment infrastructure and improve […]

The post China and UAE Ink Deal to Boost Cross-Border Payment Cooperation appeared first on Fintechnews Middle East.

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