{"id":12679,"date":"2025-06-11T06:35:34","date_gmt":"2025-06-11T06:35:34","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=26516"},"modified":"2025-06-11T06:35:34","modified_gmt":"2025-06-11T06:35:34","slug":"china-and-uae-ink-deal-to-boost-cross-border-payment-cooperation","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/china-and-uae-ink-deal-to-boost-cross-border-payment-cooperation\/","title":{"rendered":"China and UAE Ink Deal to Boost Cross-Border Payment Cooperation"},"content":{"rendered":"<p>China\u2019s Cross-Border Interbank Payment System (CIPS) and the <a href=\"https:\/\/fintechnews.ae\/tag\/central-bank-of-the-uae-cbuae\/\"  rel=\"noopener\">Central Bank of the United Arab Emirates (CBUAE)<\/a> have signed a MoU to strengthen cooperation on cross-border payments, the People\u2019s Bank of China (PBOC) announced.<\/p>\n<p>According to the statement by the PBOC, which oversees and regulates CIPS, the agreement is expected to enhance payment infrastructure and improve the efficiency of cross-border transactions.<\/p>\n<p>As part of the agreement, CIPS and the UAE\u2019s central bank will collaborate on the development of a cross-border payment connectivity programme, aimed at providing local currency clearing services for financial institutions across the Middle East and North Africa.<\/p>\n<p>The two parties will also step up exchanges in areas such as risk management and compliance, with the goal of making cross-border payment systems \u201csafer and more stable,\u201d the statement said.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Featured image credit: Edited by Fintech News Middle East, based on image by <a href=\"https:\/\/www.freepik.com\/premium-psd\/china-vs-united-arab-emirates-half-combined-flag-cloth-bump-texture-3d-rendering_312004134.htm\"  rel=\"noopener\">Benzers <\/a>via Freepik<\/em><\/p>\n<p>The post <a href=\"https:\/\/fintechnews.ae\/26516\/fintechdubai\/china-uae-cross-border-payment\/\">China and UAE Ink Deal to Boost Cross-Border Payment Cooperation<\/a> appeared first on <a href=\"https:\/\/fintechnews.ae\/\">Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s 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\u2019s 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 [&#8230;]<\/p>\n<p>The post <a href=\"https:\/\/fintechnews.ae\/26516\/fintechdubai\/china-uae-cross-border-payment\/\">China and UAE Ink Deal to Boost Cross-Border Payment Cooperation<\/a> appeared first on <a href=\"https:\/\/fintechnews.ae\/\">Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,278,277,279,206,280],"tags":[],"class_list":["post-12679","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-central-bank-of-the-uae-cbuae","category-china","category-cross-border-interbank-payment-system-cips","category-dubai","category-peoples-bank-of-china-pboc"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12679"}],"version-history":[{"count":1,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12679\/revisions"}],"predecessor-version":[{"id":12680,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12679\/revisions\/12680"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}