Travelex Global Business Payments has rolled out a new service that will allow its clients to trade in yuan, Finextra reports. The firm will use its GEO Global Clearing Network to send renminbi payments.
The international payments firm will roll out the yuan payments service in China at the end of this month. With the launch of the new service, clients of Travelex will be able to trade directly with authorized Chinese companies.
Click here for the story from Finextra.
Click here for the story from The Guardian.