Rmb corporate payments gain traction

Global remittance giant Western Union has reported wider use of the renminbi for payments to Chinese companies and exporters.

By I-Ching Ng

Oct 8, 2012

linkedin facebook twitter

Since offering direct renminbi payments last June in 28 countries, Western Union Business Solutions, the corporate payment arm of the New York-listed fund transfer company, saw its American clients’ renminbi payments to China increase by more than 15% in the second quarter this year, compared to the previous three months.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Banks & Service Providers Payments Treasury