Countries from Russia to China are building payments systems that could threaten the dollar's global dominance
Cryptocurrencies, SWIFT alternatives, and even the barter system could reshape global payments amid Western sanctions.
Decline of the US dollar as dominant global currency is inevitable: economists
The world is already moving towards a multicurrency system as financial technologies evolve and China pushes the yuan, ...
American Express joins Alipay digital payment system in China
American Express and Alipay on Tuesday said all global American Express card members can now link their cards to the Alipay digital wallet, enabling payments at tens of millions of merchants across ...
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People's Bank of China supports banks’ participation in China's payment system
The People's Republic of China Payment System was established by the country's central bank in 2012 to conduct cross-border transactions and clearing operations in yuan BEIJING, October 21.
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Russia, China set to create payment system without using SWIFT — Deputy PM
Chinese companies in Russia, and creating a payment system without using SWIFT," the Deputy Prime Minister said. Novak added that Russia and China also plan to jointly develop the production of ...
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American Express joins Alipay digital payment system in China
enabling payments at tens of millions of merchants across mainland China. The initiative not only simplifies transactions for travellers but also provides local businesses with greater ...