SWIFT's lack of transparency means there’s no way for businesses to know how long their payments will take to clear or how much the transfer will cost. It can be hugely inconvenient when speed is of the essence in paying your suppliers and employees. Fortunately, there are easier and more...
In China, theCross-Border Interbank Payment System (CIPS), which is backed by the People’s Bank of China (PBOC), offers settlement and clearing services for international renminbi (RMB) transactions. Although CIPS currently relies on the SWIFT system, the development of CIPS is part of a bro...
SWIFT's lack of transparency means there’s no way for businesses to know how long their payments will take to clear or how much the transfer will cost. It can be hugely inconvenient when speed is of the essence in paying your suppliers and employees. Fortunately, there are easier and mo...