Western Union! Update on China's Policy for Cross-Border Payments
China recently approved changes to its policy for accepting a much greater volume of cross-border payments in its home currency (vs. U.S. dollars), of the Reminbi. (Read more about the difference between the Remindbi and the Yuan in this NPR article, Wait, What’s the Difference Between Yuan and Renminbi, and read more about the recent policy change in this article in Treasury & Risk: Paying in RMB Expanded).
You can learn more about this signficant development in an April 24 webinar (2:00 pm EST) sponsored by FEI and Western Union, featuring Alfred Nader, Vice President of Corporate Strategy and Development for Western Union Business, speaking on: "Understanding the International of the Chinese Currency: Is Your Organization Renminbi Ready?" Western Union's Nader is frequently quoted in the business press, including the Treasury & Risk article above, and this article published by CNBC.
Learn more about the webcast, and register here.