According to recent data from the State Administration of Foreign Exchange, the renminbi’s use in China’s cross-border transactions has hit an all-time high. In July 2024, 53% of China’s inbound and outbound transactions were conducted using the renminbi, surpassing the US dollar in China’s international receipts.
Trade Finance Global (TFG) and FCI are thrilled to launch its latest whitepaper. At FCI’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring.
As businesses strive to optimise processes, enhance efficiency, and meet growing customer demands, the tools they use need to evolve as well.
Recent leadership changes or upcoming elections in Nigeria, Ghana, and South Africa will impact economic and trade policy. This could be a tipping point for these countries, either strengthening their trade position or creating new challenges.
Often described as the lifeblood of international commerce, a bank can only refuse payment under an LC if the documents are non-compliant or if the seller who seeks presentation, has… read more →
This initiative reflects TFG’s dedication to maintaining high editorial standards and delivering impactful content to its rapidly growing audience of over 160,000 readers and 7.1 million organic impressions per month.… read more →
The payment card services provider Visa has signed a worldwide agreement with Revolut, the financial technology company and payments app, to launch Instant Card Transfers for Revolut Business customers.
Trade Finance Global, the leading platform for trade, treasury, and payments information, has today announced the launch of its redesigned native website.
After 17 years of negotiating its ascension, Comoros has become the 165th member of the World Trade Organization (WTO) as of 21 August 2024. Comoros also accepted the WTO Agreement on Fisheries Subsidies, bringing the total number of acceptances to 82.
India introduced digital Trade Receivable Discounting System (TReDS) platforms in 2017 to help SMEs overcome late payment issues, with three licensed entities expected to reach $25 billion in throughput by FY 2024-25.
