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DBS Launches CBDC Merchant Collection Solution in China

DBS has launched a new solution that allows merchants in China to collect payments using e-CNY, the country's central bank digital currency (CBDC). The banking giant has also completed the first transaction for a client, a catering company in Shenzhen, on the new platform. Additionally, the Singapore-based banking and financial services firm outlined some the benefits of the new service in an announcement today (Wednesday).E-CNY Merchant Collection SolutionThe e-CNY merchant collection solution... Read More

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Launches

Cbdc

Merchant

Collection

Solution

China

Forex

Posted: Jul 5 2023, 13:28

Author Name: financemagnates

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