DBS Bank Clients in Singapore Can Now Collect Payments in China's Digital Yuan

07/05 07:50

DBS, a Singaporean bank, has announced that its clients can now receive payments in e-CNY, China's central bank digital currency. The newly launched merchant collection platform allows businesses to automatically settle e-CNY into their bank deposit accounts. DBS has reported that at least one client has already used this platform for a transaction.
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