English
Siemens AG, Commerzbank AG, and logistics provider Fr. Meyer’s Sohn (FMS) have completed a cross-border trade pilot using fully digital documentation between Germany and China. The transaction, executed in a controlled environment, reduced document processing time from approximately two weeks to under two hours.
HSBC has launched ‘Receivables Advantage’, an enhanced non-recourse receivables finance solution designed to help large corporates unlock working capital, transfer buyer credit risk, and strengthen balance sheet resilience.
New initiative under the TCCA+ Program targets investment readiness and cross-border market access for Central Asian entrepreneurs
Australian Prime Minister Anthony Albanese will travel to China later this week, as both governments signal interest in recalibrating trade ties and reviewing the China-Australia Free Trade Agreement (ChAFTA).
Morocco has joined the Pan-African Payment and Settlement System (PAPSS), becoming the seventeenth country to participate in the platform. The agreement was formalised through the signature of Bank Al-Maghrib, the country’s central bank, and reflects continued regional efforts to improve cross-border payment infrastructure under the African Continental Free Trade Area (AfCFTA).
The Reserve Bank of India (RBI) has directed all banks to integrate the Department of Telecommunications’ (DoT) Financial Fraud Risk Indicator (FRI) into their operational systems.