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The Nexus
BUSINESSJul 17 · 07:00 UTCSCMP CHINADaisy Wu

China and UAE cross-border QR payment link to boost the global yuan

China and the United Arab Emirates are establishing a cross-border QR payment system to facilitate yuan internationalization. The initiative involves Bank of China, UnionPay International, and Al Etihad Payments, enabling users to make payments via domestic mobile apps in either country.

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ChinaplaceUnited Arab EmiratesplaceBank of ChinaorganizationUnionPay InternationalorganizationAl Etihad Paymentsorganizationcross-border QR payment systemtopicinternationalization of the yuantopic
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