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BUSINESSAug 1 · 03:00 UTCSCMP WORLDJudy Xue

China cuts durian settlement to 30 minutes with first outbound e-CNY payment to Malaysia

China executed its first outbound digital yuan (e-CNY) payment to Malaysia, settling a 43,000 yuan shipment of fresh durian. The transaction, coordinated by China Construction Bank’s Xiamen and Labuan branches, aims to expand cross-border clearing networks in Southeast Asia outside the SWIFT system.

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ChinaplaceMalaysiaplacedigital yuantopice-CNYtopicChina Construction BankorganizationXiamen branchorganizationLabuan branchorganizationduriantopicSociety for Worldwide Interbank Financial Telecommunication (Swift)organization
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China cuts durian settlement to 30 minutes with first outbound e-CNY payment to Malaysia · The Nexus