Category: Offshore Banks
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The “UnionPay” app can be used in 25 countries and regions outside mainland China
SHANGHAI, April 27, 2018 /PRNewswire/ — To better meet UnionPay cardholders’ demands for mobile payment services, UnionPay International is expanding the acceptance scope of the “UnionPay” app outside mainland China. UnionPay International announced today that users of the “UnionPay” app can now enjoy safe and convenient UnionPay mobile payment service in 25 countries and regions outside the Chinese…
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Sino-US Business Leaders Summit Successfully Held
MIAMI, March 30, 2018 /PRNewswire/ — China has become the biggest trade partner of the United States since the reform and opening-up policy of China. According to the statistical data of the U.S. Department of Commerce, in 2016, the export sales of the U.S. to China reached USD 115.78 billion, the import amount from China reached USD 462.81 billion, and China became the biggest trade partner of the U.S., accounting for 21.1% of…
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Banks Learn How to Profit From the Transaction Banking Gold Rush at Annual iGTB Oxford School
[box]Third iGTB Oxford School of Transaction Banking confirms the opportunity but highlights key pitfalls[/box] “Roll up for the transaction banking gold rush,” was the rallying cry as 60 senior transaction bankers from across the globe convened for the annual iGTB Oxford School of Transaction Banking, hosted by corporate banking technology specialist Intellect Global Transaction Banking…
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UnionPay mobile payment transaction volume grows as Chinese tourists celebrating the Spring Festival all around the world
SHANGHAI, Feb. 19, 2018 /PRNewswire/ — Today is the fifth day of the Chinese Spring Festival holiday, and the Chinese New Year has become a global tourism peak season with more and more Chinese tourists celebrating the festival abroad. According to the data from China Tourism Academy, as many as 6.5 million Chinese people travel abroad this Spring…
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Trade/Project Financier, Bachmann & Welser To Launch USD 2 billion Project Finance Fund
EDINBURGH, Scotland, February 17, 2018 /PRNewswire/ — Global Trade/Project Financier, Bachmann & Welser will launch a USD 2 billion Project finance fund in March 2018 with funds that will be backed by several private and institutional investors. The launch will coincide with Bachmann & Welser’s Asian Headquarters opening in Hong Kong. The fund, which is to be called, B&W Global Project Finance Fund,…
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New Study Shows Independent Operators Provide Majority of U.S. ATMs & Serve Under-Banked
JACKSONVILLE, Fla., Feb. 16, 2018 /PRNewswire/ — As part of Congressional testimony offered during yesterday’s hearing before the U.S. House Subcommittee on Financial Institutions and Consumer Credit, Chaired by Congressman Blaine Luetkemeyer (R-MO), The National ATM Council (NAC) submitted the findings of a new independent study on the state of the U.S. ATM marketplace, entitled Location Study of ATMs in…
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MoneyGram and GCash Drive Financial Inclusion in the Philippines
New partnership strengthens MoneyGram’s digital business in the region MANILA, Philippines, Feb. 7, 2018 /PRNewswire/ — MoneyGram (NASDAQ: MGI) and GCash, the mobile wallet and micropayment arm of Mynt, announced today a new partnership to drive financial inclusion in the Philippines. Millions of GCash users can now receive money from over 200 countries and territories on their mobile wallet and use the…
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Itaú Private Bank Opens Bahamas Trading Desk
Itaú Private Bank, from a leading position in the Brazil domestic market, has launched a new Bahamas-based trading desk to help Brazilians invest offshore. In addition to investing US $25 million in technology, Itaú has strengthened the team of advisors in Zurich and Miami and now launches a new trading desk aimed at fostering offshore…
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The World Bank’s incoherent approach to taxes
The World Bank should revise its Doing Business report to bring coherence to its work on taxes. The World Bank’s Doing Business report came under fire last week for its alleged political bias against Chile. Doing Business is a sort of international competitiveness ranking. It measures on an annual basis the ease of doing business…