RMB Adoption Stagnates in US in May, SWIFT Data Shows
Posted: Mon Jun 27, 2016 6:43 pm
SWIFT, a global provider of financial messaging services, reported its monthly tranche of data for its monthly RMB tracker, having seen a stagnation in the RMB adoption across the United States, relative to a healthy growth in Q1 2016, per a recent SWIFT statement.
RMB adoption in the US has been a mixed bag – on one hand, centers such as New York are vying for RMB market share in direct competition with other leading financial nexuses such as London. Outside of this space however, payments in RMB during May 2016 have failed to catch fire as payments declined by -1.6% ... (read more)