28 Aug



InstaReM Enables B2B Payments into China from the UK and Europe

Digital money transfer provider InstaReM now enables the UK and European businesses to make payments into China. The payment facility comes into fruition with immediate effect with payments to Chinese businesses being faster and more efficient to allow stronger business ties to be built.

China is a key constituent of the global trade today and businesses from most of the countries have been sourcing from China. According to the European Comission (EC), China is the EU’s biggest source of imports and its second-biggest export market with China and Europe trading on average over €1 billion a day. Also, trade between the UK and China has grown rapidly in the recent past. According to a British Parliament research briefing, in 2017, UK imports from China stood at £45.2 billion, China accounting for 7.0 percent of all UK imports....

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