Mastercard is seeking a role in the development of China’s central bank digital currency (CBDC) by supporting the use of the digital yuan for cross-border transactions and its conversion to and from foreign currencies, according to South China Morning Post (SCMP). Mastercard Asia-Pacific co-president Ling Hai confirmed in an interview with the Hong Kong-based publication […]

Read the rest of Mastercard in talks with PBOC over support for cross-border digital yuan transactions at NFCW.