Deutsche Bank has also signed an MOU with China Merchants Bank, extending their global multi-currency clearing relationship by using the former’s FX4Cash Receivables offering.
FX4Cash provides execution of payments made through a number of client access channels including SWIFT, the internet, host-to-host and Eurogiro, in up to 131 local currencies via wire transfer, cheque and ACH, across approximately 160 countries.
In recent news, Deutsche Bank has completed the acquisition of Xchanging Transaction Bank (XTB).
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