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FAB becomes MENA’s first lender to join CIPS as direct participant
First Abu Dhabi Bank has become the first lender in the MENA region to join the cross-border Interbank Payment System (CIPS) as a direct participant (DP), according to a press release. FAB’s direct participation in CIPS, the official cross-border payment infrastructure for Renminbi (RMB), improves its ability to provide clients…
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