{"id":7979,"date":"2025-12-11T07:41:51","date_gmt":"2025-12-11T07:41:51","guid":{"rendered":"https:\/\/acudc.com\/?p=7979"},"modified":"2025-12-11T07:44:02","modified_gmt":"2025-12-11T07:44:02","slug":"uaes-rakbank-uses-mbridge-wholesale-cbdc-solution-for-chinese-payment","status":"publish","type":"post","link":"https:\/\/acudc.com\/zh_tw\/uaes-rakbank-uses-mbridge-wholesale-cbdc-solution-for-chinese-payment\/","title":{"rendered":"UAE\u2019s RAKBANK uses mBridge wholesale CBDC solution for Chinese payment"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7979\" class=\"elementor elementor-7979\">\n\t\t\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-624d676d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"624d676d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b01699e\" data-id=\"5b01699e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-309872b elementor-widget elementor-widget-image\" data-id=\"309872b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"794\" height=\"484\" src=\"https:\/\/acudc.com\/wp-content\/uploads\/2025\/12\/News1211.01.png\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/acudc.com\/wp-content\/uploads\/2025\/12\/News1211.01.png 794w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/12\/News1211.01-300x183.png 300w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/12\/News1211.01-768x468.png 768w, https:\/\/acudc.com\/wp-content\/uploads\/2025\/12\/News1211.01-18x12.png 18w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d5cd177 elementor-widget elementor-widget-text-editor\" data-id=\"7d5cd177\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Image by Ledger Insights<\/p><p>Earlier this week the UAE\u2019s RAKBANK confirmed it made its first cross border payment using the mBridge platform. mBridge is multi-wholesale CBDC payment solution founded by the BIS Innovation Hub and the central banks of Thailand, Hong Kong, China and the UAE, with Saudi Arabia joining in June. In the same month, the central banks launched the minimum viable product (MVP) version of mBridge.<\/p><p>A key advantage is transactions can be sent directly from the sending bank to the recipient bank without the need to rely on correspondent banks as intermediaries. Hence, it aims to make payments faster, cheaper and more transparent.<\/p><p>\u201cThe successful transfer of eCNY to our correspondent in China is a game-changer in several respects,\u201d said Vikas Suri, Co-Head of Wholesale Banking Group at RAKBANK. \u201cIt\u2019s one of the first UAE-led foreign currency transfers executed in local currencies without involving a third currency to China and without using conventional payment rails. This is a gamechanger that paves the way for instant blockchain based CBDC exchanges with payment versus payment, fundamentally altering how we approach international payments.\u201d<\/p><p>\u00a0<\/p><p>Retrieved from: <a href=\"https:\/\/www.ledgerinsights.com\/uaes-rakbank-uses-mbridge-wholesale-cbdc-solution-for-chinese-payment\/\">https:\/\/www.ledgerinsights.com\/uaes-rakbank-uses-mbridge-wholesale-cbdc-solution-for-chinese-payment\/<\/a><\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Image by Ledger Insights Earlier this week the UAE\u2019s RAKBANK confirmed it made its first cross border payment using the mBridge platform. mBridge is multi-wholesale CBDC payment solution founded by the BIS Innovation Hub and the central banks of Thailand, Hong Kong, China and the UAE, with Saudi Arabia joining in June. In the same &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/acudc.com\/zh_tw\/uaes-rakbank-uses-mbridge-wholesale-cbdc-solution-for-chinese-payment\/\"> <span class=\"screen-reader-text\">UAE\u2019s RAKBANK uses mBridge wholesale CBDC solution for Chinese payment<\/span> Read More &raquo;<\/a><\/p>","protected":false},"author":6,"featured_media":7978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[15,9],"tags":[38,27],"_links":{"self":[{"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/posts\/7979"}],"collection":[{"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/comments?post=7979"}],"version-history":[{"count":4,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/posts\/7979\/revisions"}],"predecessor-version":[{"id":7983,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/posts\/7979\/revisions\/7983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/media\/7978"}],"wp:attachment":[{"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/media?parent=7979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/categories?post=7979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acudc.com\/zh_tw\/wp-json\/wp\/v2\/tags?post=7979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}