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International Payments | Whitepapers

Navigating the RMB

Don’t let the RMB get the better of you and your profits. The following handy insights will help you smoothly navigate your way into China.

Local currency payments
Local currency payments can help save time and money.

Doing business with China can be complicated. Many companies give up on the cost benefits of paying in China’s local currency because they are confused by the three different markets which the Renminbi operates in.

Don’t let the RMB get the better of you and your profits. The following handy insights will help you smoothly navigate your way into China.


"It’s a real competitive advantage to offer our clients the ability to pay in their local currency. Having this currency converted into AUD so quickly, means there’s minimal disruption to our cash flow." 

Michelle Jin, Executive Director, Westwell Australia

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