Story thread · 2 reports / 2 sources

Saudi Arabia Exits China’s mBridge Cross-Border Payments Program

pymnts.com · 3hShare

Saudi Arabia has reportedly withdrawn from China’s mBridge digital currency/cross-border payments program. That’s according to a report Sunday (Sept. 20) by the Financial Times (FT), which says the program has drawn controversy in the U.S. due to concerns that participating countries could use it to skirt dollar-dominated payment systems like Swift. mBridge, soon due to […] The post Saudi Arabia Exits China’s mBridge Cross-Border Payments Program appeared first on PYMNTS.com .

First report: Saudi Arabia Exits China-Led mBridge After SAMA Ends Participation Following May 2025 Test — newscord.org, 1d