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⍰ ASK What role do electronic money institutions play in facilitating cross-border transactions for businesses in China?

Electronic money companies in China play a big part in helping businesses with money related across borders. They use digital tech to make international payments easy and cheap.

These companies let businesses do cross-border money things using digital wallets, prepaid cards, and online payments. It makes paying for stuff simpler and less complicated than using regular banks.

Also, they help businesses in China deal with different currencies when doing international trade. They give good exchange rates and let businesses track their transactions in real-time, so everything is clear and transparent.
 

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