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First Capital Bank Announces New Payment Service for Chinese Suppliers in Renminbi

First Capital Bank Announces New Payment Service for Chinese Suppliers in Renminbi

First Capital Bank said on Monday 5 February that it introduced the CNH payment service at the beginning of this year, a solution that enables its customers to make direct payments to suppliers in China.

According to a statement from the institution, the bank aims to facilitate the transaction of funds between its clients in Mozambique and their suppliers in China, with the latter receiving the amount in renminbi (yuan) in their bank accounts.

The document states that in response to the needs of its clients, First Capital Bank recently added a business manager proficient in Mandarin to its staff to be exclusively dedicated to managing clients from the Chinese region, with the support of a team prepared to help them develop their activities in Mozambique.

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