Millennium
Bim bank has launched a Chinese currency transaction service that offers a
number of advantages, a press release sent to Club of Mozambique says.
Customers who import Chinese products and services will now be able to make
their payments in Chinese currency.This measure
aims to facilitate business and trade between the Millennium Bim clients and
their Chinese suppliers, at a time when China is becoming one of Mozambique’s
main economic partners.
This service
was created under the China International Payment System (CIPS) and customers
who wish to benefit from it have to comply with the documentation requirements
of the Chinese authorities. These transactions do not have a transfer limit,
but do require that beneficiary companies have accounts based in Chinese
territory.The service
responds to a growing market need, and Millennium Bim’s offer of the new
service demonstrates its interest in and concern for its clients.The service
joins a suite of services that Millennium Bim has created for companies,
including a recently launched business credit card which guarantees better
management of the company’s accounts, including employees’ expenses.Millennium
Bim’s objective is to remain at the forefront of innovation, providing its
customers the best services with the best conditions.
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