Saudi Arabia has quietly withdrawn from China's mBridge digital payment platform, removing a key participant from Beijing's effort to build an alternative to the dollar-dominated SWIFT system. The Saudi Central Bank completed its proof of concept in May 2025 and is no longer a p…
Saudi Arabia Exits China's mBridge Payment Platform in Blow to De-Dollarisation Push
Saudi Arabia has quietly withdrawn from China's mBridge digital payment platform, removing a key participant from Beijing's effort to build an alternative to the dollar-dominated SWIFT system. The Saudi Central Bank completed its proof of concept in May 2025 and is no longer a participating member.
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