Yuan Demand in Global Trade Spurs Ebury to Boost China Hires

UK-based cross-border payment firm Ebury is looking to ramp up hiring in China, driven by local companies expanding trade overseas and the increasing use of the yuan in global commerce.

Ebury, which currently has 10 employees in China, is looking to “double or triple the team size in Shenzhen and Shanghai offices in the upcoming two years,” Mark Lam, head of cross-border trade for Europe and China, said in an interview. About 75% of the firm’s staff is based in Europe.