Growing demand from multinationals for diversified cross-border payment routes is driving further expansion of China's ...

The RMB International Letter of Credit business under the Cross-Border Inter-Bank Payments System (CIPS)'s was officially launched in the presence of related overseas branches ... The RMB ...

As expected it drew some media attention, with the familiar theme that the renminbi—which surpassed the Japanese yen to become the fourth-most traded currency in the world in August, according to ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The bank said: "VTB connected to the China International Payment System ...

Nineteen banks – including nine foreign institutions – are connected directly to CIPS, allowing them to clear cross-border RMB payments without using an offshore clearing centre. The current working ...

BEIJING, July 30 (Reuters) - Chinese banks may have to rely on the country's homegrown payment system for cross-border transactions if the U.S. imposes sanctions on lenders who serve officials ...

The Silicon Valley Association of Realtors 8th Certified International Property Specialist (CIPS) Institute concluded last Friday. The CIPS Institute provides training in international business issues ...