Standard Bank Passes CNY 8 Billion in CIPS Payments as Africa-China Trade Grows

Standard Bank has processed more than CNY 8 billion which’s about $1. 2 billion in cross-border payments through the Interbank Payment Systems.

This shows that trade between Africa and China is increasing and more people want to use the Renminbi for settlements across the continent. This milestone happened over a year after Standard Bank was the … The post Standard Bank Passes CNY 8 Billion in CIPS Payments as Africa-China Trade Grows appeared first on TechTrendsKE .

This article continues with more details and analysis.

Read the complete article on TechTrends KE →