Tuesday, 11 August 2026 · World
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Nº 31 Tuesday, 11 August 2026 · World Edition
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Standard Bank Becomes Africa’s Gateway to China’s Yuan Payments

The Rio Times · 1h ago · 🇧🇷 Brazil
Standard Bank Becomes Africa’s Gateway to China’s Yuan Payments

South Africa · Banking Key Facts —First mover: Standard Bank is the first African bank to offer access to China’s Cross-Border Interbank Payment System (CIPS), live since 20 November 2025. —Volume: It had cleared more than RMB 8 billion (about US$1.1 billion) through CIPS by July 2026. —Clearing bank: In June 2026, China approved Standard […] The post Standard Bank Becomes Africa’s Gateway to China’s Yuan Payments appeared first on The Rio Times .

Read the full story at The Rio Times →