Browsing Tag
CIPS
3 posts
China’s CIPS Explained: How It Differs From SWIFT
China developed its own cross-border payment system, known as the Cross-Border Interbank Payment System (CIPS), as an alternative…
BRICS Grows As 1,700 Banks Process 175 Trillion Chinese Yuan Payments
BRICS member China’s new payment system, Chartered Institute of Procurement & Supply (CIPS), has processed over 175 trillion…
BRICS: China Officially Launches Plan to Promote Its Own Payment System
BRICS member China officially rolled out a plan to promote its own payment system to replace SWIFT. The…