Tag: cips

March 26, 2016 BY Maria Nikolova

SWIFT, China International Payment Service Corp sign memorandum of understanding

SWIFT announced on Friday that it has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU details plans for strategic co-operation to develop China’s Cross-border Interbank Payment System (CIPS) leveraging SWIFT as a channel to connect CIPS with SWIFT’s global user community. SWIFT Chief Executive of Asia Pacific…

October 09, 2015 BY Mike Fox

Deutsche Bank becomes a direct participating bank of China’s newly launched CIPS

China's cross-border interbank payments system, established as a yuan-based alternative to the interbank Swift network, has launched with 11 domestic banks and eight foreign institutions onboard.

Tag: cips

SWIFT, China International Payment Service Corp sign memorandum of understanding

Deutsche Bank becomes a direct participating bank of China’s newly launched CIPS

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