Absa Group is considering joining the Cross-Border Interbank Payment System (CIPS), the Chinese network for international yuan payments, a few months after Standard Bank became the first African bank to process transactions via this platform. Developed by Beijing as an alternative to the dollar-dominated SWIFT system, CIPS aims to enhance the international use of the...
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Absa explores yuan payments for African trade
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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