{"id":491085,"date":"2026-05-21T14:20:41","date_gmt":"2026-05-21T14:20:41","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/05\/21\/absa-explores-yuan-payments-for-african-trade\/"},"modified":"2026-05-21T14:20:46","modified_gmt":"2026-05-21T14:20:46","slug":"absa-explores-yuan-payments-for-african-trade","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/05\/21\/absa-explores-yuan-payments-for-african-trade\/","title":{"rendered":"Absa explores yuan payments for African trade"},"content":{"rendered":"

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... <\/p>\n

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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…... <\/p>\n

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Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":527297,"featured_media":491086,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/05\/18\/absa-explore-les-paiements-en-yuan-pour-le-commerce-africain\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12000,11996,12038],"tags":[],"class_list":{"0":"post-491085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bank","8":"category-banks-insurance","9":"category-finance-en","10":"category-premium-en","11":"pmpro-level-required","12":"pmpro-level-1","13":"pmpro-level-3","14":"pmpro-level-4","15":"pmpro-level-5","16":"pmpro-level-6","17":"pmpro-level-7","18":"pmpro-no-access"},"yoast_head":"\nAbsa explores yuan payments for African trade - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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