Growing demand from multinationals for diversified cross-border payment routes is driving further expansion of China's Cross-Border Interbank Payment System (CIPS) as foreign firms seek to reduce ...

CIPS has released its 2026 edition of the Global State of Procurement and Supply. Credit: Unsplash CIPS has released its 2026 edition of the Global State of Procurement and Supply, exploring how these ...

China has changed the rules governing its Cross-border Interbank Payment System (CIPS), widening its scope beyond yuan-only transactions and opening the door to handling other currencies and payment ...

China’s recent changes to the rules governing its global payment system could pave the way for turning it into a genuine alternative to Western networks, according to a new report. Beijing now appears ...

Imagine the year 2030. A major energy exporter finalises a large contract for natural gas, settling the transaction not in dollars, but in a digital yuan, transferring assets seamlessly over a ...

China developed its own cross-border payment system, known as the Cross-Border Interbank Payment System (CIPS), as an alternative to the SWIFT network. Launched in 2015, CIPS was designed to ...

A Cardano Improvement Proposal (CIP) is a formalised design document for the Cardano community and the name of the process by which such documents are produced and listed. A CIP provides information ...

Imagine being able to pay a Chinese supplier or send remittances in yuan as easily as paying your local vendors. It might sound impossible, but CIPS has made cross-border payments to China much more ...

CIPS survey reveals record supply chain concerns in Q2 2025, with healthcare and key sectors bracing for cost surges amid tariffs and global instability The Q2 2025 CIPS Pulse Survey, collecting ...

The National Bank of Georgia (NBG) has clarified that joining China’s Cross-Border Interbank Payment System (CIPS) is not a replacement for SWIFT, but a way to enhance trade efficiency with China. The ...