Africa's largest bank helps China reshape cross-border payments with $1.2 billion in transactions

Africa's largest lender, Standard Bank, has processed over $1.2 billion in transactions using China's Cross-Border Interbank Payment System (CIPS). The move facilitates direct yuan-denominated payments for trade between China and African nations, bypassing traditional USD-based settlement networks.

This Wire brief sits within Fusion42's coverage of Fintech.