Cross-Border Interbank Payment System (CIPS)
China · Finance & Payments, Telecom
LeaveRussia detail: Continue Operations
The Cross-Border Interbank Payment System is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi payments and trade. Backed by the People's Bank of China, China launched the CIPS in 2015 to internationalize RMB use.
Decision trail
Decision date 26/05/2023 · Reference ↗
About 30 Russian banks have already connected to the national Chinese bank transfer system CIPS (Cross-Border Interbank Payment System), which allows you to make payments in yuan.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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