Recent reactions to US policymaking and tariffs have contributed to a decline in the dollar’s value, leading some to reexamine its role as the safe-haven currency.

China is accelerating renminbi internationalization via trade settlement, CIPS, and the digital yuan, but capital controls still limit the RMB’s global reserve role.

Former ICBC chairman Chen Siqing says alternatives needed due to risk of financial weaponisation in US dollar-centric world.

China is expanding the geographical coverage of its yuan-based international payment system, adding banks in Central Asia and other regions. The growing reach is likely to boost its annual business ...

The Central Bank of Iceland (CBI) and SIA, a European hi-tech company in payment services and infrastructures, have gone live with the new real-time gross settlement system (RTGS) and the new instant ...

Interbank payments ecosystem is extremely complex and involves a lot of moving parts that most of us (even those in payments), never encounter. By the end of this article you will better understand ...

The global financial system has traditionally been controlled by Western institutions and currencies, notably the US dollar.

SIX Interbank Clearing has successfully migrated 90 percent of clearing payments through its new interbank payment system under ISO 20022 messaging standards. The new Swiss Interbank Clearing (SIC) ...

In November, Standard Bank became the first African bank to integrate directly with China’s Cross-Border Interbank Payment ...

Twelve banks have been connected to the Interbank Mobile Payment System (IMPS), the National Payment Corporation of Kazakhstan reported.