Dossier
Cross-Border Interbank Payment System
Coverage of Cross-Border Interbank Payment System in the Nexus archive.
- China’s CIPS will become settlement norm in Mongolia within 2 years, Golomt Bank says
China’s CIPS is becoming the settlement norm in Mongolia within two years, as Golomt Bank, the country’s second-largest lender, connects to the system. The shift is driven by increasing trade with China settled in yuan.