Standard Bank Becomes Africa’s Gateway to China’s Yuan Payments

South Africa · Banking Key Facts —First mover: Standard Bank is the first African bank to offer access to China’s Cross-Border Interbank Payment System (CIPS), live since 20 November 2025. —Volume: It had cleared more than RMB 8 billion (about US$1.1 billion) through CIPS by July 2026. —Clearing bank: In June 2026, China approved Standard…