EconomyCIPS expands coverage to 192 countries and regions

China’s Cross-border Interbank Payment System now serves 192 countries and regions, the People’s Bank of China says. By the end of June 2026, it had 210 direct and 1,619 indirect participants, with access through more than 5,200 banking institutions. China also plans longer high-value payment-system hours and broader fast-payment and cross-border QR-code interoperability.

cross-border paymentsCIPSPeople's Bank of China

CChina News Service★★★☆☆2026-08-28 08:23Original