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Bank of Kigali Joins China’s Cross-Border Interbank Payment System to Expand...

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Bank of Kigali Joins China’s Cross-Border Interbank Payment System to Expand...

Bank of Kigali has become the first bank headquartered in East and Central Africa to join China’s Cross-Border Interbank Payment System (CIPS) as a direct participant, giving Rwandan businesses a more direct route for yuan payments to and from China.The agreement was signed on Sept. 8 in Xiamen, China, during...