CBUAE, CIPS Sign MoU to Enhance Cooperation in Cross-Border Payments Between UAE, China

CBUAE, CIPS sign MoU to enhance cooperation in cross-border payments between UAE, China

As part of the MoU, the two parties will collaborate on designing and developing initiatives that foster the more seamless, streamlined, and cost-effective use of their payment infrastructures for cross-border transactions

UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency - Fintech Hong Kong

The Central Bank of the UAE (CBUAE) and CIPS, the operator of China’s Cross Border Interbank Payment System, have signed a MoU to strengthen cooperation in payment infrastructure and improve the efficiency of cross border transactions between the UAE and China. Under the agreement, both parties will collaborate on initiatives aimed at supporting the use of their respective payment systems for transactions between the two countries. The partnersh…

UAE Central Bank and China’s CIPS Partner to Enhance Cross Border Payment Efficiency - Fintechnews Middle East

The Central Bank of the UAE (CBUAE) and CIPS, the operator of China’s Cross Border Interbank Payment System, have signed a MoU to strengthen cooperation in payment infrastructure and improve the efficiency of cross border transactions between the UAE and China. Under the agreement, both parties will collaborate on initiatives aimed at supporting the use of their respective payment systems for transactions between the two countries. The partnersh…

UOB inks agreement with China’s Cross-border Interbank Payment System

United Overseas Bank (UOB) and its wholly-owned subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS). The bank said in a statement on Wednesday that with direct access to CIPS, UOB will provide one-stop cross-border renminbi (RMB) clearing, settlement, and payment services to businesses and financial institutions both within and outside China. Through UOB’s services, cl…

UOB Becomes Direct Participant in China's Cross-Border Payment System - Fintech Singapore

UOB and its wholly owned subsidiary UOB China have signed agreements to become direct participants of China’s Cross-border Interbank Payment System (CIPS). This strengthens their ability to support cross-border renminbi (RMB) transactions. CIPS, authorised by the People’s Bank of China, facilitates RMB-denominated trade, investment, and other cross-border payments. As of May 2025, it connects 174 direct and 1,509 indirect participants globally. …