En/terms Of Payment

---

The Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency. In 2022, CIPS processed around 96.7 trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. In 2023, the CIPS processed 6.6133 million transactions, totaling RMB123.06 trillion($17.09 trillion), increasing by 50.29 percent and 27.27 percent y-o-y, respectively. On a daily basis, the system processed 25,900 transactions, totaling RMB482.602 billion($67.028 billion). As of December 2024, CIPS has 168 Direct Participants and 1461 Indirect Participants. Among Indirect Participants, 1072 participants are from Asia (including 560 from Chinese Mainland), 252 from Europe, 56 from Africa, 31 from North America, 19 from Oceania, and 31 from South America. CIPS participants are located in 119 countries and regions around the world. Business covers more than 4,800 banking institutions in 185 countries and regions around the world.

---

Article title : Cross-Border Interbank Payment System
"The Cross-border Interbank Payment System (CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border..."
Article title : Mobile payment
"Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under..."
Article title : Balance of payments
"international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between..."
Article title : Electronic invoicing
"to another, either for payment or to present and monitor transactional documents between trade partners to ensure the terms of their trading agreements..."
Article title : Mangopay
"management for clients to offer cross-border payments. In May 2024, Mangopay announced the launch of its payment processor-agnostic Fraud Prevention solution..."
Article title : World War I reparations
"Allied Powers. Each defeated power was required to make payments in either cash or kind. Because of the financial situation in Austria, Hungary, and Turkey..."
Article title : Wire transfer
"bill payment E-commerce payment system Money transmitter Payment card industry Payment gateway Payment system Payment Services Directive Payments as a..."
Article title : Tours Duo
"buildings and structures in the Paris region List of tallest buildings in France "Un nouveau siège en toutes lettres". Groupe BPCE. 24 March 2022. Les..."
Article title : StoneX Group Inc.
"commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES). As of 2023[update], the company..."
Article title : Key money
"Key money is one of several forms of payment made to a landlord. The term has various meanings in different parts of the world. It sometimes means money..."

---