SWIFTRef, gpi set to increase RMB payment efficiencies

Paolo Danese

November 08, 2017 03:15 am

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A sign for the Society for Worldwide Interbank Financial Telecommunications ( SWIFT) is seen outside the company headquarters in Brussels, Tuesday Feb. 20, 2007. Few people had heard of SWIFT before news reports last June revealed that the U.S. government had secretly demanded access to records from the bank data transfer agency. (AP Photo/Geert Vanden Wijngaert) | GEERT VANDEN WIJNGAERT/AP/Press Association Images

Swift is looking to further streamline the RMB payment experience with the recent integration of China’s cross-border interbank payment system (CIPS) data with its information platform and the launch of the global payments innovation (gpi) initiative, Eddie Haddad, managing director for Swift in Asia Pacific, told GlobalRMB.

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SWIFTRef, gpi set to increase RMB payment efficiencies

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