Tag: cips

March 26, 2016 BY Maria Nikolova

SWIFT, China International Payment Service Corp sign memorandum of understanding

SWIFT announced on Friday that it has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU details plans for strategic co-operation to develop China’s Cross-border Interbank Payment System (CIPS) leveraging SWIFT as a channel to connect CIPS with SWIFT’s global user community. SWIFT Chief Executive of Asia Pacific…

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