Serrari posted on 4 August 2026 an article titled "Stanbic Bank Kenya Launches RMB Payments Through CIPS" by Montel Kamau.
Stanbic Bank Kenya has introduced direct Renminbi payment processing through China's Cross-Border Interbank Payment System (CIPS). Businesses importing goods or services from China can now settle eligible transactions without routing every payment through longer conventional correspondent-banking chains.
Comment: This is one more indication of China's currency making inroads in the banking system of the Global South.
