WIRE — Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has become the first financial institution in the country to integrate with China's Cross-Border Interbank Payment System (CIPS), a move expected to simplify cross-border transactions, reduce foreign exchange risks and strengthen trade between Uganda and China. The new payment platform enables Ugandan businesses to make direct settlements … The post Stanbic Uganda launches direct Yuan payment system to boost trade with China appeared first on The Independent Uganda:.
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