The Standard Lesotho Bank’s Cross Border Interbank Payment System has taken a major leap to become Lesotho’s pioneering capability that facilitates direct Renminbi (RMB) transactions between Africa and China.
The system enables participating financial institutions to process RMB payments more efficiently, securely and transparently.
The Standard Lesotho Bank facilitates direct transactions between Africa and China.
This launch comes at a time when trade between Africa and China continues to expand,
creating increased demand for efficient and dependable cross-border payment solutions.
–SABC–
