Tag Archive for 'SWIFT'

Payments messaging booms in Africa

Payments and securities transactions are growing faster in Africa than in the rest of the world, according to financial messaging institution SWIFT. Traffic volumes of payments information in sub-Saharan Africa grew by 13.2% year to date.

Rise of RMB – China’s yuan becomes world’s second choice for trade

China’s yuan currency, also known as Renminbi (RMB) became the second-most used currency in trade finance in October, according to a story on Reuters.