{"id":568791,"date":"2025-06-23T05:59:20","date_gmt":"2025-06-23T04:59:20","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=568791"},"modified":"2025-06-23T05:59:20","modified_gmt":"2025-06-23T04:59:20","slug":"fab-joins-chinas-cips-to-boost-rmb-cross-border-payments","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/fab-joins-chinas-cips-to-boost-rmb-cross-border-payments\/","title":{"rendered":"FAB joins China\u2019s CIPS to boost RMB cross-border payments"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-568792 size-full\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/06\/first_abu_dhabi_bank_logo.jpg\" alt=\"First Abu Dhabi Bank(FAB)\" width=\"200\" height=\"200\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/06\/first_abu_dhabi_bank_logo.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/06\/first_abu_dhabi_bank_logo-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2025\/06\/first_abu_dhabi_bank_logo-100x100.jpg 100w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p><a href=\"https:\/\/www.bankfab.com\/en-ae\/personal\">First Abu Dhabi Bank<\/a> (FAB) has joined the <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/wise-lunar-team-up-for-cross-border-payments-in-nordics\/\">Cross-border<\/a> Interbank Payment System (CIPS) as a Direct Participant (DP). CIPS is China\u2019s official cross-border Renminbi (RMB) payment system.<\/p>\n<p>This position enables FAB to provide real-time RMB payment services with greater speed, security, and operational efficiency. The development strengthens FAB\u2019s role in advancing regional and global financial connectivity, particularly across the high-growth China-UAE and wider GCC trade corridors.<\/p>\n<p>FAB\u2019s integration with CIPS enables RMB clearing and settlement capabilities, supported by a robust digital infrastructure that meets the demands of modern global commerce. The move builds on FAB\u2019s presence in Asia.<\/p>\n<p>The positioning allows FAB to support clients with localised banking services in China, while offering end-to-end RMB solutions across its global network, bridging markets and supporting bilateral trade flows in one of the world\u2019s most dynamic financial corridors.<\/p>\n<p>FAB\u2019s participation in CIPS underscores its long-term commitment to building the infrastructure, platforms, and partnerships that drive global financial integration. As demand for RMB-denominated trade and investment grows, FAB is actively investing in scalable technologies and strategic linkages to ensure clients can confidently navigate evolving markets.<\/p>\n<p><strong>Hana Al Rostamani, Group Chief Executive Officer at FAB, said:<\/strong>\u00a0&#8220;With a fully licensed branch in Mainland China, FAB holds a unique position among UAE banks, enabling it to lead on the integration of the Renminbi into our existing global banking service offering. Our direct participation in CIPS significantly enhances our ability to provide faster, more secure and efficient RMB payment solutions and deliver real-time settlement capabilities. This development reinforces our leadership in regional cash management and clearing. It also strengthens FAB\u2019s role as a trusted financial infrastructure partner for clients transacting between China, the UAE and the broader MENA region. As cross-border transactions accelerate, we remain committed to delivering the infrastructure and innovation that enable financial connectivity at pace.&#8221;<\/p>\n","protected":false},"author":35851,"featured_media":568792,"parent":0,"template":"","categories":[11395,11368,11376,42764,11379,35279],"tags":[12663,11405,11668,11649,11438,11515,11418,12428],"class_list":["post-568791","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","category-core-banking","category-digital-banking","category-digital-payments","category-lending","category-loans","tag-ai","tag-china","tag-cross-border-payments","tag-digital-banking","tag-digital-payments","tag-fintech","tag-instant-payments","tag-uae"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAB joins China\u2019s CIPS to boost RMB cross-border payments<\/title>\n<meta name=\"description\" content=\"First Abu Dhabi Bank (FAB) has joined the Cross-border Interbank Payment System (CIPS) as a Direct Participant (DP).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/fab-joins-chinas-cips-to-boost-rmb-cross-border-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAB joins China\u2019s CIPS to boost RMB cross-border payments\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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