# A subsidiary of the Standard Bank Group, Standard Lesotho Bank, has become the first bank in Lesotho to launch China’s Cross-Border Interbank Payment System. The platform enables faster, more efficient cross-border payments in Chinese renminbi, reducing costs and settlement times for businesses trading with China. The bank says the move will strengthen trade links, improve access to international markets and support economic growth. The launch also aligns Lesotho with broader efforts to expand Africa’s financial connectivity with China’s payment infrastructure.
Standard Lesotho Bank launches Chinese payment system