In the past month, the international situation has been changing, causing violent fluctuations in global assets, and global asset prices have generally fallen.
However, against this background, RMB cross-border payment presents a completely different picture, and its popularity has increased significantly.
In March 2026, the RMB Cross-border Payment System (CIPS) delivered an impressive report card.
The average daily trading volume exceeded 920 billion yuan, successfully setting a new high in the past year; the average daily number of transactions exceeded 35,000, a significant increase compared with the previous month.
Behind this data, it reflects the increasing influence of RMB in the field of international payments.
As an important financial infrastructure that provides fund clearing and settlement services for cross-border RMB business of domestic and foreign participants, CIPS fully complies with international standards.
In recent years, with the steady advancement of the internationalization of the RMB, the international status of the RMB has been significantly improved, and the business of CIPS has also expanded simultaneously.
As of now, CIPS has 194 direct participants and 1,597 indirect participants. Its huge network coverage provides a solid guarantee for RMB cross-border payments.
The increasing popularity of RMB cross-border payments is closely related to the current international situation.
Amid global asset fluctuations, the RMB has demonstrated relative stability and risk resistance, attracting more international investors and companies to choose to use the RMB for cross-border transactions.
This not only helps reduce transaction costs, but also improves transaction efficiency and enhances market confidence.
In the long run, the development of RMB cross-border payments is of great significance to promoting the process of RMB internationalization.
With the continuous expansion of CIPS business, the status of RMB in the international monetary system will be further consolidated.
At the same time, this will also provide more convenient conditions for China’s foreign trade and investment and promote the deep integration of China’s economy with the world economy.
However, we should also be clearly aware that the development of RMB cross-border payments still faces some challenges.
For example, uncertainty in the international financial market and changes in regulatory policies may have an impact on RMB cross-border payment business.
Therefore, we need to continuously strengthen risk management and improve relevant systems and mechanisms to ensure the stable development of RMB cross-border payment business.
In short, the average daily transaction volume of CIPS in March 2026 hit a new high in nearly a year, which is an important milestone in the development of RMB cross-border payments.
In the future development, we have reason to believe that RMB cross-border payments will continue to maintain a good development momentum and inject new impetus into the internationalization process of the Chinese economy.
