China CIPS Annual Payment System Statistics 2024 (Latest Data & Historical Trends)
Annual CIPS statistics including transaction count, payment value in RMB and USD from 2015 to 2024. Shows the rapid growth of China's Cross-Border Interbank Payment System from 48,000 to 1.75 million transactions. Free API access.
Quick Answer
China's CIPS Annual Payment System Statistics data for 2024. Historical data available from 2015 to 2024, covering 10 years. Data source: Cross-Border Interbank Payment System (CIPS).
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What is CIPS? China's Cross-Border RMB Payment System
CIPS (Cross-Border Interbank Payment System) is China's dedicated infrastructure for RMB-denominated cross-border payments and clearing, operated under the oversight of the People's Bank of China. Launched in October 2015, it combines payment messaging and settlement in a single system โ unlike SWIFT, which is a pure messaging network requiring separate correspondent banking arrangements.
CIPS vs SWIFT: SWIFT processes over 40 million messages daily across 11,000+ financial institutions in 200+ countries and is the backbone of USD and EUR international payments. CIPS is smaller but growing, with 100+ direct participants and 1,300+ indirect participants across 110+ countries as of 2024. The key distinction is that CIPS settles directly in RMB, removing the need for USD as an intermediary currency.
Why this data matters: Daily CIPS transaction volume is one of the most direct real-time indicators of RMB internationalization. Growth in daily transaction counts and settlement values reflects increasing use of the yuan for international trade invoicing, oil purchases, and bilateral settlements โ particularly among countries in Russia, the Middle East, Southeast Asia, and Africa that are reducing reliance on the dollar-based correspondent banking system.
Data published daily by CIPS (cips.com.cn). This page aggregates official figures and provides free API and CSV access. See also: CIPS Monthly Data ยท CIPS Annual Statistics
What is China CIPS Annual Payment System Statistics in 2024?
China's China CIPS Annual Payment System Statistics in 2024 was N/A transactions (10K), value (trillion RMB), value (billion USD). This dataset includes 10 data points from 2015 to 2024. Data source: Cross-Border Interbank Payment System (CIPS).
Historical China CIPS Annual Payment System Statistics Data (2015โ2024)
The complete China CIPS Annual Payment System Statistics dataset spans from 2015 to 2024 with 10 data points. Data is sourced from Cross-Border Interbank Payment System (CIPS) and updated yearly. Free CSV download and API access available below.
China CIPS Annual Payment System Statistics
๐ Data Table
10 data points| Year | Transactions 10k | Value trillion rmb | Value billion usd |
|---|---|---|---|
| 2015 | 0.48 | 2.36 | 0.08 |
| 2016 | 4.36 | 18 | 0.66 |
| 2017 | 14.55 | 125.9 | 2.15 |
| 2018 | 26.45 | 144.2 | 4 |
| 2019 | 33.93 | 188.4 | 4.92 |
| 2020 | 45.27 | 220.49 | 6.56 |
| 2021 | 79.6 | 334.9 | 12.68 |
| 2022 | 96.7 | 440.04 | 14.03 |
| 2023 | 123.06 | 661.33 | 17.09 |
| 2024 | 175.49 | 821.69 | 24.47 |
๐ Key Insights
โน๏ธ About This Dataset
Annual CIPS statistics including transaction count, payment value in RMB and USD from 2015 to 2024. Shows the rapid growth of China's Cross-Border Interbank Payment System from 48,000 to 1.75 million transactions. Free API access.
Category: economy
Data Source: Cross-Border Interbank Payment System (CIPS)
Update Frequency: yearly
API Access: REST API endpoint
๐ How to Cite This Data
Citation Format:
China Data Portal (2026). China CIPS Annual Payment System Statistics. Retrieved from https://chinadata.live/data/china-cips-payment-system-annual/
Primary Source:
Cross-Border Interbank Payment System (CIPS)
Last Updated:
2026-04-29T03:28:21.781Z
API Access:
GET https://chinadata.live/api/v2/data/china-cips-payment-system-annual ๐ง How to Use This Data
API Access
curl https://chinadata.live/api/v2/data/china-cips-payment-system-annual Download Data
Access the raw JSON data via our API for integration into your applications.
Citation
When using this data, please cite: China Data Portal (2026). China CIPS Annual Payment System Statistics. Retrieved from https://chinadata.live/data/china-cips-payment-system-annual/
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Share on X๐ Key Facts
- โข Dataset: China CIPS Annual Payment System Statistics
- โข Data Range: 2015 to 2024 (10 data points)
- โข Category: economy
- โข Source: Cross-Border Interbank Payment System (CIPS)
- โข API:
chinadata.live/api/v2/data/china-cips-payment-system-annual
โ Frequently Asked Questions
What is China's China CIPS Annual Payment System Statistics in 2024?
China's China CIPS Annual Payment System Statistics data for 2024 is available with 10 data points covering 2015 to 2024.
How does China's China CIPS Annual Payment System Statistics compare globally?
China is one of the world's leading economies. Our dataset provides comprehensive China CIPS Annual Payment System Statistics data from 2015 to 2024, sourced from Cross-Border Interbank Payment System (CIPS).
Where can I download China CIPS Annual Payment System Statistics data?
You can download China CIPS Annual Payment System Statistics data from China Data Portal via our free API at https://chinadata.live/api/v2/data/china-cips-payment-system-annual. Data is available in JSON and CSV formats.
What is the data range for China CIPS Annual Payment System Statistics?
The China CIPS Annual Payment System Statistics dataset covers 2015 to 2024, with 10 data points. Data source: Cross-Border Interbank Payment System (CIPS).
Dataset Info
- Category
- economy
- Unit
- transactions (10K), value (trillion RMB), value (billion USD)
- Source
- Cross-Border Interbank Payment System (CIPS)
- Time Range
- 2015 - 2024
- Data Points
- 10