Stanbic RMB service set to ease Sino-TZ trade: Officials

Tanzania's Stanbic Bank Launches Direct Yuan Settlement for China Trade

Tanzania · FINANCE Key Facts —Launch date: Stanbic Bank Tanzania launched the direct RMB settlement service in Dar es Salaam on Wednesday, Aug. 12, 2026. —Who can use it: Corporate, commercial, small and medium enterprise, and retail clients can pay Chinese suppliers and receive payments from Chinese buyers directly in renminbi. —Regulatory basis: The service […] The post Tanzania’s Stanbic Bank Launches Direct Yuan Settlement for China Trade ap…

Stanbic RMB service set to ease Sino-TZ trade: Officials

Stanbic Bank Tanzania’s launch of a direct Renminbi (RMB) settlement service could lower payment barriers for businesses trading with China and support Tanzania’s ambitions to expand exports...

Stanbic IBTC Bank Improves Transaction Banking Capabilities With Software

By Aduragbemi Omiyale The transaction banking capabilities of Stanbic IBTC Bank have been improved with the upgrade of its software to FinnAxia® 9.0. This was made possible through the collaboration between the financial institution and Nucleus Software, a leading provider of lending and transaction banking solutions. The milestone reflects more than a decade of collaboration […]