Categories CIPS system Home Is CIPS only for sending payments to China? Post author By Nomundari A Post date September 9, 2025 No. Membership in CIPS spans over 120 countries and regions, with more than 1,700 banks connected globally as of 2025. This means you can use CIPS for international yuan payments to many destinations beyond China. ← Will CIPS replace SWIFT? → What is the difference between a Direct Participant and an Indirect Participant?