Renminbi's share of payments rises slightly in September

Swift finds 57 countries have crossed the 10% threshold for direct payments in the renminbi

Magnificent seven: Spain, Bolivia, Colombia, Mozambique, Namibia, Kuwait and Georgia

A total of 57 countries – seven more than in October 2014 – are using the Chinese renminbi for more than 10% of their direct payments by value with China and Hong Kong, said payments infrastructure company Swift in its latest data release.

Among the 101 countries currently using the redback for payments, the weight of the 57 who crossed the 10% milestone by value reached 12.9% last month; an increase of nearly 2% since October 2014.

The 10% threshold is set by Swift to measure the adoption of

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