Yuan’s share of global Swift payments rises to 3.33% in September

The move is a marginal one, and the signal lies less in the size of the gain than in the direction: yuan payment share has edged up on Swift even as the currency's broader internationalization remains a slow, incremental story. What matters for RWA and cross-border flows is whether this reflects genuine diversification in settlement demand or routine month-to-month noise. The open question is whether the share holds above the prior reading in coming months or slips back, which would suggest the uptick was temporary rather than structural.