BEIJING?— RMB cross-border payments maintained rapid growth in the third quarter of 2019, data from the central bank showed.

In Q3, a total of 512,500 transactions were processed via the RMB cross-border payment system, increasing 34.41 percent from the same period last year, said the People's Bank of China in a report.

The value of these transactions surged 34.48 percent year-on-year to 9.43 trillion yuan (about $1.34 trillion).