Military Bank joins SWIFT - Global Payments Innovation Initiative
The Military Commercial Joint Stock Bank (MB) recently launched the SWIFT – Global Payments Innovation Initiative (GPI) project.
Delegates take photo at the launching ceremony (Source: VNA)Hanoi (VNA) – The Military Commercial Joint Stock Bank (MB) recently launched the SWIFT – Global Payments Innovation Initiative (GPI) project.
SWIFT – GPI, which went live in January 2017, brings together banks worldwide which want to offer an enhanced cross-border payments experience, build their corporate client base and save payment enquiry costs.
More than 165 banks have joined the service, with the capability of channeling payments into more than 200 countries, representing 78 percent of SWIFT’s total cross-border payments in volume.
Speaking at the launching ceremony on September 17, Le Xuan Vu, Member of Board of Directors of the MB, appreciated the GPI Initiative , saying it will help the bank create an outstanding payment system that meets customers’ requirements.
Carlos Ugalde from SWIFT – a top global provider of secure financial messaging services – introduced participants to the outcomes of GPI implementation of banks across the world and the benefits the initiative offers banks and customers.
He affirmed he would help MB define the scale of carrying out the project and build a plan to ensure the GPI goes live in the first half of 2019.-VNA
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