2023-06-17 12:42:46
“This solution revolutionizes the way customers transfer money around the world, allowing them to quickly make cross-border payments up to $ 10,000, while benefiting from great transparency”, reads in a statement from the bank.
And to explain that “the amount, deadlines, fees and exchange rate of international transfers operated via SWIFT GO, are defined in advance, thus offering the sender and the recipient total and real-time visibility. on the routing of their transfer. In addition, this solution guarantees an enhanced level of security, all at competitive rates”.
Al Barid Bank thus provides its customers with a new solution with an enhanced value proposition, allowing them to receive funds from different regions of the world.
SWIFT is a provider of standardized interbank transfer messaging services which acts as an intermediary facilitating the transport of messages containing payment instructions between the financial institutions involved in a transaction.
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