New cross-border payment scheme launched by Standard Chartered

Wednesday 26 March 2014 14:28 CET | News

Standard Chartered, a multinational banking and financial services company, has rolled out a new payment guarantee scheme for transactions across Asian and African borders,according to

The bank’s agenda on the cross-border payment scheme is to provide same-day or next-day delivery of USD and EUR cross-border payments for transactions in Africa and Asia. The initiative is an addition to the 2012 Standard Chartered’s payment guarantee programme.

The payment scheme provides customers with control over their funds as well as payment guarantees. Moreover, Standard Chartered has launched an email notification service which delivers rapid notifications both to remitters and remittees on the closing of the transaction.

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Keywords: Standard Chartered, payment guarantee, online payment, cross-border commerce, same-day delivery, next-day delivery
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce