Together, these Thai banks represent over 70% of cross-border payments flow for Thailand.
SWIFT gpi introduces a new set of business rules and further technical innovation to reduce the friction that exists in cross-border payments and to create more transparency in an effort to improve the supply chain for corporates.
The initiative transforms bank customers cross-border payments experience by bringing together same day payment, transparency of fees and real-time tracking. It is based on the existing SWIFT rails trusted by the industry for over 40 years.
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