ICICI Bank deploys SWIFT gpi service

MM

Melisande Mual

10 Apr 2018 / 5 Min Read

The bank is the first in the country to deploy the SWIFT payments service, which facilitates real-time tracking of payments and payments instructions across correspondent banks.

Plans are also on to upgrade the service by adding new functionalities such as the ability to stop and recall payment at any point in the payment chain in the event of a fraud.

In recent news, ICICI Bank launched a social media-based money transfer service called Social Pay.

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MM

Melisande Mual

10 Apr 2018 / 5 Min Read

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