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ICBC deploys Swift P2P cross border payments service

August 17, 2009 - 6:59am | Banks and internet banks | News
ICBC deploys Swift P2P cross border payments service

As it became known Monday, Industrial and Commercial Bank of China (ICBC) signed for a new remittance service from Swift to support cross-border person-to-person payments.

The new system is designed to enable banks to clear and settle these payments in a more efficient and transparent way, using its global network and standards.
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ICBC | P2P cross border payments | remittance market | South Africa | SWIFT | US
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