Article Author: Diamond Trust Bank SWIFT gpi goes live
Media Source: Daily News (Tanzania)
Date: 18 April 2019
Diamond Trust Bank (DTB), present in Burundi, Kenya, Tanzania and Uganda, is the first East African bank to go live on SWIFT’s global payments innovation (gpi) service. This is a rapid cross-border payments service that includes real-time payments tracking and transparency on transaction fees and foreign exchange rates. The
Diamond Trust Bank (DTB), present in Burundi, Kenya, Tanzania and Uganda, is the first East African bank to go live on SWIFT’s global payments innovation (gpi) service. This is a rapid cross-border payments service that includes real-time payments tracking and transparency on transaction fees and foreign exchange rates. The service also enables clients to track the status of their payments from end-to-end and provides an unprecedented level of visibility into each payment. Suraj Shah, Head of Centralised Operations at DTB, said: "As the first East African bank to go live on gpi, we are now offering our corporate customers faster, more transparent and traceable crossborder payments."