Foreign Exchange Transfers (Swift) and Swift GPI Service

Foreign Exchange Transfers (Swift)

SWIFT Network is an interbank global and secure communication and messaging network administrated by SWIFT, a cooperative formed by member banks. Via this network, member banks can communicate with each other in secure channels and send instructions to each other to make international payments and carry out various financial activities.

The banks sign correspondent banking agreements with the banks in different countries to benefit from the services offered by those banks in order to carry out the relevant brokerage transactions. Foreign exchange transfers are carried out through correspondent banks which are resident in the countries where the foreign currency type to be transferred is the local currency.

SWIFT GPI

Transfers made by our Bank via SWIFT can be tracked end-to-end with SWIFT GPI.

What is SWIFT GPI Service?

SWIFT GPI (Global Payments Innovation) is a services which ensures the fast delivery of the transfers to the recipient and tracking of all the details and deductions transparently.