BANK OF AFRICA LAUNCHES THE SWIFT GPI SERVICE FOR CROSS-BORDER PAYMENTS – OPERATIONAL SINCE THE END OF 2019 13 February 2020

In a world where everything is connected, banks are moving quickly to keep pace with the digital transformation and offer a fast and fully traceable cross-border payment experience.

The BANK OF AFRICA Group is thus previewing the SWIFT GPI (Global Payment Innovation) service, a new standard for cross-border payments to enable its corporate customers to manage and monitor their international payments more efficiently.

Thanks to SWIFT GPI, the bank offers its customers the best experience in monitoring and managing their cross-border payments, in terms of increased speed of payment for international goods and services, shorter procurement cycles and reduced exposure to foreign exchange risks, real-time payment monitoring, end-to-end payment information transfer, optimised cash and liquidity management, etc.

Committed to digital transformation, BANK OF AFRICA is continually committed to offering a quality service backed by digital technology, through the diversification of its national and international services to get closer to its corporate clients and respond effectively and quickly to all their needs.