- ICICI Bank has tied up with Society for Worldwide Interbank Financial Telecommunications (SWIFT) to offer the facility, called ‘SWIFT gpi Instant’, for cross border inward payments.
- This facility helps overseas partner banks to send instant remittances on behalf of their customers to the beneficiary in India and the beneficiary will get the credit to the bank account instantly.
- The ‘SWIFT gpi Instant’ offers instant transfer of up to Rs 2 lakh personal remittance into the beneficiary account.
- With this ICICI Bank is the first lender in Asia-Pacific and the second globally to offer ‘SWIFT gpi Instant’ facility, for cross border inward payments.
Points to Remember:
- Which bank in India has tied with SWIFT to offer ‘SWIFT gpi Instant’ facility, for cross border inward payments? ICICI Bank
- ICICI Bank has tied with which company to offer for cross border inward payments? SWIFT