Deputy Chief Operating Officer, Frank van der Poll, said SWIFT GPI is the new standard in global payments and is based on existing messaging standards and bank payment processing systems, making it quick and cost-effective to adapt to the new norm.
“For BSP, adapting to this new standard of global payments allows the bank to send and receive funds quickly and securely to anyone, anywhere in the world, with full transparency over where a payment is at any given moment,” said van der Poll.
He said the tracking of international payments and telegraphic transfers can now be tracked conveniently through online tracking, instead of through corresponding banks, which would take longer.
“SWIFT GPI dramatically improves cross-border payments across the correspondent banking network, and especially for corporates of which speed, certainty and a smooth international payments experience is an absolute must, and BSP is pleased to be onboard.”
Van der Poll thanked the BSP International Operations Team under the leadership of Merolyn Samson, the BSP Project Management Office and the BSP IT team who have worked relentlessly together over the last couple of weeks to make it happen.
He said BSP will continue to look at ways of enhancing its products and services to ensure it gives its customers smooth, convenient and safe experience.
(Deputy Chief Operating Officer, Frank van der Poll)