The National Bank of Bahrain (NBB) has signed with SWIFT, the world’s leading provider of secure financial messaging services, to introduce Swift-Go payment solutions to its customers.
The signing was held in the presence of NBB’s Corporate Institutional and Investment Banking (CIIB) team and representatives from Swift.
In line with its efforts to offer innovative payments and cash management solutions to its customers, the Bank will be introducing Swift-Go, an innovative cross-border payment service for low-value transactions. The new solution will enable faster, transparent and predictable low-value payments with the aim of providing an elevated customer experience to the bank’s end users.
Swift-Go is a key building block in the Swift strategy, offering instant and frictionless transactions. Swift’s messaging platform, products, and services connect more than 11,000 banking and security organizations, market infrastructures and corporate customers in over 200 countries and territories, enabling them to communicate securely and exchange standardized financial messages. Swift-Go allows customers to transfer their funds globally and has been adopted by over 250 banks across 70 countries around the world.
On the innovative cross-border payment service, NBB is committed to partnering with leading global organizations to offer the latest solutions that meet the needs of its customer base. With the evolving market landscape, customers will benefit from a range of Transaction Banking products and services for an exceptional user experience.
In July this year, NBB partnered with Cork Information Technology (CIT), a one-stop digital transformation solution provider, to introduce a supply chain finance solution for its corporate and Small and Medium Enterprises (SMEs) clients and their suppliers.
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