MEO provides active support with bank account openings and our team has good experiences with Mashreq Bank. Therefore, we are happy to hear that Mashreq Bank has signed up for SWIFT global payments innovation (gpi) service, to become the first bank in the Middle East to join this international initiative. SWIFT gpi improves the customer experience in cross-border payments by increasing the speed, transparency and end-to-end tracking of transactions.
Now live, the first phase of SWIFT gpi focuses on business-to-business payments, helping corporates grow their international business, improve supplier relationships and achieve greater treasury efficiencies. “With our customers in the region operating across multiple trade corridors, we look forward to working with SWIFT to deliver a faster, more transparent and more traceable cross-border payments offering,” said Sandeep Chouhan, Group Head of Operations and Technology at Mashreq Bank.