Khan Bank becomes the first bank in Mongolia to use the SWIFT gpi for international payments

Economy
anudari@montsame.gov.mn
2020-03-06 15:24:07

Ulaanbaatar /MONTSAME/ SWIFT’s global payment innovation (SWIFT gpi), was first launched at the beginning of 2017 to become the new standard in global payments and has been adopted by around 4,000 financial institutions around the world, including 60 top global banking groups. 

Khan Bank has become a member of the SWIFT gpi community, on par with other global transaction banks, the first among Mongolia's commercial banks. This new platform  allows the bank to provide real-time tracking of cross-border payment details.  

The bank will be able to quickly deliver information for outgoing and incoming customer transfers, such as fund location, processing time, fees and deductions with full transparency. We are positive that this will strengthen trust between senders and receivers, while supporting their business relationships.

For inquiries about international remittances and payment details, please contact our Contact Center at 1800-1917. Customers may also receive payment details via their registered email address.

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