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