PrivatBank simplifies international transfers
PrivatBank announced the introduction of innovations for its clients – international transfers will become simpler. This was reported by the bank's press service.
The bank has introduced a new SWIFT ISO 20022 format for international transfers, which will allow Ukrainians to carry out financial operations abroad faster and more conveniently. This will simplify the process of sending and receiving funds, reduce delays, and improve control at every stage of the transaction.
Maria Strashko, who heads the transfer department at PrivatBank, stated: 'The implementation of this international standard is another step in the development of the bank's payment system. We are constantly improving our services to ensure maximum convenience, speed, and quality of customer service.'
The main advantages for users include:
- Fast processing of transfers.
- Reduction of risks of return or blocking of transfers.
- Improved tracking of transfer status.
- Full transparency of all details and fees.
PrivatBank uses SWIFT gpi technology for online tracking of international transfers. According to the bank, over 40% of transactions are completed in less than 5 minutes, and most finish within a day.
Summary:
PrivatBank is implementing innovations in international transfers, allowing clients to conduct financial transactions abroad faster and more conveniently. This is part of the bank's strategy for continuous service improvement and ensuring maximum convenience for clients.