(MENAFN) SWIFT proclaimed that Mashreq has inked for its global payments innovation service in order to become the first bank in the Mideast to join this global initiative.
Meanwhile, the first phase of SWIFT service focuses on business-to- business payments, supporting corporates enhance their global business.
Moreover, as part of SWIFT gpi, the gpi tracker allows banks to offer corporate treasurers with a real-time, end-to-end view on the status of their payments.
Recently, treasurers now have remittance information, like invoice references, are transferred unaltered to the beneficiary.
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