HSBC launches SWIFT gpi technology in Egypt

HSBC Egypt has joined SWIFT global payments innovation service (gpi), enabling greater digital tracking, speed, and certainty of cross-border payments to and from Egypt, the bank announced on Tuesday.

Noor Adhami, regional head of Global Liquidity & Cash Management at HSBC MENAT

SWIFT gpi technology enables financial institutions to provide greater transparency and end-to-end tracking of a transaction, with all involved parties receiving real-time confirmation when a payment is credited.