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IDFC FIRST Bank Pioneers Real-Time Tracking for International Transfers with Swift GP
The Business Guardian
|November 06, 2024
IDFC FIRST Bank has become the first Indian bank to offer a real-time tracking service, in association with Swift, for money sent abroad.
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This is available on the bank's award-winning Mobile Application and Internet Banking platforms. This marks a significant milestone in the Indian banking industry, demonstrating the Bank's commitment to delivering seamless and efficient banking solutions, reiterating its "Customer First" approach.
Customers in India are used to digital payments through UPI or IMPS with real-time status updates and traceability on digital platforms. However, the same has been missing when it comes to money sent abroad. With customers expecting end-to-end tracking of their food delivery or even a parcel, IDFC FIRST Bank has pioneered in providing the same for a critical service like cross-border payments.
This story is from the November 06, 2024 edition of The Business Guardian.
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