Standard Chartered introduces feature to track cross-border payments

The bank is the first to bring out a platform that allows the public to track and trace payments.

In Brief:

• SC GPI Track is a publicly accessible portal.

• The process has been likened to tracking the deliver of parcels.

• Users can know the status of any payment the bank has processed in real time by entering a SWIFT code.

What does this mean?

The tracking service is one of a series of initiatives by SWIFT to improve customer banking experience when it comes to cross-border transactions.

Read more here.