1. Compared with ordinary cross-border remittance, the GPI of BOC has four characteristics:
(1) Quick collection. GPI remittance takes priority from the remitting bank to the final receiving bank, and most of them arrive on the same day, that is, within 24 hours of the local time of the receiving bank.
(2) Full tracking. The system will track the processing process of GPI remittance all the time, and notify the remitter by SMS or email as soon as the remittance is completed.
(3) cost transparency. Although the speed and service of GPI remittance have been greatly improved, the domestic remittance fees paid by customers have remained unchanged. In addition, the remitter will know the recorded remittance amount and overseas bank charges in time.
(4) The information is complete. The system will completely transmit the remittance information provided by the sender, including the postscript, to the payee. This value-added service is especially suitable for enterprises engaged in international trade.
2. Bank of China recently launched BOC-GPI, an international remittance product. It is understood that the full name of GPI in Chinese is "Global Payment Innovation Platform", which is a payment innovation project jointly launched by SWIFT and major banks around the world.
3. As a Chinese bank with the highest degree of internationalization, Bank of China is the first bank in China to join the GPI project, and on this basis, BOC-GPI product is launched, which is equivalent to an upgraded version of ordinary cross-border remittance, with faster arrival speed, transparent fees, complete remittance information transmission, traceable status and free notice of arrival.
Extended data:
As of August 20 17 and 18, the Bank of China GPI of China Bank has been able to handle cross-border remittances from more than 20 overseas banks, including Bank of America, Citibank, Royal Bank of Canada, Italian Union Bank of Sao Paulo, ANZ Bank, Yuxin Bank and overseas branches of China Banking Group.
It covers 12 currencies, including US dollar, Euro, Canadian dollar, Australian dollar, British pound, Singapore dollar, Hong Kong dollar, RMB, Danish kroner, Japanese yen, Korean won and New Zealand dollar, and will continue to increase as banks continue to join the GPI platform.
People's Network-China Bank Cross-border Remittance? It will arrive in a few minutes at the earliest.