- Through this partnership, DBS Bank will offer the latest data by online tracking for cross-border payments.
- DBS Bank has thus launched real-time online tracking for cross-border collections for businesses in India and by doing so it has become the first bank in India and Asia-Pacific to offer this service to its clients.
- The partnership will prove beneficial to 4000 corporates and small businesses in India.
- Due to this, the visibility in cross-border payments can be tracked by the corporate units.
- They will be able to manage working capital, track incoming payments and overall cash position.
- The partnership will provide accuracy for intraday credit line needs, transparency, and visibility to corporate treasuries.
- The corporates can avail of this service through ‘DBS IDEAL-DBS’ which is the online corporate banking portal.
- Static Part:
- HQ of DBS Bank India: Mumbai
- HQ of SWIFT: La Hulpe, Belgium
Question:
Q.1 Which bank partnered with SWIFT (Society for Worldwide Interbank Financial Telecommunications) to offer the latest data by online tracking for cross-border payments?
a. DBS Bank
b. ICICI Bank
c. Axis Bank
d. HDFC Bank
a. DBS Bank
b. ICICI Bank
c. Axis Bank
d. HDFC Bank
