Oschadbank was the first bank in Ukraine to connect to SWIFT gpi — this shows how actively they’re developing themselves

How does the SWIFT system work?

An abbreviation SWIFT gpi means «Society for Worldwide Interbank Financial Telecommunications» and one of the most striking examples of the desire of the civilized world to active globalization and mutual integration of economies.

What is the advantage of SWIFT gpi?

The simplest explanation is that the new service allows you to significantly accelerate the receipt of funds. Customers of Oschadbank gained an advantage in speed and transparency. But most importantly, you can monitor the transaction online.

Why Oschadbank was the first gpi connected to SWIFT?

There are several reasons for this, but they all go into the essence and principles of the financial institution. Firstly, “Oschad” is a sphere-forming state Ukrainian bank with the largest network of offline banking centers, the second by assets, with a rich history, etc. This is a really powerful background, which all foreign partners pay attention to. A good example is cooperation between AliExpress and Ukrposhta. Due to the nature of China’ economy, the country prefers to work with state monopolies with history and prestige.

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CEO of the international payment system LEO, the shareholder of IBOX Bank

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