Correspondent Banking: International Payments’ Future or Past?

by PaymentsJournal 0

The particular customer needs of speed, transparency and value for money when making international payments requires a particular solution. Correspondent banking, being a broad array of services through which one bank sub-contracts or sources from another, functions well. However the payments component of it, though strong for high value transactions, is less suitable for low value international payments. – By Earthport

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