⚡️UniCredit 🇮🇹 Expands Swift GPI Capabilities for Retail Customers in Europe

Morgan Ellis

⚡️UniCredit 🇮🇹 Expands Swift GPI Capabilities for Retail Customers in Europe

The solution works on optimizing international payments across all UniCredit customer segments — from retail customers to small and medium-sized businesses and multinational corporations.

🔣 Banks have acquired the ability to track cross-border payments with full visibility of transactions and accurate information on the flow in real time.

🔣 Customers will also have full visibility through push notifications. The service offers preliminary verification of recipient data to prevent errors before payment is sent.

🔣 Fully automated conversion is available in over 100 currencies, facilitating payments at previously agreed wholesale spreads.

🔣 In the financial year 2023, 87% of UniCredit's payment revenues come from commissions; logically, this is the area where emphasis is now being placed. The recent rollout of a free service in Italy🇮🇹, Germany🇩🇪and Austria🇦🇹 is intended to expand the customer base.

#news #Europe

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