Seychelles switches to new funds transfer system

seychelles-cb

The Seychelles is adopting a new practice for processing electronic funds domestically that will see a reduction in the use of the Swift communication system, according to Mike Tirant, acting head of the banking services division at the central bank.

The new electronic funds transfer system, expected to be live in six months, aims to deliver same-day settlement for payments made by customers across all the country's banks. It will enable customers to access a generic payment platform online, and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: