The full article, published in Business Matters on 6 September 2022, can be found here.
Cross-border payments can be made in many different ways with the most prevalent currently being e-money wallets and mobile payments along with more traditional methods such as Bank transfers and credit card payments.
IBOS is an international banking alliance that provides connectivity services for key corporates looking to expand beyond their borders. With some of the biggest commercial banks from across the globe as its members, they offer effective and thorough cash management in regions where your local bank does not offer access.
Working with corporate banks across Europe and America, IBOS are open all hours. Whether you’re refocusing on your bank’s core domestic market and looking for a global partner to help with your international business, or you need support providing effective and thorough cash management across multiple regions, becoming an IBOS member benefits both your organisation and your corporate clients.
Benefits include:
Uniform, high-quality cross-border banking provided by all IBOS members:
- Unified client onboarding and service processes make partnerships between IBOS banks seamless.
- Dedicated multi-lingual teams in each bank can provide efficient support and assistance with local issues.
- Access to a wide network with clear processes, quality checks and escalation procedures in place to ensure issues can be resolved quickly and efficiently.
Access to an international network of banks and affiliates:
- Find the best partners internationally from a pool of nominated affiliates that other members work with.
- IBOS offers banks access to the best service at the best price, anywhere in the world.
- Greater opportunities for business deals through an expansive network in each country.
- Save on the costs of international agreements by utilising the network of local IBOS members.
