CIB becomes first bank in Egypt to join Swift GPI initiative

CIB is the first bank in Egypt to join the Swift GPI initiative to facilitate traceable international payments, according to Al Mal. GPI Tracker and other GPI solutions are expected to be a key part of tech development in Egypt’s banking sector by allowing banks to track payments instantaneously and settle operations in the supply sector on the same day, said Executive VP of Operations Mohammed Faraj.