Sacombank optimizes international online payments: Fast – Transparent – Accurate
09/07/2025Seamless tracking and validation with SWIFT GPI and SWIFT Pre-validation
Embracing global financial trends, Sacombank is among the first banks in Vietnam to implement two cutting-edge technologies for international payments: SWIFT GPI (Global Payments Innovation) and SWIFT Pre-validation. SWIFT GPI, now a widely adopted global standard, supports over 1,200 connection routes and processes more than USD 300 billion in daily transactions. Its key advantages include real-time payment tracking and rapid processing, with nearly 100% of transactions completed within 24 hours. Meanwhile, SWIFT Pre-validation enables pre-transaction recipient verification, minimizing errors and reducing tracing risks - particularly valuable for businesses entering new markets.
Optimized experience for businesses
By fully adopting the latest SWIFT standards, Sacombank delivers a comprehensive and efficient international payment experience for corporate clients - especially SMEs, which play a pivotal role in economic development.
The full adoption of the latest SWIFT standards enables Sacombank to deliver a comprehensive and efficient international payment experience for businesses.
Through its digital platform, Sacombank offers a multi-channel ecosystem, supporting transactions via counters, online banking, API integration, and enterprise resource planning (ERP) system connectivity. Businesses can easily track transaction statuses, view the exact arrival time of funds, and see the fees and intermediary banks involved - capabilities once limited to global financial institutions.
Beyond speed and transparency, Sacombank continuously enhances its automated processing capabilities. The Bank’s Straight Through Processing (STP) rate exceeds 98%, surpassing regional benchmarks and earning recognition from international financial institutions such as Wells Fargo, J.P. Morgan, Citibank, Standard Chartered Bank, and The Bank of New York Mellon for its expertise and quality in international payment processing.
Commitment to sustainable business development
Sacombank offers a comprehensive suite of services, including account opening, money transfers, letters of credit (L/C), guarantees, foreign exchange trading, international payments, and trade finance and derivatives solutions. The Bank continuously upgrades its digital platforms with online disbursement, account opening, eKYC integration, multi-layer authentication, and innovative payment methods such as Tap to Phone and Sacombank QR Pay - enabling secure transactions, faster processing times, and optimized resource usage for businesses.
Looking ahead, Sacombank aims to accelerate the integration of artificial intelligence (AI) and deeper automation into its operations to further enhance efficiency. The Bank also plans to expand international partnerships and develop green financial products, aligning its business strategy with social responsibility - affirming its role as a comprehensive financial partner for Vietnam’s business community.