Why banks wait on BPOs

The progress of Bank Payment Obligations was the hot issue at this year’s Sibos, but its slow progress is causing consternation.

By Clipper

Nov 2, 2012

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"I've got a message for the four banks up there [in the panel]. We can only be successful, if we make the BPO truly open. If you find an exporter that's willing to do a BPO [Bank Payment Obligations], do the industry a favour and get another bank to do the import link."

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