[Promoted] Standard Bank uses digitisation to simplify international payments in South Africa
An ITT can be defined as the electronic transfer of funds from an overseas sender. ITTs are received for several reasons, for example businesses receiving payments for goods exported, or individuals receiving monetary gifts from family or friends.
Incoming foreign currency payments are converted into local currency at the exchange rate at the time of processing the transaction.“Our client and service teams continuously work at transforming client experience hence the focus on digitisation of our solutions.”
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