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Market adoption of BPO is progressing slowly with 16 banks and 45 corporates live

Overall, Bank Payment Obligation usage is still growing, viz:

  • the number of BPO banks providing BPO has almost tripled, today 16 banks offer BPO services - including 6 of top trade banks:
  • 45 corporates are using BPO, ranging from very large companies, .e.g BP, OMRON to SMEs
  • first SMEs in Germany are using BPO via Commerzbank and UniCredit
  • live usage of BPO is spreading world-wide as recent BPO routes show:

Overall end October 2014 position:

  • Source & Copyright©2014 - SWIFT 

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