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