Ledgers bring transparency to bank payments

Distributed ledgers allow banks to track international payments like a package

On the button: clients can track global wire payments and receive real-time status notifications

Integrated software platform Wayerz has announced the launch of a tool that allows financial institutions and their clients to track international wire payments and receive real-time status notifications.

The Global Payment Network (GPN) integrates directly with banks' payment programmes and is based on a distributed ledger system, which allows secure data access.

"The lack of transparency in bank-based payments makes both banks and their customers consider alternatives," says Wayerz chief

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