MultiPass becomes an official SWIFT member

September 14, 2021.

We are proud to announce that MultiPass (formerly DynaPay) has joined the SWIFT network, obtaining our own connected BIC DYPYGB3L.

MultiPass becomes an official SWIFT member

We are proud to announce that MultiPass (formerly DynaPay) has joined the SWIFT network, obtaining our own connected BIC DYPYGB3L.

MultiPass will utilise SWIFT connectivity to strengthen and enhance the cross-border transaction experience across our correspondent bank networks for MultiPass clients.

Our unique Bank Identifier Code (BIC) will be used to streamline international business transactions and equip customers with a single set of account details for collecting cross-border SWIFT payments across their MultiPass accounts. Customers will also be able to benefit from transactions in 30+ currencies and, as usual, access wholesale FX rates.

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“The connectivity with SWIFT lays the foundation for more efficient product development. Our clients may benefit from a more tailor-made service, adapted to their business needs. The modular approach to product-building gives MultiPass the flexibility to quickly amend the offering, adding on new features and expanding the list of payment providers to meet the needs of our global customer base. The new connectivity will allow us to integrate new channels faster and easier, opening our customers up to more payment geographies and markets to operate in and grow their business.”

- Konstantin Zaripov, Managing Director at MultiPass

MultiPass team is set on a task of partnering with 4 new financial institutions to provide comprehensive coverage of payment corridors, excluding sanctioned countries and banks, to our customers by the end of 2021.