In the realm of international money transfers, ensuring the secure and swift delivery of funds to designated accounts is paramount. One crucial element in achieving this is the correct use of SWIFT/BIC codes. For ABSA BANK (MAURITIUS) LIMITED , located in Mauritius, the unique SWIFT code BARCMUMUCSU facilitates efficient cross-border transactions.
Bank Details and SWIFT Code
The full name of the institution is ABSA BANK (MAURITIUS) LIMITED , headquartered at ABSA HOUSE, 68, WALL STREET, EBENE CYBERCITY, PLAINES WILHEMS, 72201, Mauritius. When initiating a transfer to this bank, using the precise SWIFT/BIC code BARCMUMUCSU is essential to guarantee accurate routing of funds.
The Role of SWIFT in Global Banking
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, established in 1973, serves as the backbone for international financial transactions. Each financial institution receives a unique SWIFT code, enabling seamless global transfers when senders provide the recipient's correct code. In today's interconnected financial landscape, understanding SWIFT/BIC codes significantly enhances transactional efficiency.
As international financial activities continue to grow, ABSA BANK has expanded its global operations. The standardized use of SWIFT/BIC codes simplifies payments and transfers across different jurisdictions. Whether for corporate trade or personal remittances, accurate SWIFT codes minimize transaction risks and accelerate fund processing times.