TigSiPay Now Has Its Own SWIFT BIC Code

TigSiPay has been assigned a Bank Identifier Code (BIC) by SWIFT, marking an important step in our ability to facilitate faster and more efficient SEPA payments, with international transactions coming next. This integration reduces reliance on intermediaries and gives us greater control over payment processing and financial flows.

Our SWIFT BIC Code: TGSILV22

What Is a BIC, and Why Does It Matter?

A BIC (Bank Identifier Code) is a unique identifier that ensures precise and secure payment routing within the global financial system. Think of it as an international banking address—it allows financial institutions to recognize each other and direct transactions accurately to the correct recipient.

Having a BIC not only strengthens our connection to the global financial network but also significantly improves transaction speed. In the past, international transfers could take several days. Now, as a full-fledged SWIFT participant, TigSiPay can process payments faster, with greater precision and enhanced security.

Additionally, the SWIFT network employs advanced encryption and security protocols, reducing the risk of errors and safeguarding payment data at every stage.

What Does This Mean for Our Clients?

• Faster and more secure international transactions – Payments are processed directly, eliminating unnecessary delays and third-party involvement.
• Better compatibility with banks worldwide – Our payment infrastructure is aligned with international standards, making collaboration with financial institutions smoother.
• Fewer intermediaries, fewer complications – Funds go straight to their destination, avoiding multiple intermediary banks.

What's Next?

This is just the beginning. Obtaining a BIC code is a key milestone in building a modern, secure, and reliable payment system..

The next step is the introduction of IBAN accounts, providing our clients with even greater financial independence and control over their transactions. We are actively working to roll this out as soon as possible, ensuring more flexible and efficient solutions for our users..

TigSiPay is evolving every day, expanding its financial services to provide even more opportunities for its clients.

If you'd like to learn more about our services or explore partnership opportunities, feel free to reach out at info@tigsipay.com.