The National Bank of Georgia published an update on The Bank of New York Mellon Corporation expanding its cooperation with Georgia’s banking sector through a new partnership with Basisbank JSC, which will broaden Basisbank’s global correspondent banking network. The partnership is intended to streamline international USD transfers and payments for Basisbank customers worldwide, strengthening international payment channels and improving transaction efficiency. The release notes that BNY Mellon is headquartered in New York and operates an extensive correspondent banking network, providing global financial services including asset management and custody across more than 100 markets.
National Bank of Georgia 2025-07-16
National Bank of Georgia reports Basisbank partnership with The Bank of New York Mellon Corporation to expand USD correspondent banking
The National Bank of Georgia announced a new partnership between The Bank of New York Mellon Corporation and Basisbank JSC, enhancing Basisbank's global correspondent banking network. This collaboration aims to streamline international USD transfers and payments, improving transaction efficiency for Basisbank customers.