Seychelles Credit Union
Seychelles Electronic Funds Transfer
In the aftermath of the COVID-19, Seychelles Credit Union (SCU) will be much different than it was pre-pandemic. A look into the future provides a good foundation for what needs to be done today.
Prior to COVID-19, it was clear that SCU needed to digitalise, was aware of what needed to be done and how to proceed. There was just not the urgency to take action since SCU was being prosperous at the time.
Nonetheless, SCU is now able to offer a quick solution to interbank transactions (that is, transactions between banks and SCU) called SEFT which is short for Seychelles Electronic Funds Transfer. SEFT is an electronic “domestic” funds transfer system setup between all banks, Seychelles Credit Union and the Central Bank of Seychelles. This platform facilitates domestic rupee money transfers for FREE through a secure online communication channel in a safe and efficient manner, minimizing the need for physical exchange of cash and manual processing.
Click here to view and download the Customer registration Form
(and submit to firstname.lastname@example.org or hand deliver the completed form at any of the SCU Branches).
Link to website: https://seychelleseft.sc