You can only send a tested telex to a bank if you're another bank. Prior to two banks initiating this means of authentication of telex messages, they exchange "test keys." Tested telex is a relatively insecure means of communication, so few banks use it anymore. The preferred means of authentication nowadays is SWIFT, though some banks use digital signatures.
I want to know which bank in Africa that useses key tested telex
Key Tested Telex
Yes, Kenya does utilize key tested telex systems, primarily for secure communication. This method ensures that messages sent via telex are verified for authenticity and integrity, which is crucial for sensitive communications in various sectors, including government and business. However, the use of telex has diminished with the advent of modern digital communication technologies.
Key Tested Telex ... an ancient way to make a transfer of funds
Which financial institution in Singapore are still operating the Key Tested Telex system to transfer funds from the overseas
MT103/23 is still TT (Tested Telex) but with condition to release money to your account, let say your buyer made MT103/23 and state that upon the presentation of POP or Invoice or BL, and that's it. It's not scam but you need to know what is that and what you have to deal with
If you're a bank Citibank has agreed to exchange authenticator keys with, yes. The fact you're asking strongly implies you aren't.
Sir John Robinson invented telex
Telex Communications was created in 1936.
Planet Telex was created in 1995-02.
telex code of Barclay dubai
Key Tested Telex ... an ancient way to make a transfer of funds