Sibos 2019: Swift unveils 41 second European payment pilots

Swift unveiled its newest European payment pilot in Sibos, which took 41 seconds to travel from Singapore to Germany FinTech futureExclusive preview of the announcement.

Leveraging a combination of GPI and domestic real-time payment networks, Swift has partnered with GPI banks to deliver instant international payments that incur instant upfront fees and foreign exchange fees to avoid deferred invoices.

Swift: “Cross-border payments can …

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