Daily Archives: 22/10/2018

SWIFT Successfully Tests Instant Cross-Border Payments

Site Default/ October 22, 2018/ PYMNTS reports/ 0 comments

By PYMNTSPosted on October 22, 2018 SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. In a press release, SWIFT said the trial showed that by enabling gpi in real-time domestic systems, payments can happen near instantly, even when they involve domestic settlement and non-gpi banks.  “These results demonstrate

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