Post by Swift

What progress have we collectively made through the Swift payment scheme so far?   As Nasir Ahmed highlights, momentum is building: - As of today, 34 banks globally have committed to go live with the Swift payments scheme by the end of June, with over 70 committed to go live by the end of this year - Initial coverage across 11 receiving countries and 30+ market corridors - 5 of the top 10 global remittance markets included, and with go-live taking place in June, these corridors open for real-world payments.   That means greater transparency, predictability and enhanced traceability.   And that’s just half the story.   As Avalon Ingram explains, customer expectations are changing, with cross‑border payments increasingly expected to be 24/7 and real‑time. This shift calls for greater coordination across the system.   This is where the Swift ledger comes in – introducing a shared orchestration layer for interbank cross-border payments at scale, developed with over 40 institutions globally.   See how our scheme and ledger initiatives are progressing and delivering real-world impact: https://lnkd.in/e37WcEvP   #CrossBorderPayments #SwiftBlockchainLedger #SwiftScheme

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