Post by Swift

At Swift, our priority is clear: make cross-border payments as fast and seamless as domestic ones. Swift payments currently exceed G20 speed targets, with 75% reaching destination banks within 10 minutes. And we’re not stopping there. Through the Swift Payment Scheme, we’re working with banks worldwide to drive a step change in cross-border payments , extending our enhanced cross border payments experience to retail markets worldwide. So where is our focus? ✅ Optimising the cross-border leg – with major progress already underway ✅ Tackling the “last mile” – where local rules and practices account for up to 80% of total processing time Together, through shared standards, commitments and collaboration, we’re building a payment ecosystem that works for everyone. 👉 Want to know more? https://lnkd.in/ef-2iA95 Thierry Chilosi #SwiftCommunity #CrossBorderPayments #SwiftPaymentScheme