SWIFT launches instant payments solution for Europe

Thursday 15 June 2017 11:08 CET | News

SWIFT has announced a new instant payments messaging solution for the European market.

Customers will be able to make instant payments over the SWIFT network while connecting with a single gateway to multiple systems. The new solution will be available by November 2018 and after its launch in Europe, it could support instant payments initiatives in other parts of the world.

SWIFT’s instant payments strategy builds on earlier initiative in Australia, where several banks have started using the company’s messaging infrastructure to support Australia’s payments platform, AU NPP.

The payments gateway can be used stand-alone, but it can also be integrated with SWIFT’s Alliance Messaging Hub (AMH), which enables the processing of financial message flows and integration with back office systems.

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Keywords: SWIFT, instant payments solution, Europe, Payments Gateway
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce