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.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright