Swift and Its Community Innovate to Bring Ease of Domestic Consumer Payments to Cross-Border Transaction Experience
Swift
"Industry initiative aims to extend the front-end experience of domestic payments systems like Bizum in Spain, PayID from AP+ in Australia, and Pix in Brazil across borders Consumers will be able to send money to friends’ and family members’ accounts internationally using pay-by-alias identifiers like mobile phone numbers and email addresses The work builds on Swift’s consumer payments framework, which is elevating the standard for retail cross-border payments around the world."
