"SWIFT just announced the biggest overhaul to its retail payments infrastructure in years. It’s a new framework called “Global Payments for Consumer Payments” that brings together over 50 banks across over 25 corridors, with the first wave going live by mid-2026. The framework covers five of the world’s ten largest remittance markets, and it promises near-instant settlement, predictable fees, and full transparency on every transaction.The framework promises upfront fee certainty, full-value delivery with no deductions along the way, near-instant settlement where local infrastructure allows, and end-to-end traceability on every transaction."