Swift: Transforming Consumer Payments: Banks Roll Out New Framework for Retail Transactions

Swift

"Last year, we announced plans to transform the cross-border payment experience with the launch of a new scheme, designed to ensure consistently fast, predictable and transparent payments worldwide. Thanks to progress in 2026, consumers and small businesses receiving payments across a range of countries, including five of the world’s ten largest remittance markets, will be among the first to benefit from a pioneering new framework for cross-border retail transactions."