Spotlight on Speed: Half of Payments on Swift Reach Bank Within 40 Seconds, but Domestic Delays Impact User Experience

BRUSSELS–(BUSINESS WIRE)–Swift today published new data which reveals that half of transactions across its network reach recipient institutions within 40 seconds, as the financial industry makes strong progress towards the G20’s goal for the speed of cross-border payments. The figures reflect a continued drive by Swift and the industry to make international payments fast, predictable and as seamless as the best domestic ones. Since June, banks globally have been using Swift’s retail payments

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