Swift to offer new global remittance platform

Called SwiftRemit, the platform connects banks, money transfer operators and other types of supervised payment institutions over Swift's network.

Jonathan Wong

October 11, 2011

The Society for Worldwide Interbank Financial Telecommunication (Swift) is preparing to launch a new global platform for person-to-person payments. According to Swift, the solution, called SwiftRemit, connects to banks, money transfer operators and other types of supervised payment institutions over its network.

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