SWIFT wants to speed up cross-border transactions - Business News, Finance News, Share Market News - Market trendz

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Wednesday, 10 September 2025

SWIFT wants to speed up cross-border transactions


Delays occur because many Indian banks contact the receiver before crediting their account to confirm the payment, or re-verify final account details. In addition, differences in how institutions update tracking information or credit client accounts-often tied to batch processing in back-office systems-slow down deals.

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