Swift Cross-Border Payment Processing Speed Stretched Ahead of G20 Target
Swift published new data which reveals continued progress towards meeting the G20âs goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour. Swiftâs data shows that the speed of processing transactions to all but two of the top 40 countries on its network – by volume of payments received – continues to be above the G20âs target of one-hour end-to-end...