Innovation in instant payments

Innovative instant payments services are transforming the global financial landscape

Leverage your existing SWIFT connection to facilitate instant payments

SWIFT has unparalleled reach. We are connected to more than 11,000 banking and securities organisations, market infrastructures and corporate customers in over 200 countries and territories.

This puts us in a unique position to deliver the infrastructure necessary to facilitate instant payments efficiently and with minimal integration required for institutions already connected to the SWIFT network. The transition to instant payments for SWIFT customers will be simpler and smoother, enabling them to capitalise on their existing investments in SWIFT technologies and messaging services.  For new customers, we will offer complete on-boarding services to reduce risk and manage costs.  Customers will also benefit from the added value of SWIFT’s wider network of products and services connected to our instant payments solutions, including our Customer Security Programme (CSP) and global payments innovation (gpi) initiative.


Instant payments over SWIFT

The New Payments Landscape

Reaping the rewards of instant payments takes work

Adopting instant payments

  • Provide ubiquitous low-latency 24/7/365 services to the community
  • Ensure cost-effectiveness through a lean architecture
  • Operate with the highest levels of security, availability, and fraud detection

One size does not fit all payment systems: fragmentation and different implementation approaches across markets threaten the value of real-time clearing and settlement.

Financial institutions and infrastructures alike need standardisation, interoperability and a cost-effective, flexible interface that boosts technology re-use.

The system must also be able to adapt to evolving security threats, and operate across new and entrenched models both domestically and cross-border.

Our solutions

Global Financial Messaging

ISO 20022 messaging

ISO 20022 messaging has gained significant traction with pan-regional payments systems and market infrastructures, offering in-built message validation and non-repudiation, and support for all ISO currencies and non-Latin characters.

Interfaces and Integration

Distributed real-time payments clearing

Clearing infrastructure components for real-time payments, where clearing is distributed, between debtor and creditor banks. Scope includes a 24/7 network, switch components and access to applications such as a proxy addressing database, which allows payments based on personal identifiers such as mobile phone numbers or email addresses.

SWIFT offers security, scalability and interoperability — all in real time

  • Standardisation, harmonisation and interoperability
  • Payments, market infrastructures and ISO 20022
  • Cost-effective, resilient, secure, reusable infrastructure

Title and primary

Innovation in instant payments