Implementation of the SWIFT transition strategy to instant seamless transactions is a precondition for its global implementation in 2022.
SWIFT notes the significant progress in its strategy of providing instant and seamless account – to – account transactions anywhere in the world. As part of the strategy implementation, SWIFT fulfilled a number of its obligations, such as:
increasing the speed and transparency of payments for small amounts
minimizing delays through preliminary confirmation of payments
providing banks with tools to quickly obtain extensive data in a multi-format environment.