Through the partnership, both firms aim to provide their customers with “more choice” when sending money globally, as well as improve the speed and transparency of the transactions. To that end, Visa will deploy capabilities developed by Swift to help increase the “speed and certainty” of cross-border payments.
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Visa and Swift collaborate to streamline cross-border payments
“Through this collaboration, financial institutions on both networks will have more routing options for their business customers, with real-time status and updates,” both networks say.
