Wise Partners with Swift for Global Payment Expansion

Sep 18th, 2023Partnership
  • Wise and Swift have announced a partnership to enhance cross-border payment options.

  • Banks using Swift can now process payments through Wise Platform's Correspondent Services for faster and more convenient transactions.

  • The collaboration aims to meet G20 and UN goals by improving the speed, cost, transparency, and access of cross-border payments.

  • Wise's global payments network allows over 57% of transactions to settle instantly, with over 90% within an hour.

  • The partnership was announced at the annual Sibos conference in Toronto.