The Society for Worldwide Interbank Financial Telecommunication (Swift) has launched an instant payment system that dramatically accelerates cross-border transactions both to and from Europe. This initiative, part of the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), operates continuously, bringing a new dynamic to the realm of global financial transactions. As the world’s […]
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Swift Launches Near-Instant Cross-Border Transfers to/from Europe
