Citi Becomes First Bank to Launch Multi-Market Instant Payments on the Swift Payments Scheme
Citi became the first bank to go live with multi-market instant payments on the Swift payments scheme, enabling cross-border real-time payments in AUD, GBP, INR, and USD with more markets planned. The service, delivered via Citi's Global Clearing network and WorldLink Payment Services, lets bank clients reach multiple instant payment markets through a single account structure without local banking relationships or infrastructure.
Key figures
- Currency pairs
- over 4,500
- Worldlink currencies
- 135
- Instant payment schemes
- 9
- Near real time wire markets
- 54
- Swift connected institutions
- 12500
- Near real time wire currencies
- 20
AI analysis
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