News

Consumers in some of the world's busiest remittance corridors are already benefiting from faster, more transparent and more predictable international payments, enabled by Swift's new framework for retail payments.

Nine months after Swift announced plans to add a blockchain-based ledger to its technology stack, here’s how the industry came together to make it happen.

Swift has successfully completed the design phase of its blockchain-based shared ledger, and is now actively building the first iteration that will enable interoperability between banks’ tokenised deposits to facilitate 24/7 cross-border payments.

Over 50 banks around the world have signed up to our payments scheme, designed to introduce a framework that will transform consumer payments. Here, we unpack progress already made in 2026.

From 29 September to 2 October 2025, a record 12,400 participants came to Frankfurt to attend Sibos 2025. With the event now a month behind us, we reflect on what was discussed at this fantastic event.

At Swift, our mission has always been to continually innovate and elevate the cross-border payments experience. Today, we are taking a pivotal step forward: adding a blockchain-based shared ledger to our technology infrastructure.

At Swift, our priority is to make cross-border payments as fast and seamless as domestic ones. With our latest major initiative, we’re taking another bold step toward that goal – launching a new scheme to guarantee a consistently fast, predictable and transparent experience for retail customers worldwide.

Today, 75% of payments travelling over our network reach beneficiary banks within just 10 minutes. But more work is needed at the final stage of a payment’s journey—the last mile—to address friction that delays funds from being delivered to end beneficiaries.