A new standard for cross-border consumer-originated payments
We have taken a bold step toward making cross-border payments as seamless as domestic ones. Our new retail payments scheme is designed to deliver fast, predictable and transparent international payments for consumers and SMEs.
Developed in collaboration with more than 40 banks, the Swift payments scheme establishes a set of enforceable rules that give customers greater certainty and peace of mind when sending money abroad. The MVP has been successfully delivered in the first half of 2026, laying the foundation for a transformed end-to-end cross-border payments experience.
A new standard for cross-border consumer-originated payments
Beyond faster payments
Clear visibility on fees, FX rates and delivery times, giving consumers and SMEs the predictability they expect.
Payments arrive without unexpected deductions, ensuring the recipient always gets the intended amount.
By leveraging our upgraded platform, the scheme delivers a more consistent experience and enables instant payments where systems allow.
Using the same resilient network used for wholesale payments, the scheme helps elevate the payments experience for consumers and SMEs.
With more than 100 financial institutions committed and over 30 already live, the Swift payments scheme is designed to scale across countries, corridors and payment types, extending the benefits to more customers worldwide.
The Swift payments scheme helps consumers and small businesses experience fast and predictable international payments, whether sending money to family abroad or paying an overseas supplier.
The new Swift payments scheme will ensure that consumers and small businesses will experience fast and predictable international payments, whether sending money to family abroad or paying an overseas supplier.
FAQs
What does the Swift payments scheme do?
Participating institutions commit to upfront fee and FX transparency, full-value delivery, efficient last-mile processing and end-to-end transaction visibility, giving customers the confidence they expect from modern payments.
How do customers benefit?
The ambition is to make international payments sent by consumers and small businesses feel more like domestic ones, delivering greater speed, transparency and predictability.
What is the timeline?
The scheme is live and continues to expand. More than 100 financial institutions have committed to implementing the framework, with over 30 institutions already processing payments across more than 40 live corridors linking 19 countries.
How can my bank get involved?
Please contact your Swift Account Manager to explore this further.
Meet the institutions that have joined the scheme
Together, Debtor Agents and Gateway Intermediaries are improving the experience of cross-border payments.
For the scheme, Debtor Agents enable a simple, transparent and predictable Debtor customer experience. Gateway Intermediaries provide a Creditor customer experience that is fast and reliable, with clear confirmation of credit.
Please note: The list below is non-exhaustive and is subject to change. Other customers not listed may also fall within the relevant scope.
Meet the institutions that have joined the scheme
Together, Debtor Agents and Gateway Intermediaries are improving the experience of cross-border payments.
For the scheme, Debtor Agents enable a simple, transparent and predictable Debtor customer experience. Gateway Intermediaries provide a Creditor customer experience that is fast and reliable, with clear confirmation of credit.
Please note: The list below is non-exhaustive and is subject to change. Other customers not listed may also fall within the relevant scope.
Ready to join the Swift payments scheme?
Contact your account manager to discover the benefits it will bring to you and the community.