Swift Go
Nobody likes waiting ages for a payment to arrive. Or finally receiving it, only to find that it’s less than they were expecting. Swift Go puts these problems in the past, enabling your consumer and SME customers to send quick and easy cross-border payments straight from their bank account.
Take advantage of this booming market – upgrade your offering with a solution that keeps your customers coming back over and over again. Grow your business, cement yourself as an industry innovator and keep pace with your competition.
Benefits
Speak to a Swift Go expert
Features
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Built with your customers in mind
Swift Go has been specifically designed to meet the cross-border payment needs of your consumer and SME customers. Use it to transform your offering and stay competitive in this fast-growing market.
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Real-time tracking
Built on the same payment rails as Swift GPI, Swift Go allows you to provide your customers with real-time tracking information for their payment, giving them more clarity on their payment’s progress.
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Global reach
The Swift Go community is growing fast, allowing your consumer and SME customers to send funds all over the globe.
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A simple onboarding journey
Because Swift Go uses the same rails and infrastructure as correspondent banking, it’s easy to get set up and start processing payments.
Testimonials
Frequently Asked Questions
What problem does Swift Go solve?
Cross-border transactions can be complicated – it’s no secret. Each payment must travel through different regulatory jurisdictions and is often processed by several banks throughout its journey.
For consumers and SMEs, this can be a slow and costly experience. Unexpected fees, delays and deductions all mean that the end beneficiary waits longer for their cash and ends up with less of it in their pocket.
Swift Go transforms this experience, allowing banks to offer a quick and easy process that doesn’t cost the earth. And that’s all thanks to our SLAs. Banks agree to process transactions quickly and efficiently and promise to credit the end recipient with the full amount. You can even integrate our payments tracker into your banking app to give your customers total transparency on the progress of their payment.
Can I send domestic payments via Swift Go?
No. We created Swift Go to revolutionise the way consumers and SMEs send money around the world. So, you can only use it to send international transfers.
How much can you send over Swift Go?
Swift Go can be used to send the equivalent of up to $10,000.
How long does it take to implement Swift Go?
Banks have taken as little as three weeks to onboard onto Swift Go – that’s from signing to processing their first payment. Most banks go live in three to six months, depending on their circumstances.
To find out how long it might take your institution, chat to one of our experts.
Do I need to implement all roles when signing up to Swift Go?
As more and more banks go live, small businesses and consumers around the world will begin to experience a better way to pay. While it’s currently possible to sign up as just a sender, intermediary or beneficiary bank, we believe that the best way to transform low-value payments forever is through the adoption of all three.
With that in mind, we understand that implementing one role at a time may enable you to get up and running more quickly and will allow you to follow your own adoption timeline.
Join the low-value payment revolution
Plan your onboarding journey
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Get started
- Explore our resources to learn about your assisted onboarding roadmap
- Talk to your account manager
- Subscribe to Swift Go
- Plan your project
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Implement
- Adapt your systems and processes
- Request that Swift provisions your BIC(s) in a Test environment
- Adapt your systems and processes
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Test
Perform your mandatory testing
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Go live
- Request that Swift provisions your BIC(s) in a Live environment
- Prepare to go Live: Format your transactions according to Swift Go rules
- Go Live: Send your first Swift Go payment!
Third-party providers: Get ready for Swift Go
We’re working closely with our community of application providers, equipping them with everything they need to help their customers adopt Swift Go. That’s specifications, tools and test services to support their customers’ journey to a simpler low-value payments solution.
Existing third-party providers include:
- ACI Worldwide
- Allied Engineering Group
- Birchford Technologies
- CEC Gientech Technology Co Ltd
- Commercial Banking Applications AS (CBA)
- EastNets
- Incentage AG
- ProgressSoft Corporation
- Turnkey Systems sarl
Please note that this list is an indicative guide only. We do not test or audit the functionality, usability or performance of third-party provider products.
Resources
Selected Swift Go resources
Related content
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How to capture growth in cross-border consumer and SME payments
International consumer and SME payments are exploding, with huge opportunities on offer for banks that capture this growth. Susana Delgado, Head of Consumer & SME Payments Strategy at Swift, explains what banks need to do to take advantage.
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Payment Pre-validation: Say goodbye to unnecessary errors
When analysing payment exceptions on the Swift network, we found that 72% were the result of formatting errors, account issues and invalid data. So, we set out to solve this – reducing delays so you can keep your customers happy. Mireia Guisado Parra, Pre-validation Product Owner at Swift, explains how.