Swift, collaborating with a voluntary coalition of 30 banks, is developing a new framework designed to bring greater transparency and predictability to international retail payments.
Announced on September 25, 2025, the new rules will ensure customers benefit from upfront transparency on payment costs, guaranteed delivery of the full payment value, complete end-to-end visibility of the transfer status, and a commitment to instant settlement where possible. Banks from 17 countries are working with Swift to set the rules and define mechanisms to ensure compliance, ultimately aiming to give retail customers “peace of mind” when sending money abroad.
Click here for more on Banking
