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S'pore banks join global pilot to boost cross-border payments

Monday, January 25, 2016 - 05:50

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Singapore banks are among 45 global institutions testing out a Swift service that would improve price transparency in cross-border payments, as lenders band together to find ways to make correspondent banking more efficient and less costly, a senior executive from Swift said last Friday.

Singapore

SINGAPORE banks are among 45 global institutions testing out a Swift service that would improve price transparency in cross-border payments, as lenders band together to find ways to make correspondent banking more efficient and less costly, a senior executive from Swift said

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