You are here

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

435.jpg
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