What is the Swift payments scheme – and why are banks around the world backing it? New technologies, rising expectations and an increasingly complex ecosystem are reshaping financial services. Meeting these challenges – and pushing the boundaries of what’s possible – requires more than individual solutions. It requires collaboration across the global financial community. That’s where the Swift payments scheme comes in. By establishing a set of enforceable rules, the scheme is designed to give customers greater certainty, transparency and peace of mind when sending money across borders. So, who’s part of this initiative? More than 60 banks worldwide are already supporting the framework, including Standard Chartered, TD Securities, Westpac and Yapı Kredi.

Can collaboration reshape the future of cross-border payments? Over 50 banks worldwide have signed up to Swift’s payments scheme, introducing a new framework designed to transform consumer and retail cross‑border payments. As progress continues through 2026, banks are beginning to roll out the framework across key corridors – helping deliver faster, more predictable and transparent payment experiences for end customers. @LloydsBank , @NAB , @NatWestGroup and @SocieteGenerale are among the banks participating in this initiative, alongside a growing global community. #CrossBorderPayments #SwiftScheme

Why is the last mile the longest? While transactions across the Swift network can happen in seconds, around 80% of a payment’s journey is spent in the “last mile” – the time between a payment reaching the beneficiary bank and being credited to the end account. Domestic regulations, local market practices and infrastructure can all result in delays. Our payments scheme is designed to significantly improve that final stage of the journey – bringing greater speed, certainty and transparency to the part of the process that matters most to end customers. “Everyone should be able to transact internationally at pace, safe in the knowledge that the full value will arrive with the recipient and that fees will be affordable and fixed from the start,” says Nasir Ahmed, Head of Payments Scheme at Swift. 👉 Learn more about how the Swift scheme is improving the last mile, with banks including Garanti BBVA, J.P. Morgan Payments, KASIKORNBANK and KEB Hana Bank among its global participants: swift.com/news-events/news/t… #CrossBorderPayments #SwiftScheme #G20

Improving the state of cross‑border payments is a global ambition shared by the G20. As part of its roadmap to enhance cross‑border payments by 2027, the G20 set clear goals around speed, cost, transparency, choice and access. Real progress is already underway. Today, 75% of transactions over Swift reach the destination bank within 10 minutes, exceeding the G20 target. But there’s more to do. Consistency of experience, financial inclusion and delays beyond the Swift network still need to be addressed. That’s why our payments scheme plays a critical role, helping move the industry closer to cross‑border payments that work better for everyone, everywhere. 👉 Learn how banks including CBA, City Bank, DenizBank and Deutsche Bank – alongside more than 50 others – are bringing this vision to life: swift.com/news-events/news/t… #CrossBorderPayments #SwiftScheme #G20