Global payment services provider SWIFT has completed a trial to integrate its cross-border instant payments service gpi Instant into Singapore’s domestic instant payment service, Fast And Secure Transfers (FAST) – with the fastest payment in the trial from Australia into Singapore processed via FAST in only 13 seconds.

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The advent of Australia’s industry-wide New Payments Platform has opened the way for utilities companies to be able to deliver an enhanced customer experience via real-time 24/7 payments, according to a new joint report from KPMG and the Commonwealth Bank.

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