Global payment services provider SWIFT is claiming payments will be delivered in seconds by integrating gpi, its cross-border payments service, with real-time service levels into domestic instant payments systems around the world.
The global transaction volume of non-cash payments is growing rapidly, including in Australia, with non-cash transactions booming and competition flourishing, despite many banks remaining reluctant to embrace open banking via data sharing, ecosystem partnerships and open platforms, according to a new report.
Global payment services provider SWIFT has published a new API standard for the pre-authorisation of funds which it says paves the way for further innovation in financial services enabled by Open Banking.
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