Banks can now use their existing Swift connections to deliver faster, global payments through the Thunes Network, reaching accounts in over 130 countries and meeting growing demand for real-time transfers.
Under its new plan, Swift will enforce clear costs and predictable timing for cross-border retail transactions, promising full value delivery, fee transparency, and instant settlement when local systems permit.
Swift estimates that adopting Case Management early could help the financial industry save more than $600 million each year in operational and liquidity expenses, while also potentially increasing gross revenue by 3–5%.
In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.
SWIFT network is to launch an AI-powered solution to bolster fraud detection in cross-border payments, analyze vast amounts of real-time payment data, and mitigate risks.
The SWIFT global banking messaging network has intentions of creating a new platform to connect multiple central bank digital currencies (CBDC) to the existing financial system.
ANZ Bank has explored how its stablecoins might seamlessly navigate between different chains using Chainlink CCIP to streamline the purchase of eco-friendly assets.
Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved
© 2025 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.
