Standard Chartered processes real-time remittance to India in 37 seconds using Swift's new framework - The Economic Times

Standard Chartered has achieved a world first, processing a cross-border remittance to India in a mere 37 seconds using Swift's new retail payments framework. This groundbreaking transaction, facilitated by Westpac, promises faster settlements, transparent fees, and guaranteed received amounts, bringing international money transfers closer to the ease of domestic payments. This development is particularly significant for India, a major remittance recipient, and signals a major shift in global payment experiences.

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