Citi Becomes First Bank to Launch Multi-Market Instant Payments on the Swift Payments Scheme

Citi became the first bank to launch multi-market instant payments on the Swift payments scheme, enabling clients to make cross-border instant payments across major currencies without local banking relationships or infrastructure. The solution integrates Citi's WorldLink Payment Services and Global Clearing network to streamline real-time, always-on cross-border payments and settlements.

This Wire brief sits within Fusion42's coverage of Payments, Banking Infrastructure and Fintech, and 3 sources have reported it.