SWIFT launches a new service for payments.

  SWIFT launches new service for small cross-border payments.Instant seamless account-to-account payments anywhere in the world, including consumer and SMB payments. 

  Bank of China, Barclays, BNP Paribas, BNY Mellon, Deutsche Bank, KEB Hana Bank, MyBank, National Australia Bank, SMBC, Standard Bank, StoneX, UniCredit and Wells Fargo. 

  Seven more banks will also join the pilot launch from late October: Banca Intesa, BBVA, DNB, HSBC, Sberbank, Societe Generale and Standard Chartered. 

   In 2021 the service will be available to all financial institutions, which have joined SWIFT gpi service. 

  *news October 12,2020