- The ‘SWIFT Go’ is a new solution for the SME (Small Medium Enterprises) sector.
- It will allow seamless Low-Value Cross Border Payments facility anywhere in the world through their bank accounts.
- The SWIFT Go will allow small businesses and consumers to send fast, predictable, highly secure, and competitively priced low-value transactions from anywhere in the world
- The service will allow banks to stay firm and secured in the fastest-growing segments of the payments market by offering the seamless experience of payment transactions to their customers
- Through SWIFT Go, the processing time and payment cost will be provided by the banks in advance by the banks. This will help the sender and receiver to track real-time. Thus this allows banks to offer their customers a fast and predictable payments experience with upfront visibility on processing times and costs.
- The SWIFT Go is based on the pillar-like: Speed, Predictability, Easy to use, Competitive Price, Security
- Static Part:
- SWIFT: La Hulpe, Belgium
Question:
Ques: 1: SWIFT has launched ‘SWIFT Go’ service for the SME sector for seamless Low-Value Cross Border Payments facility anywhere in the world through their bank accounts. What does ‘S’ signifies in SWIFT?
a. Standard
b. Security
c. Secured
d. Society
a. Standard
b. Security
c. Secured
d. Society
