- 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:
a. Standard
b. Security
c. Secured
d. Society
