Swift Go

For banks looking to enhance their cross-border payment offerings, Swift Go is the ideal solution. It enables quick, predictable, and cost-transparent international payments for consumers and SMEs, delivering an experience that aligns with modern expectations. With the ability to send low-value payments directly from bank accounts, Swift Go provides a seamless solution for your customers, ensuring that they no longer face delays or unexpected deductions.

By integrating Swift Go, financial institutions can tap into a rapidly growing market, attract more customers, and establish themselves as leaders in payment innovation. The service allows banks to maintain a competitive edge, offering features that improve customer satisfaction and retention.
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Why Should Banks Implement Swift Go?

Predictability

Customers know exactly what to expect. Swift Go provides transparency on fees and foreign exchange (FX) costs upfront, so your customers are never caught off guard by unexpected charges.

Speed

Cross-border payments made with Swift Go are exceptionally fast. Your customers can send money internationally in a fraction of the time, with payments processed almost instantly across borders.

Customizable User Experience

Banks can fully personalize the user interface to create an intuitive, hassle-free payment experience, giving customers a streamlined and delightful interaction with your services.

Unmatched Global Reach

Swift’s extensive network connects institutions globally, offering a far-reaching payment solution that spans major currencies and continues to expand as more banks join the Swift Go community.

How Swift Go Works

With Swift Go, your customers can send up to 10,000 USD, GBP, or EUR worldwide, with more currencies being supported as the network grows. The ‘no deduction’ policy ensures that the recipient always receives the full payment, offering a trustworthy and transparent solution for small-value cross-border transactions.

Financial institutions processing Swift Go payments play one of three roles – sender, intermediary, or beneficiary. To implement Swift Go, you’ll need to decide which role(s) you want to support and tailor your onboarding process accordingly. IntellectEU can guide you through each step of this integration to ensure a smooth and efficient setup.

Payment Pre-validation: The Ideal Complement to Swift Go

Swift Go works even better when paired with Payment Pre-validation. This API-based solution allows banks to verify payment data in advance, reducing errors, minimizing delays, and ensuring a seamless process from start to finish. By integrating Payment Pre-validation, banks can further enhance their Swift Go offering, providing an even more frictionless experience for their customers.