Saturday, February 26, 2022

What's SWIFT?

SWIFT, which is the abbreviation of Society for Worldwide Interbank Financial Telecommunication, also means "quick, fast, quick" in English. Basically, SWIFT, a messaging system used by banks for fast and secure cross-border payments, is one of the most important structures that facilitates the flow of international trade. It is even possible to say that it is the most basic mechanism in this field.
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