Citi Fast Tracks Pounds, Rupees, and Aussie Dollars via Swift - Global Finance Magazine
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Home Transaction Banking Citi Fast Tracks Pounds, Rupees, and Aussie Dollars via Swift Author: Anthony Noto | Photos: Shutterstock Citigroup goes live with real-time cross-border payments across the U.K., India, and Australia. In what Citigroup Inc. bills as an industry first, the bank has gone live with real-time cross-border payments across the U.K., India, and Australia through a single Swift connection, though Global Finance could not independently confirm the claim. While in attendance at this year's Sibos 2026 event in Miami, the firm announced that its service now allows clients to access several countries' instant payment systems through a single account structure. The service runs through Citi's Global Clearing network and its WorldLink Payment Services platform. Banks no longer need to open local accounts, sign agreements with partner banks individually, or build technical infrastructure in each market, the company said. Citi has turned on real-time payments through the scheme in three currencies: Australian dollars through the New Payments Platform, British pounds through Faster Payments, and Indian rupees through the Immediate Payment Service. It also expanded its U.S. dollar clearing so clients can send money directly to Citi beneficiaries in the U.S. The bank plans to add more currencies and markets. Thousands of financial institutions are connected to Swift...
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