Citi Becomes First Bank to Launch Multi-Market Instant Payments on the Swift Payments Scheme
Business Wire•29/09/2026•10:30 ET
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Key Highlights
- ➤Citi (C) launches multi-market instant cross-border payments through the Swift payments scheme
- ➤Participating banks access AUD, GBP, INR, and USD instant payments via one account structure
- ➤Solution eliminates separate local banking relationships, bilateral agreements, and local technical infrastructure
- ➤Citi expands USD Clearing for real-time payments directly to Citi U.S. beneficiaries
- ➤WorldLink connects clients to nine instant payment schemes across 54 markets and 20 currencies
Expert Statements
Debopama Sen, Head of Payments, Services at Citi
“The future of banking is real-time, always-on, and increasingly interconnected. Through our continued collaboration with Swift, we're helping banks connect to instant payment capabilities across multiple markets through a seamless and scalable model. Combined with Citi's global network, this initiative enhances speed, transparency, and reach while helping clients meet evolving expectations for how money moves. We're proud to continue working with Swift to help advance the future of global payments.”
Leigh Amaro, Chief Executive, Americas at Swift
“Industry collaboration is essential to delivering the faster, more transparent and more predictable cross-border payments experience consumers have come to expect. As usage of Swift’s retail payments framework grows and more corridors become active, greater certainty over cost and delivery time, full-value transfers and end-to-end visibility into international payments will become a reality for more people and businesses around the world.”
Citi Becomes First Bank to Launch Multi-Market Instant Payments on the Swift Payments Scheme
* Participating bank clients can now access instant cross-border payments across major international currencies—including AUD, GBP, INR, and USD—with additional markets planned.
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