Global payment services provider SWIFT is claiming payments will be delivered in seconds by integrating gpi, its cross-border payments service, with real-time service levels into domestic instant payments systems around the world.

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The global transaction volume of non-cash payments is growing rapidly, including in Australia, with non-cash transactions booming and competition flourishing, despite many banks remaining reluctant to embrace open banking via data sharing, ecosystem partnerships and open platforms, according to a new report.

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