Payments & Cash Management

Swift India provides a common, secure and standardised platform for payments & cash management messaging across counterparties

Swift India enables the payments & cash management workflow between corporates and banks in a standardised way to improve efficiency

• Corporates can initiate payments across payment schemes to multiple banks
• Get standardised status response for the initiation request
• Get intra-day, end-of-day and real-time credit/debit account statements from banks in a standardised format

Swift India is working with the market participants to provide solutions that aim at increasing efficiencies via standardization and automation for payments & cash management, thus moving from largely fragmented and manual workflows to straight through processing via standardized messages, in line with global best practices