Swift says it has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+). Since August, all required... read more
The post Swift accepts community request to delay ISO 20022 migration appeared first on Payments Cards & Mobile.
Just days after Sberbank announced its collapse in Austria and subsequent withdrawal from the European banking sector, VTB Bank has also announced it will quit Europe. VTB Bank is Russia’s... read more
The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of including those handling energy payments. However, there are those questioning... read more
The post EU pulls trigger on Russia Swift ban – but will it be effective? appeared first on Payments Cards & Mobile.
For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the world on Russia were not strong enough, I think we... read more
The post Russian banks cut off from Swift and Central Bank from international reserves appeared first on Payments Cards & Mobile.
A raft of economic sanctions have been heaped on Russian banks and oligarchs as the West promises to make Vladimir Putin pay dearly for invading Ukraine. But even with Russian... read more
The post Indecision in Europe as UK and US push for Russian ejection from Swift appeared first on Payments Cards & Mobile.