IBAN vs SWIFT: Which Do You Need for International Transfers?
People often get confused when banks ask for IBAN, SWIFT, or BIC codes, and they don’t know which number to provide when completing international transactions. This article provides a practical breakdown of these codes, including what they mean, the differences between them, and when each is required. What Is an IBAN? IBAN stands for International […]
Swift and Wise team up to expand cross-border payments
Swift and Wise have announced an innovative collaboration to increase cross-border payment options for financial institutions and their customers, enabling payments sent securely via Swift to complete seamlessly over Wise with end-to-end transparency. Financial institutions seeking to innovate their offerings will be able to route Swift payment messages directly to Wise Platform – Wise’s infrastructure […]
