List of AI News about international transfers
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2025-12-09 15:04 |
How Airwallex Uses AI to Revolutionize Cross-Border Payments by Bypassing SWIFT for Faster Transactions
According to @godofprompt, Airwallex has addressed the speed limitations of traditional international banking by utilizing AI-driven payment infrastructure that bypasses the SWIFT network. While conventional banks rely on SWIFT, resulting in 3-5 day transfer times and unpredictable fees, Airwallex leverages AI to route 95% of cross-border payments through local rails. This approach enables over 90% of transactions to settle on the same day, significantly reducing operational costs and enhancing efficiency for businesses engaged in global commerce. The adoption of AI-powered payment routing opens new business opportunities for fintech firms seeking to offer faster, cost-effective international transactions. (Source: @godofprompt) |