Africa outperforms in SWIFT traffic

Data from SWIFT shows that its payment business in Africa has outperformed the total growth of the business globally.In the year to date, African payment traffic volumes grew by 13,2% versus 8,8% growth for SWIFT worldwide, highlighting the sustainable growth in the...

SWIFT adds African start-up contest

For the first time, SWIFT will host an African round of its global financial technology Start-up Challenge alongside its annual African regional conference (ARC), taking place from 5 to 7 May in Cape Town. The ARC, now in its 22nd year, brings together policy makers,...

Swift expands in sub-Saharan Africa

Swift will open two new offices in 2015 – in Accra, Ghana and Nairobi, Kenya – as a crucial part of its pan-Africa growth plans. From these offices, Swift will manage an expanded presence across the West and East Africa regions. Christian Sarafidis, deputy chief...

SWIFT extends Sanctions Screening

SWIFT announces the extension of its Sanctions Screening service to support all messages used in financial transactions, regardless of format or financial network. Users can now screen all transaction formats, including SEPA (Single European Payment Area) and Fedwire,...

Nigerian banks switch to SWIFT

The Central Bank of Nigeria is implementing SWIFT’s Sanctions Screening service and is mandating use of the hosted service by the country’s banking community. This is in order to strengthen the Nigerian financial market and ensure it meets global best practices for...