SWIFT's 2026 Payment Scheme: 40 Banks Join for Transparent Cross-Border Payments
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 17 2026- New Standards for Payments: SWIFT plans to launch a new cross-border payment scheme in 2026, aiming to deliver fast and predictable payments through over 40 global banks, ensuring full-value delivery for consumers and SMEs, thereby enhancing their payment experience.
- Blockchain Integration Trials: SWIFT has conducted multiple interoperability trials with banks like BNP Paribas, utilizing stablecoins and tokenized deposits for on-chain settlements, demonstrating how regulated banks can adopt digital asset settlements without redesigning core banking workflows.
- Shared Ledger Development: SWIFT is developing a blockchain-based shared ledger with over 30 banks to enable 24/7 real-time cross-border payments, enhancing interbank settlement coordination and facilitating the expansion of tokenized asset markets.
- Transparent Fees and Rates: The new payment scheme will provide consumers and SMEs with clear visibility on fees and foreign exchange rates, increasing payment transparency and expected to significantly boost user trust and satisfaction in cross-border payments.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
