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Swift, J.P. Morgan And BofA Usher in Faster International Money Transfer
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Digital Transactions
Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service.
Swift says the new service will show recipients the full transaction amount with no unexpected deductions.
Initially, the messaging service will be available for payments from Australia, Brazil, China, India, South Africa, South Korea, Spain, and Turkey, Swift says.
World Bank data show that remittances sent to recipients in the United States totaled $9 billion in 2025.
As of 2022, U.S. senders sent $79.15 billion, nearly double the next-highest sending country, Saudi Arabia.