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Royal Bank of Canada (RBC), an IBOS Association member, has recently announced the launch of Swift Go, allowing businesses to efficiently and securely send cross-border payments in a cost-effective way.

RBC is the first Canadian bank to introduce Swift Go and provide this capability for corporate clients, which is a significant step for the Bank to innovate its digital banking initiatives as businesses are increasingly relying on international payments.

Swift Go has been implemented in collaboration with J.P Morgan and Swift, enabling Canadian businesses to send cross-border payments of up to $10,000 in foreign currencies.

The key benefits of Swift Go include:

  • Speed and convenience
  • Ease of use and predictability
  • Competitive and transparent pricing

Read the full statement on the RBC website here