Brussels, March 17th–The transformation of cross-border payments is accelerating. By 2027, the G20 expects the global payments ecosystem to deliver faster, cheaper and more transparent international payments. Learn how the Swift Payments Scheme is helping turn this vision into reality.
The initiative, coordinated by the Financial Stability Board with support from the Bank for International Settlements, aims to address long-standing frictions in cross-border payments: slow processing, limited transparency on fees and FX, and uneven access across corridors.
The Swift Payments Scheme
To support these objectives, Swift is introducing the Swift Payments Scheme — a framework designed to improve predictability and transparency in cross-border payments while leveraging the existing correspondent banking network.
As highlighted during Sibos 2025, Javier Pérez-Tasso, CEO of Swift, explained:
The scheme introduces new operational requirements for institutions acting as Debtor Agents or Gateway Intermediaries, including better data validation, upfront visibility on FX and fees, improved routing options and enhanced payment tracking.
How DiXiO enables the Swift Payments Scheme
At DiXiO, we help financial institutions operationalize these requirements.
As a Swift Platform Provider, we deliver a modern Swift Service Bureau model, providing simple, secure and fully managed connectivity to the Swift network.
Through our Smart Messaging Platform, and as an official Swift Alliance Cloud Business Connect Provider, we enable banks, fintechs and solution providers to leverage our infrastructure to deliver secure Swift connectivity to their own clients.
To support the Swift Payments Scheme, DiXiO integrates orchestration capabilities directly into the platform. Through APIs and webhooks, the platform validates beneficiary and payment data based on corridor rules, retrieves FX rates and intermediary fees, calculates estimated delivery times and enables smart routing across correspondent banks or instant payment systems.
The platform also provides real-time payment tracking and notifications, while ensuring proper ISO 20022 message formatting and validation, allowing institutions to comply with the scheme rulebook and improve the payment experience for their clients.
The Clock is ticking
Before 2027, another milestone is approaching: November 2026, when structured addresses become mandatory under the ISO 20022 framework.
For the payments ecosystem, the message is simple: The future of cross-border payments is already being built — and 2027 is closer than we think.