How the Service Works for Corporate Clients
Citi has introduced a new service enabling clients to send instant payments across multiple markets using the Swift network, starting October 6, 2026. The initiative leverages Swift’s infrastructure to allow faster settlement times for international transactions. Bank customers can now initiate payments that reach beneficiaries in near real time across supported corridors. This development aims to improve efficiency in cross-border commerce and treasury operations. The rollout builds on Citi’s existing partnership with Swift and integrates WorldLink capabilities for broader reach.
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What Currencies and Corridors Are Covered Initially?
The launch covers instant payments in over 30 markets spanning Europe, Asia-Pacific, and the Americas. Specific corridors include payments from the US to Mexico, Singapore to India, and Germany to the UK. Citi plans to expand coverage based on client demand and Swift’s ongoing network enhancements. The service operates under Swift’s gpi instant framework, ensuring adherence to global standards for speed and transparency. Participating banks must be connected to Swift’s instant payment service to enable reciprocity. Citi emphasizes that security protocols remain unchanged, with all transactions screened for fraud and regulatory compliance.
How does this differ from standard Swift payments? Standard Swift transfers can take one to three business days due to intermediary processing, while this service enables settlement in under 20 seconds for eligible transactions during operating hours.
Frequently Asked Questions
Are there limits on transaction size? Yes, individual transfers are currently capped at the equivalent of $100,000 USD per transaction, with daily limits adjustable based on client risk profiles and prior agreement.
Will clients need new software to access this feature? No, existing Citi clients can access the service through their current WorldLink or Connect platforms without additional installation or certification.
