No one wants to wait for their money to arrive. With payment technology advancing as fast as it has in the past few years, we are well beyond the era of waiting for banks to shunt your money to where it needs to be, with businesses requiring instant international payments.
Many banks and money transfer services are still using outdated tech, meaning that money gets tangled up in red time, sluggishly crawling across international time zones and gumming up the works when you’re trying to do business.
SWiM PAY’s foundation removes these hassles, even when it comes to sending money across the world. In fact, we aim for nothing less than instant global transfers, making for a seamless experience. Here’s how we make it happen.
Understanding Instant International Payments
SWiM Pay offers instant money transfers to digital wallets and bank accounts, with a huge range of countries and currencies to choose from. In a world that’s steadily getting closer and closer thanks to the power of the internet, instant international payments are more important now than ever, and almost a necessity when doing business online.
A lot of traditional methods have yet to get the memo about fast international transfers, however. Big banks need to jump through a load of hoops, and many other services just aren’t willing to make the leap and adopt the tech that makes instant payments possible.
With SWiM PAY’s digital wallet system, it’s as easy as sending payments from one wallet to another, with location almost a non-issue. Our digital wallets offer unrivalled speed and convenience, saving you time and even money in the long run.
Factors Affecting Transfer Speeds
Many find themselves asking: how long does international money transfer take?
International money wire transfer time has made a few strides in recent years, but when it comes to traditional methods, there still remains huge room for improvement. International wire payments can still take anywhere from one to five days, even longer when you mix in extra factors, including…
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Public holidays in other countries.
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Weekend times when banks are closed.
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Time zone differences.
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Hassles on the other end when converting currency.
Five days just isn’t an acceptable time to wait for a money transfer anymore, especially if you’re trying to do business. No one should be left twiddling their thumbs for that long, which is why SWiM PAY’s instant international payment gateway is focused on optimising your money transfer experience.
Our Technology
SWiM PAY uses advanced technology with some industry-leading features, allowing for cross border payments that happen instantly.
How does it work? Digital wallets / e-wallets are a revolutionary finance solution, storing payment information and making for seamless transactions. You can link a bank account or credit card, after which you’re free to add funds to your digital wallet.
Once you decide to send money, we use our instant global payments gateway to transfer to wherever you need it, skipping the 5 day or more waiting time often slapped on top of transactions made with traditional payment methods.
Because they lack the red tape of big banks, these money transfers are instant. They’re also secure, protected by 2FA and highly advanced encryption.
Meeting the Demand for Faster Global Payments
In the past five years especially (thanks to a certain global event that meant we all spent a lot more time at home), the demand for faster global payments has skyrocketed. Online shopping and international business was already huge; now, it’s fast becoming the norm, and payment solutions need to keep up with demand.
Sadly, we haven’t yet advanced to the point where we can teleport goods into homes and warehouses… but money transfers are another matter entirely. Even across time zones, online money transfers with SWiM PAY are as seamless as handing someone a bank note across a counter; although even easier, thanks to our currency conversion services.
Your customers and business contacts are demanding faster payments, and that’s what SWiM PAY aims to deliver. The technology is here, we’ve integrated it into our digital / e-wallet system so that instant global payments can be a reality for our customers.
Digital Wallets: A Solution for the Future
Thanks to smart technology, SWiM PAY is leading the way when it comes to instant international payments. We took a look at that ‘one-to-five days’ figure prescribed for international money wire transfer time, and we decided that just wasn’t good enough. The demand for faster global payments is here and now, which is why we refined our digital wallet technology to its peak.
Business went global a long time ago – it’s time money transfer solutions stepped up to match demand. With SWiM PAY, your payments can cross borders instantly, backed by robust encryption, and be accessed in up to 49 different currencies.
Want to learn more about SWiM PAY’s features?
Read about Digital Wallets here or watch a short video on our Digital Wallets here.
