Banking News

UniCredit & JPMorgan Partner SWIFT Go for SMB Payments

UniCredit & JPMorgan Partner SWIFT Go for SMB Payments

(11 October 2021 – Europe) UniCredit partnered with JPMorgan to create a payment corridor where UniCredit’s small business (SMB) customers are enabled to make up to US$10,000 in payments to any JPMorgan Chase branch in the United States (US) via SWIFT Go.

SWIFT Go enables banks to provide small businesses with the ability to make real time cross border payment at a competitive transaction cost. The platform also provides tighter service level agreements between banking institutions and pre-validation of data.

“UniCredit has always been a staunch supporter of innovations within the payments sector that deliver excellent outcomes for end-customers and our cooperation with JP Morgan represents a clear step in this direction. As ever, we strive to support our clients with the best possible solutions and expect this news to be positively-received by our customers that carry out business operations in the United States” commented UniCredit Global Head of Cash Management, Raphael Barisaac

“JPMorgan is committed to innovation in the global payments industry, so we're pleased that UniCredit is leveraging our new PayDirect solution and SWIFT Go to provide payment services to its business and consumer clients” commented JPMorgan Head of Global Clearing Product, Gayathri Vasudev.

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