 "KIRAN SHETTY, CEO and Regional Head, SWIFT (India) and South Asia")
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network that enables financial institutions to send and receive information about financial transactions in a secure environment. Banks send over $327 billion daily via the network’s Global Payments Initiative. It is now foraying into low-value payments, and has settled the integration issues with banks’ core banking that the Punjab National Bank fraud in 2017 threw up. KIRAN SHETTY, chief executive officer and regional head of SWIFT (India) and South Asia, spoke to Raghu Mohan. Edited excerpts:
What is your pilot-project on low-value payments about?
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