PostFinance: International payment transactions PostFinance participating in SWIFT

Following the purchase of the first SWIFT share, PostFinance is a "participating financial institution" and thus a fully fledged member of SWIFT. For PostFinance, this is another step towards strengthening its core business of national and international payments. For payments from Switzerland to other countries and vice versa, PostFinance is already one of the largest providers in Switzerland. In addition to SWIFT, PostFinance handles international payments via Eurogiro, a second major network.

Unrestricted access to SWIFT services

With its participation in SWIFT and its longer-standing membership of Eurogiro, PostFinance is now a member of two major communication networks in the financial sector. As a fully fledged member of SWIFT, it will now have unrestricted access to other services in the network. This brings advantages in particular in the business customer segment. Major customers of PostFinance, who are connected directly to SWIFT, can thus further reduce their interfaces in national and international financial business and cut costs.

A SWIFT member since 1999

PostFinance has been affiliated with SWIFT for 10 years. As a member, it is now also entitled to vote. It uses the network mainly for cross-border payments: last year, it handled around 6.7 million transactions. In addition, PostFinance uses SWIFT for fund transactions and treasury activities.

About SWIFT (Society for Worldwide Interbank Financial Telecommunication)

SWIFT is a cooperative organization owned by the banks that makes its own communication platform, products and services available worldwide to link over 8,900 bank and financial organizations, securities institutions and corporate clients in 209 countries. SWIFT enables its users to exchange automated, standardized financial information securely and to cut costs, minimize operating risks and eliminate inefficiencies. Moreover, SWIFT unites the financial world so that its players can optimize market practices, define standards and implement tasks that serve their common interest.

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