25 years: Payments & banking
Following Pat's introductory video on international payments, Pat now dives into further detail with some examples of international payments.
Following Pat's introductory video on international payments, Pat now dives into further detail with some examples of international payments.
18 mins 9 secs
All international payments are made up of two components: the payments instruction, and the money. Accepting this tenet will assist in understanding all kinds of payments from the simple to complex cross border payments much better.
Key learning objectives:
Explain the processes in each of the examples outlined below
Recognise the various SWIFT formats.
Learn the advantages of serial payments over direct and cover payments