SWIFT Provides 10% Rebate On 2014 Messaging Fees

SWIFT has announced a 10% rebate on 2015 messaging fees, returning more than €30 million to users worldwide.

According to a statement from SWIFT, the rebate is due to increased traffic and operational efficiencies, and will be paid in early March of this year.

“In addition to the 10% rebate, SWIFT users have also realized additional cost savings in the form of substantial structural price reductions, says Yawar Shah, chairman, SWIFT. “It is through these strategic pricing programmes that SWIFT will continue to reduce costs for its customers.”

“This rebate comes on top of the structural price reductions we announced in 2014,” adds Francis Vanbever, CFO, SWIFT. “In 2010, SWIFT set out a multi-year strategy to cut message prices in half by 2015. We achieved this goal one-year ahead of schedule.”