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For clients based in the United Kingdom and rest of the world, payment services for Universal Partners FX Ltd are also provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street, London, E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

What is the Swift Payment system?

February 10, 2023

By Alasdair Hutchinson

The swift payments system is the technology that powers all our transactions. It is connected to an international pool of banks owned by VISA, which means that from the moment your funds are received into your account it takes on average 5 minutes for the funds to be converted and within 2 hours be received anywhere in the world. When payments are sent you will receive a full Proof of Payment with an International Banking Receipt known as an MT103 attached which you can then send onwards to your suppliers.