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Explained: What is SWIFT? How could SWIFT ban affect Russia?

Published on Mar 01, 2022 04:39 pm IST

What is SWIFT? SWIFT stands for Society for Worldwide Interbank Financial Telecommunication, which is the world's international payment network used by banks and other financial systems to quickly, accurately, and securely send and receive information, such as money transfer instruction. Watch the full video for more.

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