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Name : S Bhargava
Subject: SWIFT in India
Message : Query :
1. How many banks in India uses SWIFT network? What do they use it predominantly? Is it for payments or trade related transactions?
Almost all of them ..& it is used for Payments, Trade Payment & host of others things including plain messaging.

2. What kind of SWIFT software they use to construct and decipher swift messages?
SWIFT has its own Authorised Software with which you are able to construct, encrypt & decrypt messages.

3. How are they integrating the SWIFT system to accomplish straight through processing?
Banks with lot of Payment Traffic go in for such Straight Thru Processing, it has its merits & demerits.

Cheers,
Bhargava



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