Is there any replacement of SWIFT?

For more: The United States, Britain, the European Union and Canada agreed on Saturday to exclude selected Russian banks from the SWIFT system, the world’s main international payments network, in the latest move to step up financial sanctions as Russia’s “special military operation“ continues in Ukraine. So, apart from using SWIFT, can other intermediary institutions serve the purpose of SWIFT and replace it? Hong Hao, head of research and chief strategist at the Bank of Communications International, shared his views. Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android):