Clear Junction launches multi-currency SWIFT service for global remittances
Cross-border payments provider Clear Junction has launched a multi-currency SWIFT service aimed at streamlining transactions for remittance companies across Latin America, Asia-Pacific and EMEA.
The new service targets one of the industry’s long-standing pain points: achieving faster and more cost-effective last-mile payouts in destination markets.
By enabling bulk payments through SWIFT’s correspondent banking network and connecting to domestic payment schemes such as SEPA, BACS, and the UK’s Faster Payments, Clear Junction can significantly shorten settlement times while lowering transaction costs.
The launch marks a further expansion of Clear Junction’s global payments network and multi-currency capabilities, strengthening support for regulated financial institutions and remittance providers in key Asian fintech hubs, including Singapore and Hong Kong.
Remittance volumes across Asia-Europe corridors rose in 2024, reaching $207bn in South Asia and $88bn in East Asia and the Pacific, according to the World Bank. As demand increases, remittance companies face growing pressure to deliver faster, more reliable payout options – especially in markets where transfers now exceed foreign investment and aid.
Through a single API integration, Clear Junction’s clients – including banks, fintechs and remittance companies – can offer faster, more efficient cross-border transfers between Asia and Europe, all in full compliance with local and international regulations.
This latest expansion adds SWIFT clearing across 11 currencies, enabling financial institutions to reach more markets and support multi-currency remittance flows at scale. The service is built to simplify cross-border disbursements, reduce operational overheads, and meet regulatory requirements across multiple jurisdictions – helping clients launch faster and serve new corridors with confidence.
Alongside this, Clear Junction also provides compliant stablecoin payout capabilities, giving clients a secure bridge between fiat and blockchain-based settlement.
Nina Papazyan, chief product and banking relationships officer at Clear Junction, commented: “Remittance firms need reach, speed and cost control. With our multicurrency SWIFT connectivity combined with stablecoin payout services, we provide a unified pathway for faster settlement across fiat and blockchain rails. This reduces time to funds and unit costs, helping licensed institutions launch and scale without the usual delays and overhead. From day one, clients see shorter settlement times, cleaner reconciliation and greater efficiency.”
Clear Junction’s technology gives regulated institutions fast, compliant access to accounts, virtual IBANs, payment networks, FX and e-wallets. By partnering with Clear Junction, clients can reduce time to market, enter new corridors, and leverage specialist infrastructure to lower costs and improve payout options.