Understanding MT103 vs. MT202: Key Differences and When to Use Each SWIFT Message Type

Understanding MT103 vs. MT202: Key Differences and When to Use Each SWIFT Message Type

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You can also read my blogposts on this topic for better understanding -
http://bankingdigits.com/2024/07/10/m...

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In this video, we delve into the differences between two crucial SWIFT message types: MT103 and MT202. Discover the distinct purposes of MT103, which is utilized for direct customer payments, and MT202, designed for bank-to-bank transfers involving intermediary banks. Gain insights into when each message type is appropriate and how they contribute to the international funds transfer process. Watch now to enhance your understanding of SWIFT messaging and optimize your payment transactions

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