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What are the alternatives to SWIFT, and how are they faring? Explained

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Hindu
What are the alternatives to SWIFT, and how are they faring? ExplainedWorldPing
Image via The Hindu.

What happened

Multiple wars and U.S.weaponisation of the dollar through financial sanctions are making countries in the Global South think of bypassing the so-far universally accepted SWIFT system for inter-country payments…

Key facts

  • Reported by The Hindu and published Sat, 19 Sep 2026 05:32:53 UTC.

Why it matters

International stories like this one shape diplomacy, travel, energy supply and security decisions well beyond the country involved, which is why WorldPing tracks every update on it in one place.

What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. What are the alternatives to SWIFT, and how are they faring? Explained

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Sources

The original report was published by The Hindu. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at The Hindu

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