Global payment system

A global payment system is a network that enables the transfer of money between countries quickly, securely, and efficiently. It connects banks, financial institutions, and digital platforms worldwide, allowing individuals and businesses to send and receive payments across borders. Examples include SWIFT, which facilitates bank-to-bank messages, and digital services like PayPal or TransferWise. These systems ensure that international transactions are processed smoothly, reducing delays and costs, and supporting global trade and commerce. In essence, they create a secure digital infrastructure for cross-border financial exchanges.