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A comment on A quick breakdown of what SWIFT is and why it matters. Parent comment

Re:A quick breakdown of what SWIFT is and why it matters by abhishekjha on Friday February 25, 2022 @12:16PM (#30469564)
India has UPI and Rupay which is getting adopted by other SEA countries. Nepal is as another addition.
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Re:A quick breakdown of what SWIFT is and why it matters by actuator on Friday February 25, 2022 @12:26PM (#30469686)
I might be wrong but both of them aren't an equivalent to Swift. Rupay seems to be a card network like Visa and UPI builts on top of IMPS which might be considered an alternative, however IMPS is limited to financial institutions of one country and one currency.

https://www.npci.org.in/what-we-do/imps/product-overview

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Re:A quick breakdown of what SWIFT is and why it matters by H8crilA on Friday February 25, 2022 @08:33PM (#30474517)
Most, or even all, countries / currency zones have an in-house payments system. Euros are settled via SEPA, for example.

SWIFT is mostly about international settlement.

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