Cryptocurrency Q&A What is MT in payment?

What is MT in payment?

Martino Martino Fri Nov 15 2024 | 8 answers 1487
I'm trying to understand a payment term I encountered. It's 'MT' and I'm not sure what it stands for in the context of payments. Can someone explain this to me? What is MT in payment?

8 answers

KimonoGlory KimonoGlory Sat Nov 16 2024
Each SWIFT message is assigned a unique three-digit number.

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Lucia Lucia Sat Nov 16 2024
The first digit of this number holds special significance.

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SunlitMystery SunlitMystery Sat Nov 16 2024
SWIFT FIN serves as a crucial message type (MT) in the financial world.

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EchoWave EchoWave Sat Nov 16 2024
It is responsible for transmitting financial information securely.

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lucas_taylor_teacher lucas_taylor_teacher Sat Nov 16 2024
It identifies the category that the message belongs to.

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