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?
8 answers
KimonoGlory
Sat Nov 16 2024
Each SWIFT message is assigned a unique three-digit number.
Lucia
Sat Nov 16 2024
The first digit of this number holds special significance.
SunlitMystery
Sat Nov 16 2024
SWIFT FIN serves as a crucial message type (MT) in the financial world.
EchoWave
Sat Nov 16 2024
It is responsible for transmitting financial information securely.
lucas_taylor_teacher
Sat Nov 16 2024
It identifies the category that the message belongs to.