# Swift Payments Overview

Swift wires are the grandaddy of global payments. We LOVE Swift, but you should understand it to see if it makes sense for your business.

**SWIFT payments** are crucial for global banking, providing an interconnected system for sending payment instructions. Despite being essential, it can be antiquated and slow.

**User Experience**:

- **Happy Path**: 90% of payments are processed smoothly within two days.
- **Worst Case**: Delays can occur, often due to correspondent banks, but funds are never lost.

**Routefusion Recommendations**:

- **Best for**: Less frequent, larger B2B transactions.
- **Not ideal for**: Frequent, smaller payments due to potential delays and higher costs.

For more details, visit the [full blog](/content/blog/what-are-local-payments-and-why-should-i-use-them/index.html).

View our currency coverage for SWIFT and Wires here! [Coverage](https://docs.routefusion.com/reference/coverage-1)