⚡️The cross-border payments network Neema🇮🇱 launches an alternative to SWIFT

⚡️The cross-border payments network Neema🇮🇱 launches an alternative to SWIFT

The dynamic routing system developed by Neema is designed for banks and financial institutions, operates in real time, and works in hard-to-reach regions as well as in contexts with complex payment methods.

🔻 Who are they? — Neema, whose name means “abundance” in Swahili, was founded in Israel in 2013 to help migrant workers send money to their families via a mobile app. It currently processes transactions in 120 countries. The team considers the SWIFT protocol obsolete.

🔻 What do they offer? — Compared to SWIFT, the Dynamic Routing system establishes multiple routes between countries in real time, optimizing currency exchange fees, which reduces sending costs by 40% to 60% by eliminating intermediaries. Security is reinforced by artificial intelligence.

🔻 Key integrations: Neema’s API already powers well-known fintech services like Revolut and Wise, creating a multiplier effect. Among its key partners are UPI in India🇮🇳 and Alipay in China🇨🇳.

🔻 Relevant fact: The global remittance market exceeds 1.3 trillion US dollars annually.

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