Even though the COVID-19 pandemic has forced countries to lock borders and take safety precautions, it has not put a dampener on globalization. While SWIFT and MICR codes were mainstays in the past and are still being used frequently, real-time cross-border payments are becoming increasingly feasible, thanks to advances in technology and the introduction of interoperability. The high demand for fast, secure, efficient, and low-cost services that can power cross-border transactions can be met through interoperability.
