Does Payoneer use SWIFT for transactions?

Yes, Payoneer does use the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network for transactions. SWIFT is a global messaging network used by banks and other financial institutions to securely send and receive information, such as money transfer instructions. This means that when you make a transaction with Payoneer, it can be sent via SWIFT to the recipient’s bank anywhere in the world. However, it’s important to note that while Payoneer uses SWIFT, they also use other methods for money transfer, depending on the country and the specific requirements of the transaction.