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Fintech

Replacing SWIFT Wires: A Fintech Cuts AP Processing Time by 80%

Mid-market, 200+ monthly vendor payments
Reduction in AP processing time
Average settlement time
AP team hours freed per week
The Challenge

What was the problem?

A payment infrastructure company was processing 200+ monthly vendor payments via SWIFT, each requiring manual bank portal entry, compliance review, and 3–5 business days to settle. The AP team was spending 30+ hours per week on manual payment operations — a significant drag for a company building payment technology for others.

The Solution

How Bitwage helped

Bitwage's Vendor Payments product replaced the SWIFT workflow with stablecoin rails and local ACH/SEPA alternatives. Payments are batched and submitted via API, with settlement confirmed on-chain within hours. Compliance pre-screening is automated, and the full audit trail is accessible in real time through the Bitwage dashboard.

Results

Measurable outcomes

Reduction in AP processing time
Average settlement time
AP team hours freed per week
We build payment infrastructure, so we have high standards. Bitwage's API-first approach and on-chain settlement gave us the transparency and speed we couldn't get from our bank.
Head of Operations
Series A Fintech
Products Used
Countries 0

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