There are two methods of making Bill payments.

Currently you can send funds to 40+ countries in their local currencies. This method uses a Non-SWIFT mode of sending payments to your beneficiaries.

To other regions you can always send in USD for making the Bill Payments and will involve Swift mode of making the transfers. SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions. The fees for SWIFT and Non-SWIFT payments are different



Send to intermediary banks to do the Swift transactions

Transactions are usually faster and payment received by receiver will be received in full

Very good traceability when it comes to payments

Can't trace payment as good as Swift if something happens

Will receive Swift message within 2 hours(MT103) which can used to track wherever the payment is

Used to send local currency to specific countries( Eg. CNH can be sent only to China and USD sent only to America

If you are sending non-local currency to a specific country you have to go through swift( Eg. If you are sending USD to China you cannot do it through Normal payment and you have to use Swift for it

Transactions are way cheaper and you only receive local payment reference

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